Lamb Weston Announces First Quarter Fiscal 2027 Results Above Guidance
Key Highlights
- ➤Fiscal Q1 net sales $1.67 billion, up 1% year-over-year
- ➤Adjusted diluted EPS $0.75, up 1% year-over-year
- ➤Fiscal 2027 adjusted EBITDA outlook raised to $1.125-$1.215 billion
- ➤Fiscal 2027 adjusted diluted EPS outlook raised to $3.05-$3.35
- ➤North America Segment Adjusted EBITDA increased 11% to $287 million
Expert Statements
Mike Smith, President and Chief Executive Officer of Lamb Weston
“We are off to a solid start to the year, delivering first quarter net sales and profit above our expectations”
Mike Smith, President and Chief Executive Officer of Lamb Weston
“Our first quarter results were driven by continued momentum in North America where our strong customer relationships fueled sales volume growth and we continued to drive cost savings.”
Mike Smith, President and Chief Executive Officer of Lamb Weston
“For our International segment, which overall performed in line with our expectations for the first quarter, EMEA continues to face challenging market conditions.”
Mike Smith, President and Chief Executive Officer of Lamb Weston
“As we worked through prior year crop carry in costs, Segment Adjusted EBITDA has improved sequentially.”
Mike Smith, President and Chief Executive Officer of Lamb Weston
“We have taken action to balance our network utilization as demonstrated by ending production at Broekhuizenvorst and successfully transitioning customer fulfillment within Lamb Weston's network enabling further cost optimization.”
Mike Smith, President and Chief Executive Officer of Lamb Weston
“We continue to experience unexpected inflationary pressure across key input costs and freight expense.”
Mike Smith, President and Chief Executive Officer of Lamb Weston
“Our teams are addressing cost inflation by working with suppliers and hedging where possible.”
Mike Smith, President and Chief Executive Officer of Lamb Weston
“Furthermore, we have benefited from capacity optimization initiatives started over a year ago in North America, which have led to an approximate 10 percentage point increase in utilization.”
Mike Smith, President and Chief Executive Officer of Lamb Weston
“These efforts will enable us to overdeliver forecasted savings from our cost savings program.”
Mike Smith, President and Chief Executive Officer of Lamb Weston
“At the same time, we continue to make meaningful progress advancing our Focus to Win strategy, including cross-functional efforts to sharpen our prioritization of markets and channels.”
Mike Smith, President and Chief Executive Officer of Lamb Weston
“We expect to complete this work in the coming months and look forward to sharing our roadmap for driving long-term shareholder value at our Investor Day in early calendar 2027.”
Lamb Weston Announces First Quarter Fiscal 2027 Results Above Guidance
Increases Full-Year 2027 Outlook for Net Sales, Adjusted Diluted EPS and Adjusted EBITDA
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