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- Newly Disclosed Significant Litigation (new) — A new environmental class action was disclosed, with a trial scheduled for September 2027 and a related accrual recorded, indicating potential material liability.
Lamb Weston's fiscal first-quarter net income fell 54.7% to $29.1M, including approximately $5 million in tariff refunds.
Filed October 6, 2026 · Period ending August 30, 2026 · Compared to 10-Q Sep 30, 2025 · ~1 min read
Key Changes
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Net sales rose 0.7% to $1.67B, with North America segment net sales up 5.2% to $1.14B and International segment net sales down 8.0% to $528.9M.
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The company recorded $33.0M in legal proceedings and other claims accruals, including a new environmental class action with a trial scheduled for September 2027.
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Cash provided by operating activities was $234.8M, down 33.3% from the prior-year quarter, which the company attributes to a $136.3 million improvement in inventories as we were beginning our Cost Savings Program in the prior year.
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 6, 2026 · How we verify