Lamb Weston(US:LW)2025-09-30 14:00Financial Performance - Net sales were $1659 million, flat compared to Q1 F25, but down 1% at constant currency[14, 26] - Adjusted diluted EPS was $074, a decrease of 5% compared to Q1 F25[14] - Adjusted EBITDA increased by 1% to $302 million[14, 15] - Free cash flow was $273 million[14] Volume and Pricing - Overall volume increased by 6%[15] - Price/mix decreased by 7% in constant currency[15] - North America volume increased by 5%, while price/mix decreased by 7%[28] - International volume increased by 6%, while price/mix decreased by 6% in constant currency[28] Strategic Initiatives and Outlook - The company is implementing "Focus to Win" program, including a Cost Savings Program[11] - Capital expenditures for FY26 are forecasted to be approximately $500 million[40] - The company reaffirms its fiscal 2026 outlook, with net sales projected between $635 billion and $655 billion, and adjusted EBITDA between $10 billion and $12 billion[11, 47] Cash Flow and Capital Allocation - The company has approximately $99 million in cash and equivalents and $13 billion available under its revolving credit facility[39] - Net debt is approximately $39 billion, with a net debt to adjusted EBITDA leverage ratio of 31x[39] - The company returned $62 million to shareholders, including $52 million in dividends and $10 million in share repurchases[40]