Lamb Weston Lifts Annual Forecasts On Resilient Demand
Lamb Weston shares rose 4% in premarket trading after the frozen fries supplier raised its annual forecasts, citing resilient demand, particularly in North America. The company expects annual revenue to grow low-single digits, compared to previous expectations of flat to 1% growth. For fiscal 2027, it sees adjusted EPS between $3.05 to $3.35, up from prior expectations of $2.95 to $3.25. First-quarter North America sales rose 5%, contributing the majority of revenue.
39 in premarket trading after the frozen fries supplier lifted its annual forecasts, citing resilient demand for its products, especially in North America. The company now expects annual revenue to grow in the low-single digits, compared with its previous view for flat to 1% growth. 25. North America sales, which make up most of revenue, increased 5% in the quarter.
65 billion compiled. Adjusted quarterly EPS was 75 cents, above estimates of 59 cents, as cost-saving efforts helped results. Chief Executive Mike Smith said the company continues to face unexpected inflationary pressure in key input costs and freight expense, and added that teams are working with suppliers and hedging where possible. 4% year to date as of the last close.