Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today.
Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
GAAP net income was $62.1 million, or $0.44 per share, compared to a net loss of $36.1 million, or $0.25 per share, last year. Adjusted EPS declined 5% YoY to $0.69.
Revenue and earnings came above estimates. Despite the beat, the stock plunged 12% in premarket hours on Friday.
Net sales for the North America segment was relatively flat at $1.06 billion while net sales for the International segment increased 4% to $548.6 million compared to the year-ago period.
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For fiscal year 2026, net sales are expected to range between $6.35-6.55 billion.
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