Lamb Weston
Produces frozen potato products for foodservice, retail, and international customers.
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Profile
Produces, distributes, and markets frozen potato products, with French fries comprising most of the portfolio. North America and International segments serve foodservice, retail, and overseas customers.
Frozen potato products, especially French fries, are produced, distributed, and marketed for foodservice, retail, and international customers. The North America and International segments supply customers in more than 100 countries.
Product processing is aligned with restaurant back-of-house needs and customer partnerships. North America covers the United States, Canada, and Mexico, while International covers other markets; the former European joint venture became a consolidated business after the remaining interests were acquired. French fries comprise most of the portfolio, and demand relative to supply for frozen potato products and the manufacturing footprint shape the business.
Company facts
Categories
Key statistics
Year to date +30.0% · Average volume (30d) 1.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 28, 2026 | Stephens | Reiterate | Positive | $55 | |
| Jul 28, 2026 | Bernstein | Reiterate | Market Perform | $46 | $57 |
| Jul 27, 2026 | Deutsche Bank | Reiterate | Hold | $49 | $52 |
| Jul 27, 2026 | Wells Fargo | Reiterate | Overweight | $54 | $57 |
| Jul 27, 2026 | Stifel Nicolaus | Target | $50 | $52 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 24, 2026Q4 FY26 | $0.63 | $0.87 | +39.0% | $1.70B | $1.77B | +4.3% | +7.12% |
| Apr 1, 2026Q3 FY26 | $0.63 | $0.72 | +15.0% | $1.50B | $1.56B | +4.6% | +2.26% |
| Dec 19, 2025Q2 FY26 | $0.64 | $0.69 | +7.1% | $1.59B | $1.62B | +1.7% | −2.59% |
| Sep 30, 2025Q1 FY26 | $0.55 | $0.74 | +35.8% | $1.62B | $1.66B | +2.6% | +6.77% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.52B | $1.68B | $1.66B | $1.62B | $1.56B | $1.77B | |
| Gross profit | $422.5M | $342.3M | $342.4M | $324.3M | $331.6M | $361.4M | |
| Operating income | $248.7M | $185.8M | $156.5M | $139.2M | $126.6M | $168.8M | |
| Net income | $146.0M | $119.9M | $64.3M | $62.1M | $54.0M | $109.6M | |
| Diluted EPS | $1.03 | $0.85 | $0.46 | $0.44 | $0.39 | $0.79 | |
| Gross margin | 27.8% | 20.4% | 20.6% | 20.0% | 21.2% | 20.4% | |
| Operating margin | 16.4% | 11.1% | 9.4% | 8.6% | 8.1% | 9.5% |
Fiscal years (4-quarter sums)FY22 $4.10B · FY23 $5.35B · FY24 $6.47B · FY25 $6.45B · FY26 $6.61B
Revenue by product · Q4 FY26
Revenue by geography · Q4 FY26
Balance sheet, May 31, 2026Cash & short-term investments $68.2M · Total debt $3.94B · Total assets $7.38B · Shareholders' equity $1.82B
Dividends
Raised for 8 straight years — most recently to $0.38 from $0.37 in Jan 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 7, 2026 | Aug 7 | Sep 4 | $0.38 | |
| May 8, 2026 | May 8 | Jun 5 | $0.38 | |
| Jan 30, 2026 | Jan 30 | Feb 27 | $0.38 | raised from $0.37 |
| Oct 31, 2025 | Oct 31 | Nov 28 | $0.37 | |
| Aug 1, 2025 | Aug 1 | Aug 29 | $0.37 | |
| May 2, 2025 | May 2 | May 30 | $0.37 | |
| Jan 31, 2025 | Jan 31 | Feb 28 | $0.37 | raised from $0.36 |
| Nov 1, 2024 | Nov 1 | Nov 29 | $0.36 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 137.48M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 16.91M | 12.30% | 13F | Aug 7, 2026 |
| T. Rowe Price Associates, Inc. | 9.82M | 7.10% | 13G | Feb 17, 2026 |
| Price T Rowe Associates Inc /MD/ | 9.17M | 6.67% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 8.04M | 5.85% | 13F | Aug 13, 2026 |
| JPMorgan Chase & Co | 7.11M | 5.18% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 11, 2026 | James D. Gray | officer: Chief Financial Officer | +10,000 | $40.92 |
| Apr 27, 2026 | James D. Gray | officer: Chief Financial Officer | +4,556 | $43.85 |
| Apr 13, 2026 | JANA Partners Management, LP | director, other: See Remarks | +100,000 | $42.12 |
| Apr 15, 2026 | JANA Partners Management, LP | director, other: See Remarks | +50,000 | $43.19 |
| Apr 7, 2026 | JANA Partners Management, LP | director, other: See Remarks | +136,000 | $40.89 |
Peers
- Kraft Heinz
U.S. retail frozen potatoes through Ore-Ida
- Nomad Foods
European frozen-potato retail through Belviva and related brands
- Conagra Brands
U.S. retail frozen potato and sweet-potato sides through Alexia
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Lamb Weston | $54.98 | +0.04% | $7.56B | 26.4 | 18.8 | 1.1 | +5.6% |
| Kraft Heinz | $25.72 | +0.13% | $30.47B | — | 12.9 | 1.2 | −1.4% |
| Nomad Foods | $11.88 | +0.04% | $1.66B | 11.7 | 6.7 | 0.5 | −6.0% |
| Conagra Brands | $16.05 | −0.22% | $7.70B | — | 10.7 | 0.7 | +3.6% |
| Median | 11.7 | 10.7 | 0.7 | −1.4% |