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Benzinga
Benzinga
Business
Akanksha Bakshi

Lamb Weston Reaffirms Outlook As CEO Says Strategy Starting To Pay Off

Lamb Weston Weston LW
Konskie,,Poland,-,February,09,,2024:,Lamb,Weston,Company,Logo

Lamb Weston Holdings, Inc. (NYSE:LW) posted first-quarter fiscal 2026 net sales of $1.66 billion, up slightly from $1.65 billion a year earlier and ahead of the $1.62 billion estimate.

Adjusted net income was $103 million, with adjusted earnings per share of 74 cents, topping the 55-cent estimate. Adjusted EBITDA increased to $302.2 million from $299.4 million.

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