EarningsQ4 2026 Earnings Report

Lamb Weston Holdings (LW) Q4 2026 Earnings Report

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Previous Report: Q3 2026

MX:LW Q4 2026 EPS Results

Actual EPS$15.82

Consensus EPS$11.38

Beat/MissBeat by +$4.44

One Year Ago EPS$15.82

MX:LW Q4 2026 Revenue Results

Actual Revenue$32.18B

Expected Revenue$30.84B

Beat/MissBeat by +$1.33B

YoY Revenue Growth+5.63%

Earnings Announcement Details

QuarterQ4 2026

Date07/24/2026

TimeBefore Open

Conference CallFriday, July 24, 2026

MX:LW Upcoming Earnings

Lamb Weston Holdings's next earnings date is estimated for October 6, 2026, based on past reporting schedules.

Q4 2026 Earnings Call Audio

MX:LW Q4 2026 Earnings Call

0:00 / 0:00

Q4 2026 Earnings Slide Deck

Q4 2026 Earnings Call Summary

Q4 2026

Earnings Call Date:Jul 24, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveys cautious optimism: strong recovery and execution in North America (sustained volume growth, margin expansion, >$100M cost savings in year 1, and robust cash generation) and clear leadership/strategy actions are material positives. However, significant international challenges—particularly in EMEA—input cost volatility from edible oils and freight related to the Middle East conflict, one-time write-offs and start-up costs, and a near-term outlook that includes an expected Q1 EBITDA decline temper near-term upside. Overall the positives (North America performance, cash flow, cost savings, shareholder returns and strategic actions) outweigh the negatives, but with meaningful execution and macro risks to monitor.

Company Guidance

For fiscal 2027 Lamb Weston guided net sales flat to up 1% versus a 52‑week FY26 base of $6.5 billion, adjusted operating income of $720–800 million, adjusted EBITDA $1.1–1.2 billion (vs. $1.13 billion on a 52‑week basis in FY26), adjusted EPS $2.95–3.25 (vs. FY26 $2.90), diluted shares 137.5–139.0 million, interest expense ≈ $190 million, and an effective tax rate of 25.5%–27.5%; cash used for capital expenditures is expected to be ~$380–410 million (accrual basis investments up to $350 million), operating cash flow $750–800 million, net debt $3.8 billion with net debt/adjusted EBITDA 3.4x and ~$1.3 billion available on the revolving facility, and a quarterly dividend of $0.38 per share payable Sept. 4; segment and cadence guidance includes North America comparable net sales flat to up low‑single digits with low‑single digit volume growth and low‑single digit price/mix decline and North America EBITDA flat to up low‑single digits, International top line down low‑single digits with price/mix investment low‑to‑mid single digits and low‑single digit volume growth, International EBITDA improving ~40%–50% as it laps ~$33 million of prior pre‑tax charges, Q1 net sales flat with EBITDA declining in the low‑teens, and continued SG&A reductions and ongoing cost‑savings programs factored into the outlook.

Sustained Volume Growth

Six consecutive quarters of volume growth; company Q4 sales volume +7% and full year sales volume +7%. North America Q4 sales volume +11% and full year North America sales volume +9%.

North America Recovery and Margin Expansion

North America delivered strong performance: Q4 net sales +9%, price/mix only -2% in Q4, and full-year segment EBITDA margin ended at 26%. North America adjusted EBITDA dollars grew 17% (≈$45M) in Q4 and drove the company's Q4 performance.

Exceeded First-Year Cost Savings Milestone

Launched program targeting $250M annualized by FY28; after year 1 the company exceeded the first-year milestone of $100M in annualized run-rate savings, lowering manufacturing cost per pound and SG&A.

Strong Cash Generation and Improved Capital Discipline

Fiscal 26 operating cash flow $943M (up $75M YoY); capital expenditures reduced to $410M (down >$240M YoY); free cash flow $537M. Liquidity ~ $1.3B available on revolver; net debt $3.8B and net debt / adjusted EBITDA ~3.4x.

Return of Capital to Shareholders

Returned $321M to shareholders in FY26 (dividends $208M; share repurchases $113M with $63M repurchased in Q4). Announced quarterly dividend of $0.38 per share. Management noted total returns since IPO > $2.2B.

Strategic Investments and Footprint Optimization

Opened a new state-of-the-art plant in Mar del Plata, Argentina (consolidated older facility) and continued ramp at Inner Mongolia facility in China; these facilities have driven double-digit net sales growth in relevant markets and improved utilization.

Clear Operational and Leadership Actions

New Executive Chair invested materially in shares and tied compensation to stock performance; added CFO and Chief Strategy & Technology Officer; initiatives to embed performance culture, KPIs (ROIC and FCF), and a Focus2Win strategy driving customer partnerships and execution.

MX:LW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 06, 2026	2027 (Q1)	10.69 / -	13.452	―
Jul 24, 2026	2026 (Q4)	11.38 / 15.82	15.815	0.00% (0.00)
Apr 01, 2026	2026 (Q3)	11.14 / 13.09	19.996	-34.55% (-6.91)
Dec 19, 2025	2026 (Q2)	11.71 / 12.54	11.998	4.55% (+0.55)
Sep 30, 2025	2026 (Q1)	9.91 / 13.45	13.27	1.37% (+0.18)
Jul 23, 2025	2025 (Q4)	11.43 / 15.82	14.179	11.54% (+1.64)
Apr 03, 2025	2025 (Q3)	15.63 / 20.00	21.814	-8.33% (-1.82)
Dec 19, 2024	2025 (Q2)	18.31 / 12.00	26.358	-54.48% (-14.36)
Oct 01, 2024	2025 (Q1)	13.07 / 13.27	29.63	-55.21% (-16.36)
Jul 24, 2024	2024 (Q4)	22.87 / 14.18	22.177	-36.07% (-8.00)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed