Lamb Weston earnings for the first quarter of fiscal 2027 show an important contrast: sales increased, reported profit fell sharply, and management raised its full-year outlook. In its October 6, 2026 release, the company reported $1.67 billion in net sales, up 1%, and $29 million in net income, down 55%. These are the company’s rounded figures.

Lamb Weston earnings: reported and adjusted profit differ

The quarter covered 13 weeks ended August 30, 2026. Reported diluted earnings per share fell to $0.21 from $0.46, a 54% decline. The net-income decline and the per-share decline are different percentages; neither should be substituted for the other.

Adjusted net income was $103 million, broadly unchanged from a year earlier. Adjusted diluted earnings per share rose 1% to $0.75 from $0.74. Adjusted EBITDA fell 5% to $286 million. EBITDA means earnings before interest, taxes, depreciation and amortisation; the company’s adjusted version also makes specified exclusions.

CapKet explanation: Reported profit follows the financial reporting framework. An adjusted measure excludes items that the company identifies in its reconciliation. It can help explain a comparison, but it does not replace reported net income, and different businesses may calculate their adjusted measures differently. Read the reconciliation before treating a steadier adjusted result as proof that reported profitability did not deteriorate.

North America and international operations moved differently

North American net sales rose 5% to $1.141 billion. The company reported 7% volume growth and a 2% decline in price/mix for that segment. International net sales fell 8% to $529 million, with volume down 6% and price/mix down 2%. Price/mix reflects pricing and the composition of sales, rather than a single quoted product price.

The segment differences matter because a consolidated sales total can conceal contrasting operating conditions. International segment adjusted EBITDA fell 54% to $27 million, while North America’s rose 11% to $287 million. Those segment figures are not the same as consolidated net profit.

What changed in the FY2027 outlook

Lamb Weston now expects low-single-digit sales growth, compared with its previous 0–1% range. It raised adjusted EBITDA guidance to $1.125–$1.215 billion from $1.10–$1.20 billion, and adjusted diluted earnings-per-share guidance to $3.05–$3.35 from $2.95–$3.25. Capital expenditure guidance remained $380–$410 million.

These are company expectations for the full year, not results already achieved or a CapKet forecast. Operating cash flow in the quarter was $235 million, compared with $352 million a year earlier. Readers assessing performance should keep cash generation alongside profit and guidance, rather than relying on one headline metric.

For a separate example of an earnings comparison, see our Nike quarterly-results report. Its figures concern another issuer and are not evidence for Lamb Weston.

Primary evidence checked October 6, 2026 at 20:26 IST: Lamb Weston’s official fiscal Q1 2027 results and the linked results PDF, which represent one announcement. No current stock-price movement or Google/X trend ranking was verified.