Overview
- Lamb Weston reported Q1 fiscal 2026 net sales of $1.66 billion, adjusted EPS of $0.74, and adjusted EBITDA of $302.2 million, topping consensus estimates.
- Sales volume rose 6% year over year while price/mix fell about 6–7%, and operating margin narrowed to roughly 9.4% from 12.8% as gross profit declined.
- The company reaffirmed full-year constant-currency sales guidance of $6.35 billion to $6.55 billion and adjusted EBITDA of $1.0 billion to $1.2 billion.
- Operating cash flow increased to $352.0 million and capital spending declined to $79.2 million, and the board declared a $0.37 quarterly dividend payable Nov. 28 with $62.1 million returned in the quarter.
- Shares rose about 4.8% to $58.35 after the release, as CEO Mike Smith said early progress on the 'Focus to Win' strategy is building customer momentum.