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Carnival Cruise - Carnival Cruise reported a mixed quarter with adjusted EPS of 34 cents, exceeding expectations of 25 cents per share [1][2] - Revenue for the quarter was $6.33 billion, slightly below the expected $6.36 billion, but annual revenue reached an all-time high of over $26.5 billion, marking the best year in the company's history [2] - Demand remains strong as consumers are willing to pay higher prices for cruises, with 2026 bookings already matching 2025's record levels [3][4] - The company is improving profitability per passenger while keeping expenses in check, with enhanced fuel efficiency contributing to lower costs [5] - Carnival's balance sheet has improved, with reduced debt leading to a stronger financial position and lower borrowing costs, now considered investment grade by credit rating agencies [6][7] KB Home - KB Home faced challenges in the housing sector, with shares down 6% despite beating expectations with adjusted EPS of $1.92 against a forecast of $1.79 [9] - Revenue was reported at $1.7 billion, exceeding the expected $1.66 billion, but profits and volumes are significantly lower than the previous year due to higher mortgage rates and affordability pressures [10] - The company anticipates 2026 housing revenue to be between $5.6 billion and $6.1 billion, aligning with Wall Street estimates, but acknowledges ongoing challenges in consumer confidence and market conditions [11][12] Lamb Weston - Lamb Weston reported adjusted EPS of 69 cents, better than expected, but revenue of $1.62 billion showed only a 1% year-over-year increase [14] - The company is experiencing margin pressure and pricing challenges, with lower prices offsetting volume gains and rising input costs squeezing profitability [15] - Management is attempting to cut prices to maintain market share in North America, but this strategy is impacting near-term profitability [15][16]

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]

Core Viewpoint - Lamb Weston Holdings, Inc. reported a significant turnaround in its financial performance for the second quarter of fiscal 2026, achieving a net income compared to a net loss in the previous year [1]. Financial Performance - The company reported a net income of $62.1 million, or $0.44 per share, compared to a net loss of $36.1 million, or $0.25 per share, from the same quarter last year [1]. - On an adjusted basis, net income was $96.7 million, or $0.69 per share, down from $104.9 million, or $0.73 per share, in the prior year [1][2]. - Net sales increased to $1.618 billion from $1.600 billion in the previous year [3]. Future Outlook - The company expects net sales for fiscal year 2026 to be between $6.35 billion and $6.55 billion [3]. - Analysts anticipate average net sales of $6.52 billion for the full year [3].

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]

Eagle, Idaho-based Lamb Weston Holdings, Inc. (LW) is a food processing company that specializes in frozen potato products. Valued at a market cap of $8.3 billion, the company is one of the world’s largest producers and distributors of frozen french fries and other value-added potato products, serving restaurants, quick-service chains, foodservice operators, and retail customers.  It is scheduled to announce its fiscal Q2 earnings for 2026 before the market opens on Friday, Dec. 19. Before this event, an ...