Lamb Weston is upgraded to a buy, anticipating stronger margins in fiscal 2027 as temporary headwinds abate. Palm oil tariff eliminations and reduced capital spending should lower costs, supporting margin expansion and freeing up cash for buybacks. Starboard Value's activism targets SG&A reductions and potential divestiture of low-margin international assets, though management remains non-committal.

Explore Lamb Weston's (LW) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.

Watching Campbell's drift toward the edge of the S&P 500 is a reminder that investors can't rely on history or brand strength alone. Cases like Lamb Weston show that these declines unfold slowly.

Lamb Weston NYSE: LW, the king of frozen potatoes for both residential and commercial markets, scored a double beat in its Q3 FY2026 earnings report on April 1.

Lamb Weston (NYSE: LW) executives told investors the company delivered its "fifth quarter in a row of in line or better results" in fiscal third-quarter 2026, driven by strong momentum in North America while international markets faced pressure from oversupply in Europe and softer restaurant traffic. President and CEO Mike Smith said the quarter's performance supported

Lamb Weston Holdings, Inc. (NYSE: LW) on Wednesday posted stronger-than-expected earnings and revenue for the third quarter.

Conagra Brands (NYSE: CAG), Cal-Maine Foods (NASDAQ: CALM), and Lamb Weston (NYSE: LW) all reported Q3 FY2026 earnings on April 1, 2026, and Wall Street's verdict is split: Cal-Maine is the relative bright spot, Lamb Weston faces genuine skepticism despite a headline beat, and Conagra sits under direct analyst pressure with a price target below current trading levels.

Lamb Weston Holdings, Inc. (LW) Q3 2026 Earnings Call Transcript

Lamb Weston Holdings, Inc. is navigating a turnaround, leveraging its North America strength while addressing international headwinds and cost pressures. Q3 showed mixed results: strong 12% North America volume growth offset by international weakness, leading to a 63% net income decline and 37% drop in adjusted EPS. Management is executing cost controls, consolidating production, and reducing capex, signaling a shift from growth spending to cash flow focus.

Lamb Weston is upgraded to "Buy" as valuation now reflects challenging fundamentals and offers ~15% upside from current levels. Margin pressure persists from consumer trade-down, weak overseas demand, and negative mix shifts, but lower potato costs should support improvement later this year. Free cash flow for FY24 is expected at $300–$375 million, with a secure 3.6% dividend yield and capex trimmed by $100 million to $400 million.