Lamb Weston (NYSE: LW) Q3 2026 Earnings: Revenue Beat, Profit Decline, Raised Outlook

Font: Financial Modeling Prep  • Apr 01, 2026

Lamb Weston Holdings, Inc. (NYSE: LW) Reports Fiscal Q3 2026 Results: Revenue Beat, Profit Pressure, Raised Full-Year Outlook

• Revenue Growth: Net sales reached $1.56 billion, up 3% year-over-year and exceeding analyst estimates of approximately $1.49–1.50 billion.
• EPS and Profitability: Adjusted diluted EPS was $0.72 (above consensus estimates of ~$0.61–0.63), but down from $1.10 in the prior-year quarter. Reported GAAP EPS was $0.39. Income from operations fell 49% to $126.6 million, and net income declined 63% to $54.0 million, primarily due to lower gross margins from cost inflation, unfavorable price/mix, and one-time items.
• Shareholder Returns and Outlook: Lamb Weston raised the midpoint of its fiscal 2026 net sales and adjusted EBITDA guidance while lowering expected capital expenditures. Year-to-date, the company returned $204.7 million to shareholders through dividends and share repurchases.

Lamb Weston Holdings, Inc. (NYSE: LW) is a global leader in frozen potato products and other frozen food items, serving quick-service restaurants, foodservice operators, and retail customers worldwide.

On April 1, 2026, the company reported fiscal third-quarter 2026 results. Revenue showed resilience with $1.56 billion in net sales, driven by strong volume growth (particularly in North America) that offset softer price/mix and competitive pressures in certain international markets.

While top-line performance beat expectations, profitability faced headwinds. Adjusted EBITDA came in at $271.7 million. For the first nine months of fiscal 2026, net sales totaled $4.84 billion (up 1% year-over-year).

Despite the year-over-year profit declines, management demonstrated confidence by increasing the midpoint of its full-year fiscal 2026 net sales and adjusted EBITDA outlook and reducing projected capital expenditures. The company also declared a quarterly dividend of $0.38 per share.

Lamb Weston continues to focus on volume growth, operational efficiencies, and long-term cost-saving initiatives amid a challenging environment of input cost volatility and shifting consumer demand.