Lamb Weston (LW) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +2.99%. A quarter ago, it was expected that this frozen foods supplier would post earnings of $0.54 per share when it actually produced earnings of $0.74, delivering a surprise of +37.04%.Over the last four quarters, the ...

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We continue to take a look at a lot of the movers this morning. Diane King Hall joins me and we're taking a look here first at Carnival Cruise. Good morning. Good morning to you, Nicole.So this morning with its results, Carnival's results coming about 15 minutes ago. It was a mixed picture for the quarter. They did have a strong year.Let's go through the trailing quarter. Adjusted EPS coming in at 34 cents a share. Much better than expected.The street was just looking for 25 cents per share. Uh revenue came ...

Financial Performance & Outlook - Lamb Weston's Q2 2026 net sales increased by 1% compared to Q2 2025, which includes a favorable foreign currency impact of $24 million[28, 30] - North America net sales were flat, with volume up by 8% but price/mix down by 8%[30, 31] - International net sales increased by 4%, but decreased by 1% on a constant currency basis, with volume up by 7% and price/mix down by 8%[31] - Adjusted EBITDA decreased by $9 million, while adjusted gross profit decreased by $16 million[32] - The company reaffirms its fiscal year 2026 outlook, projecting net sales between $635 billion and $655 billion, and adjusted EBITDA between $1 billion and $12 billion[47] Cash Flow & Capital Allocation - The company has approximately $83 million in cash and cash equivalents, and $135 billion available under its revolving credit facility[39] - Net cash provided by operating activities for the first half of fiscal year 2026 was approximately $530 million, with capital expenditures of $156 million[39] - Free cash flow was $375 million, and the company returned $92 million to shareholders through dividends ($52 million) and share repurchases ($40 million)[39] - The board authorized a 3% increase in the quarterly dividend[9, 46] Strategic Initiatives - The company is executing its "Focus to Win" strategy, which includes a cost savings program expected to yield $100 million in savings in fiscal year 2026 and $250 million by the end of fiscal year 2028[9, 19] - Lamb Weston is optimizing its global supply chain, including restarting curtailed production in North America to meet higher demand[9, 15]

Core Insights - Lamb Weston reported a profit in its latest quarter, indicating a positive shift in financial performance as revenue increased [1] Financial Performance - The company experienced a rise in revenue, contributing to its profitability in the recent quarter [1]

Lamb Weston Holdings, Inc. (LW), Friday announced its results for the second quarter of fiscal 2026, reporting a net income of $62.1 million, or $0.44 a share, compared with a net loss of $36.1 million, or $0.25 a share, last year.In the pre-market hours, LW is moving down 13.72 percent, to $51.20 on the New York Stock Exchange.On adjusted basis, net income amounted to $96.7 million, or $0.69 per share, compared to $104.9 million, or $0.73 per share, in the prior year.Analysts, on average, estimated earnin ...

