Lamb Weston Holdings, Inc. reported solid second-quarter fiscal 2026 results, with net sales beating estimates at $1,618.1 million. Adjusted earnings per share were 69 cents, exceeding the consensus of 67 cents. However, earnings decreased by 5% due to lower adjusted gross profit and increased SG&A expenses. Adjusted EBITDA also fell by $8.5 million year over year.

In terms of segment performance, North America saw flat net sales of $1,069.5 million with an 8% volume increase and an 8% decrease in price/mix. The International segment achieved a 4% increase in net sales to $548.6 million but saw a 1% decrease at constant currency. Adjusted EBITDA for the International segment decreased by $21.4 million to $27.2 million.

Lamb Weston ended the quarter with cash and cash equivalents of $82.7 million, long-term debt of $3,648.9 million, and total shareholders’ equity of $1,754.4 million. The company generated $530.4 million in net cash from operating activities for the 26 weeks ending Nov. 23, 2025. Additionally, Lamb Weston returned $51.6 million to shareholders through dividends and repurchased $39.6 million of common stock in the second quarter.

Looking ahead, Lamb Weston expects net sales between $6.35 billion to $6.55 billion and adjusted EBITDA of $1.00 billion to $1.20 billion for fiscal year 2026. The company also approved a 3% increase in the quarterly dividend, now set at 38 cents per share. Shares of Lamb Weston have gained 7.2% in the past three months.

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Read more at Nasdaq: Lamb Weston’s Q2 Earnings Beat Estimates, Sales Rise Y/Y