Lamb Weston Q3 net income falls 63% as sales rise 3%; raises FY2026 outlook midpoint
Lamb Weston reported fiscal third-quarter 2026 net sales of $1,564.8 million, up 3%, but net income fell 63% to $54.0 million and diluted EPS fell to $0.39 from $1.03. The company raised the midpoint of its fiscal 2026 net sales and adjusted EBITDA outlook and cut its expected capital expenditures, while the International segment took a $32.5 million raw potato write-off.
Key points
- Q3 net sales $1,564.8 million, up 3%; adjusted EBITDA $271.7 million, down 27%
- Q3 net income $54.0 million, down 63%; diluted EPS $0.39 versus $1.03 a year earlier
- Fiscal 2026 adjusted EBITDA guidance narrowed to $1.08 billion to $1.14 billion from $1.00 billion to $1.20 billion
- Expected fiscal 2026 capital expenditures cut to approximately $400 million from approximately $500 million; quarterly dividend $0.38 per share
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.