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.
You may also like
BAE Systems wins Lockheed Martin contract to supply electronic warfare systems for F-35 jets
BAE Systems won a Lockheed Martin contract to supply electronic warfare systems for F-35 Lightning II fighter jets. Order covers production deliveries for F-35 Lots 20-22. Deal also includes retrofit systems to modernize older aircraft in the global F-35 fleet. BAE Systems has delivered more than 1,500 F-35 electronic warfare systems to date. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BAE Systems plc published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610061000PR_NEWS_USPR_____NE64821) on October 06, 2026, and is solely responsible for the information contained therein.
BUZZ-AMC shares rise after completing $3.97 billion debt refinancing
On October 6, cinema chain AMC Entertainment (AMC.N) shares rose 3.5% to $2.89. AMC completed a $3.97 billions refinancing, covering about 97% of its debt. The transaction extends the maturity dates of nearly all its debt to October 2031 and October 2033, and reduces its capital costs. The company repaid its existing term loans and refinanced debt maturing in 2029, thereby simplifying its capital structure. AMC’s new loan structure includes $2 billions of first-lien notes maturing in 2031, $850 millions of first-lien term loans, and $1.12 billions of second-lien loans from the Deutsche Bank’s Special Situations Group. Proceeds from the deal will be used to repay several debts maturing in 2029 and 2027, as well as to provide loans to its subsidiary Odeon Finco. AMC has reported annual net losses every year since 2018, which has compounded its heavy debt burden and financing costs. As of the last trading day’s close, AMC shares have increased 83.65% so far this year.
Morgan Stanley: Space is the "ultimate backyard" for computing power, maintains "Overweight" rating on SpaceX (SPCX.US)
Morgan Stanley maintains an "Overweight" rating on SpaceX with a target price of $300, stating that space is the ultimate scenario for AI computing power and that the renaming to SpaceXSI reflects ambitions for superintelligence.
Japanese Yen: Range trade holds against US Dollar as Fed path questioned – Rabobank
Crypto prices
More