Financial Performance - Net sales for Q2 2026 were $1,618.1 million, a 1% increase year-over-year, with an 8% volume growth offset by an 8% decline in price/mix [2]. - Income from operations surged to $139.2 million, reflecting a 652% increase compared to the prior year quarter [2]. - Net income reached $62.1 million, a significant increase from a net loss of $36.1 million in the prior year quarter [2]. - Diluted EPS for Q2 2026 was $0.44, compared to a diluted loss per share of $0.25 in the prior year quarter [2]. - Net income for the thirteen weeks ended November 23, 2025, was $62.1 million, compared to a net loss of $36.1 million in the same period last year, marking a significant turnaround [26]. - Earnings per share (EPS) for the thirteen weeks ended November 23, 2025, were $0.45, compared to a loss of $0.25 per share in the prior year [26]. - Net income for the twenty-six weeks ended November 23, 2025, was $126.4 million, an increase of 38.5% compared to $91.3 million for the same period in 2024 [35]. - The total adjustments for the thirteen weeks ended November 23, 2025, amounted to $43.6 million, leading to an adjusted net income of $96.7 million and an adjusted EPS of $0.69 [43]. Sales and Revenue Segments - The North America segment reported net sales of $1,069.5 million, with an 8% increase in volume but an 8% decline in price/mix [7]. - International segment net sales increased by 4% to $548.6 million, with a 7% volume growth driven by Asia [8]. - Segment net sales for North America for the thirteen weeks ended November 23, 2025, were $1,069.5 million, a decrease of 0.1% compared to $1,072.1 million in 2024 [37]. - International segment net sales increased by 4% to $548.6 million for the same period, compared to $528.8 million in 2024 [37]. Guidance and Projections - The company reaffirmed its fiscal 2026 guidance, projecting net sales between $6.35 billion and $6.55 billion [14]. Cash Flow and Capital Expenditures - Net cash provided by operating activities increased by $101.1 million to $530.4 million compared to the prior year [10]. - Capital expenditures for the first half of fiscal 2026 were $155.7 million, down $330.7 million from the prior year period [11]. - Cash flows from operating activities for the twenty-six weeks ended November 23, 2025, were $530.4 million, up from $429.3 million in 2024 [35]. - The company reported a net cash increase of $12.0 million in cash and cash equivalents, ending the period with $82.7 million [35]. Dividends and Shareholder Returns - The board authorized a 3% increase in the quarterly dividend to $0.38 per share, payable on February 27, 2026 [13]. - The company declared dividends of $0.37 per common share for the thirteen weeks ended November 23, 2025, slightly up from $0.36 in the same period last year [26]. - The company repurchased common stock totaling $59.1 million during the period, compared to $92.8 million in the previous year [35]. Expenses and Charges - The restructuring expense for the thirteen weeks ended November 23, 2025, was $14.1 million, significantly lower than $74.6 million in the same period of 2024 [26]. - The company incurred total pre-tax cash charges of $46.0 million related to the Cost Savings Program and Restructuring Plan for the twenty-six weeks ended November 23, 2025 [27]. - The company incurred $46.4 million in restructuring expenses during the twenty-six weeks ended November 23, 2025, impacting overall profitability [44]. - Stock-based compensation expenses for the thirteen weeks ended November 23, 2025, were $9.5 million, compared to $12.3 million in the same period of 2024 [49]. Assets and Liabilities - Total current assets decreased slightly to $2,011.0 million from $2,032.7 million, with cash and cash equivalents increasing to $82.7 million from $70.7 million [33]. - Total liabilities decreased to $5,577.6 million from $5,654.9 million, with long-term debt remaining relatively stable at $3,648.9 million [33]. - The total stockholders' equity increased to $1,754.4 million from $1,737.7 million, reflecting a positive trend in retained earnings [33]. Other Financial Metrics - Gross profit for the thirteen weeks ended November 23, 2025, was $324.3 million, up from $277.8 million in the prior year, reflecting a 16.7% increase [26]. - Adjusted EBITDA for North America increased by 7% to $287.8 million, while the international segment saw a significant decline of 44% to $27.2 million [37]. - Adjusted EBITDA for the twenty-six weeks ended November 23, 2025, was $587.8 million, slightly down from $593.6 million in the same period of 2024 [48]. - The company achieved a gross profit of $666.7 million for the twenty-six weeks ended November 23, 2025, representing an increase from $633.8 million in the prior year [44]. Foreign Currency and Derivative Losses - The company experienced foreign currency exchange losses of $6.8 million for the thirteen weeks ended November 23, 2025, compared to $9.6 million in the same period last year [31]. - Foreign currency exchange losses for the twenty-six weeks ended November 23, 2025, were $2.1 million, a decrease from $10.2 million in the same period of 2024 [49]. - The company experienced unrealized derivative losses of $12.1 million for the thirteen weeks ended November 23, 2025, compared to gains of $3.0 million in the same period of 2024 [49]. Corporate Structure and Investments - Lamb Weston holds a 50 percent equity interest in the U.S. potato processing joint venture, Lamb Weston RDO [50]. - Depreciation and amortization related to equity method investments was $2.2 million for the thirteen weeks ended November 23, 2025, compared to $2.0 million for the same period in 2024 [51]. - For the twenty-six weeks ended November 23, 2025, depreciation and amortization related to equity method investments was $4.4 million, up from $4.1 million in 2024 [51]. - Unallocated corporate costs include expenses related to administrative, IT, HR, finance, and accounting functions not specifically allocated to operating segments [52]. - The reconciliation of net income to Adjusted EBITDA includes adjustments for unrealized derivative gains and losses, foreign currency exchange gains and losses, and stock-based compensation [52].

EAGLE, Idaho--(BUSINESS WIRE)--Lamb Weston Holdings, Inc. (NYSE: LW) announced today its results for the second quarter of fiscal 2026 and updated its full year financial targets for fiscal 2026. Summary of Second Quarter FY 2026 Results ($ in millions, except per share) Â Â Q2 2026 Â Year-Over-Year Growth Rates YTD 2026 Year-Over-Year Growth Rates Net sales $ 1.618.1 1 % $ 3.277.3 1 % Income from operations $ 139.2 Â 652 % Â $ 295.7 Â 28 % Net income $ 62.1 Â 272 % Â $ 126.4 Â 38 % D. ...

Lamb Weston Holdings, Inc. (NYSE:LW) will release earnings results for its second quarter before the opening bell on Friday, Dec. 19.Analysts expect the Eagle, Idaho-based company to report quarterly earnings at 65 cents per share, down from 66 cents per share in the year-ago period. The consensus estimate for Lamb Weston's quarterly revenue is $1.59 billion. Last year, it reported $1.6 billion in revenue, according to Benzinga Pro.On Sept. 30, Lamb Weston posted first-quarter fiscal 2026 net sales of $1.66 ...

Core Insights - Lamb Weston Holdings, Inc. is set to release its second-quarter earnings results on December 19, with analysts expecting earnings of 65 cents per share, a slight decrease from 66 cents per share in the same period last year [1] - The consensus estimate for quarterly revenue is $1.59 billion, down from $1.6 billion reported last year [1] Financial Performance - For the first quarter of fiscal 2026, Lamb Weston reported net sales of $1.66 billion, a slight increase from $1.65 billion a year earlier and exceeding the estimate of $1.62 billion [2] - Shares of Lamb Weston closed at $59.33, reflecting a 0.2% decline [2] Analyst Ratings - B of A Securities analyst maintained a Neutral rating and raised the price target from $60 to $66 [4] - Stifel analyst maintained a Hold rating and reduced the price target from $63 to $56 [4] - Jefferies analyst maintained a Buy rating but lowered the price target from $80 to $75 [4] - Barclays analyst maintained an Overweight rating and cut the price target from $87 to $69 [4]