Lamb Weston Holdings, Inc. (NYSE: LW) reported its first quarter 2026 earnings results today.
Net sales remained flat at $1.66 billion compared to the same period a year ago. Net sales at constant currency declined 1%.
GAAP net income decreased 50% to $64.3 million and earnings per share was down 48% to $0.46 compared to last year. Adjusted EPS dropped 5% year-over-year to $0.74.
The top and bottom line beat expectations.
Net sales for the North America segment declined 2% to $1 billion while net sales for the International segment increased 4% to $574.7 million YoY.
ADVERTISEMENT
For fiscal year 2026, the company expects net sales at constant currency to be $6.35-6.55 billion.
The stock jumped 8% in premarket hours on Tuesday.
Prior performance
