Lamb Weston Beats Q1 Estimates and Raises Full-Year 2027 Outlook as North America Drives Growth

Lamb Weston Holdings raised its full-year fiscal 2027 outlook on October 6 after reporting first-quarter results that came in above its own guidance on both the top and bottom lines. The frozen potato giant posted adjusted diluted earnings per share of $0.75, beating analyst expectations by $0.16, while net sales rose 1% year over year to $1.67 billion, topping consensus by roughly $10 million. Reported net income for the quarter was $29 million, down from the prior-year period, while adjusted net income came in at $103 million and adjusted EBITDA reached $286 million.

CEO Mike Smith credited continued momentum in North America, where strong customer relationships drove sales volume growth alongside ongoing cost savings. The international segment performed broadly in line with expectations, though the EMEA region continues to face challenging market conditions; the company noted that segment adjusted EBITDA has improved sequentially as prior-year crop carry-in costs worked through the system.

On the strength of the quarter, Lamb Weston lifted its full-year fiscal 2027 targets for net sales, adjusted diluted EPS, and adjusted EBITDA, updating the EBITDA outlook to a range of $1.125 billion to $1.215 billion. Shares of LW rose approximately 4.7% in premarket trading following the announcement.