LW
Lamb Weston Holdings, Inc.
Price as of Jul 20, 2026
LW earnings
Lamb Weston Holdings, Inc. earnings
Reported EPS and revenue history, upcoming estimates and available earnings-call summaries.
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 1, 2026 | $0.63 | $0.72 | +15.0% | $1.6B | +4.6% |
| Dec 19, 2025 | $0.64 | $0.69 | +7.1% | $1.6B | +1.7% |
| Sep 30, 2025 | $0.55 | $0.74 | +35.8% | $1.7B | +2.6% |
| Apr 3, 2025 | $0.87 | $1.10 | +26.4% | $1.5B | -4.5% |
| Dec 19, 2024 | $1.05 | $0.66 | -37.1% | $1.6B | -4.2% |
| Jul 24, 2024 | $1.26 | $0.78 | -38.1% | $1.6B | -5.3% |
| Apr 4, 2024 | $1.45 | $1.20 | -17.2% | $1.5B | -11.6% |
| Jan 4, 2024 | $1.41 | $1.45 | +2.8% | $1.7B | +1.9% |
| Oct 5, 2023 | $1.08 | $1.63 | +50.9% | $1.7B | +2.8% |
| Jul 25, 2023 | $1.05 | $1.22 | +16.2% | $1.7B | +2.3% |
| Apr 6, 2023 | $0.99 | $1.43 | +44.4% | $1.3B | -24.2% |
| Jan 5, 2023 | $0.74 | $1.28 | +73.0% | $1.3B | +11.2% |
Earnings call summary
Q3 FY2026 · April 1, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Mike thanked the team for hard work and noted solid performance in third quarter, updated fiscal 2026 outlook with tighter guidance range. • Focus2Win strategy in place, including strengthening customer partnerships, achieving executional excellence, and setting pace for innovation. • North America business saw 12% volume growth and 5% net sales growth. • International business faced challenges due to market environment, with actions taken like closing plant in Argentina and curtailing production in Netherlands. • Developed and executed focused win strategy, set $250 million cost savings target by fiscal year-end 2028, already delivered $100 million in fiscal 2026. • New executive chair and incoming CFO, refreshed board with new members. • Strengthening customer partnerships through US commercial go-to-market strategy, executional excellence with agile supply chain, and innovation with grown in Idaho brand.
Guidance
• Net sales expected in range of 6.45 to 6.55 billion, adjusted EBITDA in range of 1.08 to 1.14 billion including Middle East conflict risk. • North America expects high single-digit volume growth in second half with additional week of sales in fourth quarter. • International full-year volumes still expected to grow but second half to see year-over-year declines due to lapping strong last year and Middle East conflict pressure. • Price mix in fourth quarter to remain unfavorable, adjusted gross margin expected to decline seasonally, adjusted SG&A to benefit from cost savings initiatives. • Full year tax rate expected at ~28%, full year depreciation and amortization now ~395 million vs prior ~390 million.
Segment performance
North America: Net sales increased 5%, volume increased 12% due to customer wins, share gains, and strong retention; price mix declined 7%. International: Net sales declined 1% at constant currency, volume declined 2% due to softer demand in key markets and excess international capacity; price mix declined 7% at constant currency.
Risks & headwinds
• International market environment with significant potato surplus in Europe, local sourcing in developing regions affecting exports, persistently lower restaurant traffic. • Middle East conflict potentially impacting volumes, commodities volatility, and inventories. • Excess international capacity remaining a factor. • Input costs excluding raw potatoes increased due to tariffs, edible oils, fuel power, water, labor, and transportation costs.
Analyst Q&A
Q: Asks about utilization rates in US and international business, pricing environment in Europe.
A: In North America, utilization in low 90s with curtailed lines ramped back up; in international, actions taken on production lines. Pricing in Europe affected by capacity imbalance, slower demand, and potato crop.
Q: Asks about North America price mix, reduced CapEx guidance.
A: Expect price mix pressure into fiscal 27, reduced CapEx due to disciplined decision-making with some environmental capitals still needed.
Q: Asks about North America top line, volume trajectory, inflation and cost outlook.
A: Focus on customer partnerships, volume flow through, no additional raw write-offs anticipated.
Q: Asks about North America competitors, supply chain footprints.
A: Can't speak to competitors but winning with customers.
Q: Asks about potato write-off in Europe, North America portfolio management.
A: Adjustments in raw procurement in Europe, prioritizing markets and channels with new executive.
Q: Asks about North America utilization rate, international competitors.
A: Most curtailed lines restarted in North America, pace of industry capacity curtailments slowed.
Q: Asks about cost savings program, portfolio management.
A: On track to exceed $250 million target, prioritizing markets and channels with new executive assessing businesses.
Q: Asks about Mideast conflict and costs.
A: Impact depends on conflict length/severity, risks include lower volumes, commodities volatility, hedging program in place to reduce price risk
Earnings history is derived from company filings and calendar data. Call summaries are grouped by reporting period. Latest covered event: 2026-07-24.