Lamb Weston Q1 revenue flat at $1.66B; adjusted EPS down 5% to $0.74; reaffirms FY2026 outlook

Lamb Weston Holdings, Inc.

2026-Q1 EPS reported $0.46 revenue$1,659,300,000

Net sales $1,659.3M, flat YoY; volume +6% offset by price/mix -7%.
Diluted EPS $0.46 (-48% YoY); adjusted diluted EPS $0.74 (-5%).
Adjusted EBITDA $302.2M, up 1%; adjusted income from operations $206.5M, up 5%.
Effective tax rate 42.7% vs 28.5% last year, pressuring net income.
CEO cites solid volume growth and customer momentum; full-year fiscal 2026 guidance reaffirmed.

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