Lamb Weston reported fiscal 2026 net sales of $6,612.3 million and adjusted EBITDA of $1,147.2 million, with adjusted diluted EPS of $3.01. GAAP net income for the year was $290.0 million and diluted EPS was $2.08. The company said net sales and adjusted EBITDA exceeded the high end of its guidance and delivered volume growth in North America despite international headwinds.

Financial Highlights

  • Net sales (FY2026): $6,612.3 million.
  • Gross profit (FY2026): $1,359.7 million (as reported).
  • Income from operations (FY2026): $591.1 million (as reported).
  • Net income (FY2026, GAAP): $290.0 million; diluted EPS: $2.08.
  • Adjusted results (FY2026): Adjusted EBITDA $1,147.2 million; Adjusted diluted EPS $3.01; Adjusted net income $419.8 million.

Business Highlights

  • North America volume growth: Sales volume increased for the sixth consecutive quarter and drove full-year and Q4 top-line growth, with North America net sales up 9% in Q4 and 3% for the full year.
  • International challenges: EMEA markets were negatively impacted by Middle East conflict and competitive conditions, leading to lower international sales and a decline in international adjusted EBITDA.
  • Operational improvements: Supply chain and manufacturing productivity gains reduced manufacturing cost per pound and supported increased North America segment adjusted EBITDA margin.
  • Cost Savings Program: Launched Focus to Win in July 2025 with a three-year cost savings target of at least $250 million annualized by end of fiscal 2028; exceeded the $100 million fiscal 2026 milestone.
  • Capital and shareholder actions: Capital expenditures of $410.1 million in fiscal 2026 (down from prior year); returned $320.7 million to shareholders in fiscal 2026 via $207.5 million dividends and $113.2 million repurchases; $245 million remains authorized for repurchase.

Original SEC Filing:

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