Lamb Weston reports Q3 adjusted EPS 72c, consensus 61c

Reports Q3 revenue $1.56B, consensus $1.49B. “Driven by continued solid performance in our North America segment, we delivered another quarter in line with our expectations,” said Mike Smith, Lamb Weston (LW) president and CEO. “Our team’s disciplined execution of our Focus to Win strategy continues to strengthen Lamb Weston and position us to drive long-term shareholder value. We are taking proactive steps to better align supply and demand, and we are acting with urgency to navigate the competitive international environment. Our focus on operational rigor and cost discipline continues to drive strong productivity, and we now expect to exceed our cost reduction target of at least $250 million by fiscal year-end 2028.”