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Lamb Weston Announces First Quarter Fiscal 2027 Results Above Guidance

LW
  • Lamb Weston Holdings, Inc. reported first-quarter fiscal 2027 net sales of $1.67 billion, a 1% year-over-year increase.
  • Reported net income for the quarter was $29 million, while adjusted net income was $103 million.
  • Adjusted EBITDA for the first quarter reached $286 million, down 5% from the prior year period.
  • Reported diluted EPS was $0.21, compared to $0.75 in adjusted diluted EPS.
  • The company raised its full-year 2027 adjusted EBITDA outlook to a range of $1.125 billion to $1.215 billion.
  • North America segment net sales grew 5% to $1.141 billion, driven by a 7% increase in sales volume.
  • International segment net sales declined 8% to $529 million, impacted by lower volume in Europe & Middle East & Africa (EMEA) & higher manufacturing costs.
  • Segment Adjusted EBITDA for North America increased 11% to $287 million, whereas International segment Adjusted EBITDA fell 54% to $27 million.
  • Cash provided by operating activities totaled $235 million, an $117 million decrease compared to the prior year.
  • Capital expenditures for the quarter were $91 million, reflecting investments in facility reliability & strategic optimization.
  • The company returned $52 million to shareholders via cash dividends & has approximately $245 million remaining authorized for share repurchases.
  • A quarterly dividend of $0.38 per share was declared, payable on December 4, 2026, to shareholders of record as of November 6, 2026.
  • Updated full-year 2027 adjusted diluted EPS guidance is now $3.05 to $3.35, up from the previous range of $2.95 to $3.25.
  • Management cited unexpected inflationary pressure on input costs & freight, offset partially by capacity optimization initiatives that improved utilization by approximately 10 percentage points.