Frozen fries maker Lamb Weston raises annual forecasts on strong demand
LW•Lamb Weston raised its fiscal 2027 revenue growth forecast to the low single digits and adjusted earnings forecast to $3.05-$3.35 per share. First-quarter adjusted earnings were 75 cents per share, while revenue rose 1% to $1.67 billion.
1. Higher annual forecasts
Lamb Weston raised its fiscal 2027 revenue growth forecast to the low single digits, from its prior forecast of flat to 1% growth. It now expects adjusted earnings of $3.05 to $3.35 per share, up from $2.95 to $3.25.
2. Quarterly results
First-quarter adjusted earnings were 75 cents per share, above analysts’ average estimate of 59 cents. Revenue increased 1% from a year earlier to $1.67 billion, topping estimates of $1.65 billion.
3. Demand and costs
The company cited resilient demand for frozen potato products at quick-service restaurants. It said it faces unexpected inflation in input and transportation costs and aims to counter it by working with suppliers and hedging.
