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.
“The Lamb Weston team delivered a strong start to the fiscal year with solid volume growth and positive customer momentum, underscoring the strength of our value proposition and our operating model,” said Mike Smith, Lamb Weston president and CEO.
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“We believe our sharpened executional focus and strategic plans behind our Focus to Win strategy are beginning to deliver and position us to drive long-term growth and sustainable value for our shareholders.”
Overall volume rose 6%, while price/mix declined 7% …