Lamb Weston (LW) reported fiscal Q1 adjusted earnings Tuesday of $0.75 per diluted share, up from $0.74 a year earlier.
Analysts polled by FactSet expected $0.59.
Net sales for the quarter ended Aug. 30 were $1.67 billion, up from $1.66 billion a year earlier.
Analysts expected $1.65 billion.
For fiscal 2027, the company expects adjusted earnings of $3.05 to $3.35 per diluted share, compared with its prior guidance of $2.95 to $3.25. Analysts are looking for $3.
Net sales for the full year are now expected to grow in the low single digits, compared with its earlier guidance of flat to 1% growth.
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