Lamb Weston Holdings (LW) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 29, 2026

Before Open (Confirmed)

Period Ending

2026 (Q4)

Consensus EPS Forecast

0.62

Last Year’s EPS

0.87

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 9 Analysts Ratings

Earnings Call Summary

Q3 2026

Earnings Call Date:Apr 01, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presented a mixed but stabilizing picture: strong operational and commercial performance in North America, meaningful cost savings delivery, improved cash generation and tightened guidance provide constructive momentum. Those positives were offset by significant International challenges—excess European crop and capacity, a $33M raw potato write-off, steep declines in International sales and EBITDA, and near-term margin pressure. Management is taking decisive portfolio and capital actions and expects potato input costs to moderate, but uncertainty from input inflation and geopolitical risk (Middle East) persists.

Company Guidance

The company raised its fiscal 2026 outlook, forecasting net sales of $6,450,000,000 to $6,550,000,000 (including an ~1.8% FX benefit, about $95,000,000 YTD) and adjusted EBITDA of $1,080,000,000 to $1,140,000,000 (which includes their current assessment of additional risk from the Middle East conflict); they expect North America to deliver high-single-digit volume growth in H2 (including an extra week of Q4 sales) while International full-year volumes should grow but will see YoY declines in H2, with Middle East sales representing a high-single-digit percentage of International volume YTD. They see potato input prices in North America down low- to mid-single digits for the new crop and European contracted potato pricing pointing to a mid-teens decline; adjusted gross margin is expected to decline seasonally in Q4 by ~250–300 basis points from Q3’s 20.9%; adjusted SG&A dollars should tick up slightly in Q4 (extra week and investments); full-year tax rate ~28% (Q4 mid-teens); depreciation & amortization now ~ $395,000,000; full-year capex ~ $400,000,000 (YTD $257,000,000); liquidity ~ $1,300,000,000; net debt ~$3,900,000,000 with net debt/adjusted EBITDA ~3.4x.

North America Volume and Sales Strength

North America delivered strong execution with volume up 12% and net sales up 5% in the quarter (North America net sales increased 5%; overall volume increased 7% company-wide). Utilization in North America is in the low-90% range, and the business showed customer wins, share gains, high retention, and improved run rates.

Cost Savings Program Ahead of Plan

Company set a $250,000,000 cost savings target by FY2028 and achieved the first goal of $100,000,000 for fiscal 2026 by the end of Q3, tracking ahead of program targets and enabling selective reinvestment in the business.

Improved Cash Generation and Strong Liquidity

Year-to-date cash from operations was $596,000,000 (up $110,000,000 YoY). Free cash flow was $339,000,000 YTD (up $417,000,000 YoY). Liquidity stood at approximately $1,300,000,000 and the company returned $205,000,000 to shareholders YTD (including $155,000,000 dividends and $50,000,000 repurchases); ~$43,000,000 of repurchases occurred post-quarter.

Raised Guidance with a Tighter Range

Management raised the low end of net sales guidance and increased the midpoint: net sales now expected $6,450,000,000–$6,550,000,000 (includes ~1.8% FX benefit). Adjusted EBITDA guidance updated to $1,080,000,000–$1,140,000,000, reflecting improved visibility and momentum.

SG&A Efficiency Gains

Adjusted SG&A improved to 7.8% of sales, a 70-basis-point improvement versus normalized fiscal 2023 SG&A of 8.5%, reflecting streamlining actions and ongoing SG&A efficiency initiatives.

Operational Execution and Production Flexibility

Company reported improved operational KPIs and run rates, restarted previously curtailed North American lines to regain flexibility, and emphasized improved fill rates and execution consistency for customers.

Favorable Potato Cost Outlook (Near-Term)

Management expects a low- to mid-single-digit percent decline in North American contracted raw potato prices for the upcoming crop year and indicated European contracted pricing is pointing toward a mid-teens decline versus 2025.

Strategic Leadership and Focus to Win Progress

‘Focus to Win’ strategy execution cited as delivering improved customer positioning. Leadership refreshed (new executive chair Jan Props, incoming CFO Jim Gray, seven new board members) to drive operating execution and capital discipline.

Lamb Weston Holdings (LW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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LW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 29, 2026	2026 (Q4)	0.62 / -	0.87	―	―	―
Apr 01, 2026	2026 (Q3)	0.61 / 0.72	1.1	-34.55% (-0.38)
Dec 19, 2025	2026 (Q2)	0.64 / 0.69	0.66	4.55% (+0.03)
Sep 30, 2025	2026 (Q1)	0.55 / 0.74	0.73	1.37% (+0.01)
Jul 23, 2025	2025 (Q4)	0.63 / 0.87	0.78	11.54% (+0.09)
Apr 03, 2025	2025 (Q3)	0.86 / 1.10	1.2	-8.33% (-0.10)
Dec 19, 2024	2025 (Q2)	1.01 / 0.66	1.45	-54.48% (-0.79)
Oct 01, 2024	2025 (Q1)	0.72 / 0.73	1.63	-55.21% (-0.90)	―
Jul 24, 2024	2024 (Q4)	1.26 / 0.78	1.22	-36.07% (-0.44)	―
Apr 04, 2024	2024 (Q3)	1.45 / 1.20	1.43	-16.08% (-0.23)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 01, 2026	$42.26	$38.48	-8.94%
Dec 19, 2025	$58.84	$43.58	-25.94%
Sep 30, 2025	$54.88	$57.26	+4.33%
Jul 23, 2025	$48.16	$56.01	+16.31%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.