Lamb Weston Reports First Quarter 2026 Earnings

Lamb Weston (LW) saw its shares increase on Tuesday after the company released its first quarter 2026 revenue report. The report highlighted adjusted earnings per share of 74 cents, surpassing Wall Street’s estimate of 54 cents, although this marks a 5% decline from the same period last year.

The company’s revenue reached $1.66 billion in the latest quarter, which is slightly above analysts’ expectations of $1.62 billion. It’s worth noting, though, that this reflects less than a 1% increase year-over-year compared to $1.65 billion. The firm attributed this performance to “solid volume growth and aggressive customer momentum,” emphasizing “the strength of our value proposition and operating model.”

In pre-market trading on Tuesday, Lamb Weston shares were up 8.33%, following a modest 0.81% gain the day prior. Over the past year, however, the stock has dropped around 15.05% and 14.24% since the beginning of the year.

Lamb Weston Guidance

In its revenue report, Lamb Weston also reaffirmed its guidance for 2026. The forecast predicts revenues to range from $6.35 billion to $6.55 billion, an EBITDA adjustment of $1.2 billion, and capital expenditures close to $500 million.

The company indicated that this guidance takes into account certain tariffs imposed by the US and other nations, but it doesn’t predict the potential effects of changing trade policies, including any future tariff adjustments or retaliatory measures.

Investor Outlook on Lamb Weston

Looking at Wall Street analysis, the consensus opinion on Lamb Weston stock is categorized as moderate purchases, based on three buy and six hold ratings over the past three months. Additionally, the average target price for LW stock is set at $60.57, suggesting an upside potential of about 8.8%. These evaluations and price targets might shift as analysts reassess their ratings following the recent revenue announcement.