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Get filing alertsLamb Weston beats FY2026 guidance with $6.6B sales, but International EBITDA plunges 55%
Filed July 24, 2026 · Period ending July 24, 2026 · ~1 min read
Key Changes
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high
Full-year net sales of $6,612M (up 2%) and adjusted EBITDA of $1,147M both exceeded high end of guidance, driven by North America volume growth and cost savings exceeding $100M target.
Exhibit 99.1 view on EDGAR → -
high
International segment adjusted EBITDA collapsed 55% for the year to $115M, hit by Middle East conflict, EMEA competitive pressure, and a $33.1M potato write-off charge.
Exhibit 99.1 view on EDGAR → -
high
North America net sales grew 3% to $4,395M with segment EBITDA up 3% to $1,142M, marking sixth consecutive quarter of volume growth from customer wins and manufacturing efficiencies.
Exhibit 99.1 view on EDGAR → -
high
FY2027 guidance calls for flat to 1% sales growth (52-week adjusted), adjusted EBITDA of $1.1B–$1.2B, and adjusted EPS of $2.95–$3.25, reflecting continued International headwinds.
Exhibit 99.1 view on EDGAR → -
medium
Cost Savings Program exceeded $100M target in year one of three-year plan targeting $250M annualized run-rate savings by fiscal 2028 end; company pursuing additional opportunities.
Exhibit 99.1 view on EDGAR →
Summary
Lamb Weston delivered a mixed fiscal 2026, beating its own guidance with $6.6 billion in net sales and $1.15 billion in adjusted EBITDA, but the headline masks a sharp geographic divergence. North America carried the year with 3% sales growth and steady EBITDA expansion, fueled by customer wins, market share gains, and manufacturing cost reductions that pushed the company past its $100 million cost savings milestone. International, however, saw segment EBITDA crater 55% to just $115 million despite 1% sales growth—EMEA competitive dynamics, the Middle East conflict that erupted in Q4, and a $33.1 million potato inventory write-off all weighed heavily.
The fiscal 2027 outlook reflects this reality: management guides to flat-to-1% sales growth and EBITDA of $1.1–$1.2 billion, essentially projecting no top-line momentum and EBITDA at or slightly above the prior year despite ongoing cost initiatives. For a company that just exceeded its savings target, the muted guidance signals that International headwinds are expected to persist and that North America's volume gains may not accelerate meaningfully. Investors should watch whether the International segment stabilizes and whether the company can convert its cost discipline into margin expansion rather than just offsetting external pressures.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Net Sales for the full-year fiscal 2026 increased 2% year-over-year to $6,612 million and exceeded the high end of the Company’s guidance, which was $6,550 million ... Adjusted EBITDA(1) for the full-year fiscal 2026 was $1,147 million and exceeded the high end of the Company’s guidance, which was $1,140 million
Lamb Weston delivered full-year net sales of $6,612 million (up 2% year-over-year) and adjusted EBITDA of $1,147 million, both exceeding the high end of prior guidance. Net income was $290 million and adjusted diluted EPS was $3.01. The company benefited from a 53rd week contributing $127.1 million in sales and $28.9 million in adjusted EBITDA.
Added in current filing · view on EDGAR →
Net sales increased 9 percent. Sales volume grew for the sixth consecutive quarter and increased 11 percent, driven by customer contract wins, share gains, strong retention, and the benefit of an extra week. ... Segment Adjusted EBITDA increased due to higher sales volumes and lower manufacturing costs per pound reflecting leverage from the cost savings initiatives and improved operating efficiencies, which more than offset higher inflation, unfavorable price/mix, and higher operating expenses.
North America Q4 net sales rose 9% to $1,206 million with volume up 11%, marking the sixth consecutive quarter of volume growth. Segment adjusted EBITDA increased 17% to $305 million. For the full year, North America net sales grew 3% to $4,395 million and segment adjusted EBITDA rose 3% to $1,142 million, driven by customer wins, share gains, and manufacturing efficiencies.
Added in current filing · view on EDGAR →
Net sales declined 2 percent, led by a sales volume decline of 2 percent and price/mix decline of 4 percent, partially offset by favorable currency impact. Sales growth in Asia Pacific and Latin America, as well as the benefit of an extra week, was more than offset by challenging market conditions in EMEA, including the impact of the Middle East conflict which began early in the fourth quarter of fiscal 2026. ... Segment Adjusted EBITDA declined due to lower net sales, higher manufacturing costs per pound and higher operating expenses.
International Q4 net sales fell 2% to $564 million and segment adjusted EBITDA plunged 81% to $12 million, impacted by the Middle East conflict and EMEA competitive challenges. For the full year, International net sales rose 1% to $2,217 million but segment adjusted EBITDA dropped 55% to $115 million, reflecting competitive pricing pressure, higher manufacturing costs including a $33.1 million potato write-off charge, and EMEA market disruption.
Added in current filing · view on EDGAR →
Net Sales (b) $6.6 billion $6.5 billion 0.0% to 1.0% ... Adjusted EBITDA(1) $1.15 billion $1.1 billion $1.1 billion to $1.2 billion ... Adjusted Diluted EPS(1) $3.01 $2.90 $2.95 to $3.25 ... Capital Expenditures (c) $410 million $380 to $410 million
For fiscal 2027, Lamb Weston guides to net sales growth of 0% to 1% (on a 52-week adjusted basis), adjusted EBITDA of $1.1 billion to $1.2 billion, and adjusted diluted EPS of $2.95 to $3.25. Capital expenditures are expected at $380 million to $410 million in cash outflows. The company also expects operating cash flow of $750 million to $800 million.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 27, 2026 · How we verify