Lamb Weston Holdings, Inc. (NYSE: LW) shares are trading higher, reporting fourth-quarter adjusted earnings per share of 87 cents, beating analyst estimates. Quarterly sales of $1.675 billion (+4% year over year) exceeded expectations. Volume increased by 8%, with North America segment sales at $1.103 billion and International segment sales at $572.7 million.

The company’s adjusted gross profit declined due to unfavorable price/mix, but adjusted EBITDA increased. Lamb Weston plans to secure $250 million in savings through cost-cutting measures. The company’s current debt and financing obligations have increased. The company forecasts FY2026 sales of $6.35 billion to $6.55 billion.

Lamb Weston shares are up by 17.25% to $57.65. The company’s strategic plan aims to enhance profitability and cash flow. The company aims to achieve $200 million in annualized efficiencies and $120 million in working capital improvements by the end of fiscal 2027.

Read more at Yahoo Finance: Why Lamb Weston Stock Soars Wednesday