Lamb Weston up after lifting annual forecasts
LW•Lamb Weston raised its annual revenue growth forecast to a low-single-digit rate from flat to 1% growth and lifted its fiscal 2027 adjusted EPS outlook to $3.05-$3.35 from $2.95-$3.25. Its first-quarter North America sales rose 5%, and the company beat sales and adjusted profit estimates.
1. Raised forecasts
Lamb Weston lifted its annual revenue growth forecast to a low-single-digit rate, from its prior view of flat to 1% growth. It raised its fiscal 2027 adjusted EPS outlook to $3.05-$3.35 from $2.95-$3.25.
2. First-quarter results
First-quarter sales in North America, which generates most of the company's revenue, rose 5%. Lamb Weston beat estimates for first-quarter sales and adjusted profit, citing resilient demand, particularly in North America.
