Lamb Weston reports Q2 adjusted EPS 69c, consensus 65c

Reports Q2 revenue $1.62B, consensus $1.59B. “Our performance this quarter reflects the positive momentum we are building across the business,” said Mike Smith, Lamb Weston (LW) president and CEO. “We delivered robust volume growth and gained share in priority markets and key categories, demonstrating Lamb Weston’s commitment to deliver quality, innovation, and value. Our team is executing at a high level, and we remain on track to achieve our $100 million cost savings program target for fiscal 2026. In addition, the board approved a 3 percent increase to the quarterly dividend, which has increased each year since Lamb Weston went public.”