)
Company Research3 Apr 2023
12 Boring Businesses With Strong Track Records
To get great or stable returns, you don't necessarily need to be on the hunt for the "next big thing."
Lamb Weston (LW) investor relations material
Lamb Weston Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary30 Sep, 2025
Executive summary
Delivered Q1 FY26 results exceeding expectations, with 6% volume growth and strong customer momentum, supported by the Focus to Win strategy and new product launches.
Early execution of cost savings and operational excellence initiatives led to lower manufacturing costs and SG&A expenses.
Restarted a previously curtailed production line in North America to meet sustained demand.
Reaffirmed fiscal 2026 outlook, positioning for long-term value creation.
Net income dropped 50% to $64.3 million, and diluted EPS fell 48% to $0.46, mainly due to higher taxes and lower equity earnings.
Financial highlights
Q1 FY26 net sales were $1,659.3 million, up $5.2 million year-over-year, with a 6% volume increase offset by a 7% price/mix decline at constant currency.
Adjusted EBITDA was $302.2 million, up 1% year-over-year; North America adjusted EBITDA declined $18 million to $260 million, while International increased $5.8 million to $57.2 million.
Adjusted gross profit declined $14.2 million to $338.9 million, mainly due to unfavorable price/mix.
Free cash flow was strong at $273 million, with $352 million generated from operations, up $21.8 million year-over-year.
Adjusted diluted EPS was $0.74, down $0.04 year-over-year.
Outlook and guidance
Fiscal 2026 outlook reaffirmed: net sales at constant currency expected between $6.35 billion and $6.55 billion; adjusted EBITDA guidance of $1.0–$1.2 billion, including current tariffs.
Capital expenditures forecasted at ~$500 million for FY26.
Effective tax rate expected at 26–27% for FY26, with higher rates in the first half.
Guidance includes current tariffs but excludes potential future trade policy changes.
Expect year-over-year volume growth in both segments, with price/mix unfavorable in the first half and moderating in the second half.
Focus to Win strategy: Q1 progress and costs
What caused the Q1 effective tax rate spike?
CapEx reduction: Future growth implications?
Rationale for North America broker model expansion
Factors affecting Argentina plant utilization ramp?
Cost savings phasing and full-year target update?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Lamb Weston earnings date
Q2 202618 Dec, 2025
Next Lamb Weston earnings date
Q2 202618 Dec, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
The king of french fries
Lamb Weston is one of the leading potato product manufacturers in the world. To make their scale more tangible, over 60 million portions of their potato fries are sold daily, both through B2B customers like McDonald’s and through their own branded consumer products.
Founder of the world's first cutting machine
Lamb Weston was founded in 1950 by Gilbert Lamb, who invented the world’s first cutting machine designed to cut fries under high pressure. The company is actually the originator of both curly and crisscut fries as well. With over four billion in annual revenue and almost half a billion in EBIT, potatoes are undoubtedly a big business. Since the spin-off from ConAgra Brands in 2016, Lamb Weston’s stock has appreciated 145 percent. And that excludes dividends.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage