Lamb Weston Holdings, Inc. announced its financial results for the first quarter of fiscal 2027 on October 6, 2026, reporting figures that exceeded internal expectations. The company reported net sales of $1.67 billion for the quarter, representing a 1% increase year-over-year. This growth was driven by a 2% increase in sales volume and a favorable currency impact, which was partially offset by a 2% decrease in price and mix.
On the income statement, the company reported net income of $29 million and Adjusted Net Income of $103 million for the quarter. Adjusted Diluted EPS was reported at $0.75, while Adjusted EBITDA came in at $286 million. The company noted that higher sales volume was more than offset by lower price and mix, as well as increased cost of sales and selling, general and administrative expenses.
Segment performance varied by geography. In North America, net sales increased 5% to $1.141 billion, with sales volume growing for the seventh consecutive quarter. Segment Adjusted EBITDA increased 11% to $287 million. Conversely, the International segment saw net sales decline 8% to $529 million, driven by lower sales volume and manufacturing costs, particularly in the EMEA region.
Lamb Weston also updated its full-year fiscal 2027 outlook. The company raised its guidance for Adjusted EBITDA to a range of $1.125 billion to $1.215 billion, up from the previous outlook of $1.10 billion to $1.20 billion. Adjusted Diluted EPS is now expected to be between $3.05 and $3.35, compared to the prior range of $2.95 to $3.25. Net Sales are expected to grow by low single digits, compared to the previous outlook of 0.0% to 1.0%.
In terms of capital returns, the company returned $52 million to shareholders through cash dividends during the quarter. On October 5, 2026, the Board of Directors declared a quarterly dividend of $0.38 per share. As of August 30, 2026, the company had $166 million in cash and cash equivalents, along with $1.24 billion of available liquidity under its revolving credit facility.
