Lamb Weston Raises Annual Forecasts on Strong Demand
Lamb Weston raised its annual sales and profit forecasts on Tuesday, citing resilient demand for its frozen potato products, particularly at quick-service restaurants.
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01:15:47 PM UTC
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Potato products company Lamb Weston NYSE:LWreported revenue ahead of Wall Street’s expectations in calendar Q3 2026 (fiscal Q1 2027), but sales were flat year on year at $1.67 billion. Its GAAP profit of $0.21 per share was 59.9% below analysts’ consensus estimates.Lamb Weston (LW) Q3 CY2026 Highli…
Lamb Weston NYSE:LW on Tuesday raised its annual sales and profit forecasts, citing resilient demand for its frozen potato products at quick-service restaurants, its main customer base. Demand for lower-priced restaurant items such as fries has been increasing as inflationary pressure grows.