Frozen French fries producer Lamb Weston raises annual performance forecast due to strong demand.
路透社2026/10/06 13:02Reuters, October 6 - Lamb Weston (LW.N) raised its annual sales and profit forecasts on Tuesday, basing this decision on robust expected demand from its key clients—fast food restaurants—for its frozen potato products. As inflationary pressures intensify and household budgets become increasingly constrained, consumer demand continues to rise for lower-priced menu items such as fries at restaurants. Details are as follows: Lamb Weston expects fiscal 2027 revenue to achieve low single-digit growth, compared to its previous forecast of flat to 1% growth. According to data compiled by LSEG, analysts had previously expected revenue to decline by 1.5%. The company raised its adjusted annual earnings per share forecast to $3.05–$3.35, up from its prior range of $2.95–$3.25. Its adjusted earnings per share for the first quarter were $0.75, exceeding the analysts’ average estimate of $0.59 per share. Quarterly revenue rose 1% year-on-year to $1.67 billion, surpassing the expected $1.65 billion. Lamb Weston’s clients include fast-food operators such as McDonald’s (MCD.N). The company stated it is facing unexpected inflationary pressures in raw material and transportation costs, and plans to address these challenges through cooperation with suppliers and hedging activities. Shares of the fries manufacturer have risen about 6% this year and were up roughly 4% in pre-market trading following the earnings release. (For the convenience of non-native English speakers, Reuters has provided an automated translation of this report into several other languages. As automated translations may contain errors or lack the necessary context, Reuters does not guarantee the accuracy of the automated text and provides it only for readers’ convenience. Reuters assumes no responsibility for any harm or loss arising from the use of automated translation.)
Reuters, October 6 - Lamb Weston LW.N raised its annual sales and profit forecast on Tuesday, based on expectations of strong demand for its frozen potato products from its main customers—fast food restaurants.
With inflationary pressures mounting and household budgets becoming increasingly tight, consumer demand for lower-priced restaurant menu items like fries continues to rise.
Details are as follows:
Lamb Weston expects low single-digit revenue growth in fiscal year 2027, compared to its previous forecast of flat to 1% growth. According to data compiled by LSEG, analysts previously expected revenue to decline by 1.5%.
The company raised its annual adjusted earnings per share forecast to $3.05 to $3.35, above its prior expectation of $2.95 to $3.25.
Its first-quarter adjusted earnings per share were $0.75, higher than the analyst average expectation of $0.59 per share.
Quarterly revenue rose by 1% year-on-year, reaching $1.67 billion, above the expected $1.65 billion.
Lamb Weston’s clients include fast food operators such as McDonald’s (MCD.N). The company stated it faces unexpected inflationary pressures in the cost of raw materials and transportation and plans to respond through collaboration with suppliers and hedging strategies.
The share price of this fries manufacturer has risen about 6% this year and climbed about 4% in pre-market trading after its earnings announcement.
(For the convenience of non-native English speakers, Reuters provides automated translations of its reports into several other languages. Because automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of automated translation texts and provides them only for the convenience of readers. Reuters assumes no liability for any harm or loss caused by use of the automated translation feature.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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