Lamb Weston Holdings (LW) Earnings: Q1 Fiscal 2027 Results and Next Report Date

The quarter ended August 30, 2026 and Lamb Weston published the results on October 6, 2026. Revenue and diluted EPS are shown against Q1 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Lamb Weston reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Fiscal 2026 had 53 weeks, so the Q4 fiscal 2026 row in the history table covers 14 weeks. Lamb Weston said the 53rd week added $127.1 million to fiscal 2026 net sales.
• Adjusted EPS excludes unrealized derivative gains and losses, foreign currency gains and losses, stock-based compensation, Cost Savings Program and restructuring expenses, and accruals for legal proceedings and other claims.

Source: Lamb Weston Q1 fiscal 2027 results, October 6, 2026. Also in the Form 10-Q for the quarter ended August 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Lamb Weston splits revenue in its own release, under its own labels, for Q1 fiscal 2027 against Q1 fiscal 2026. Indented lines are parts of the line above them.

• Lamb Weston's North America revenue was $1.1 billion in Q1 fiscal 2027, up 5% from $1.1 billion in Q1 fiscal 2026, 68% of total revenue.
• Lamb Weston's International revenue was $529 million in Q1 fiscal 2027, down 8% from $575 million in Q1 fiscal 2026, 32% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q1 fiscal 2027 release, Lamb Weston said:

“Increases Full-Year 2027 Outlook for Net Sales, Adjusted Diluted EPS and Adjusted EBITDA”

“Interest expense, net of approximately $185 million to $190 million”

“Diluted outstanding common shares in the range of 137.5 million to 139.0 million”

“Net cash provided by operating activities of $750 million to $800 million”

Source: Lamb Weston Q1 FY27 release, Oct 6, 2026.

This is the company's own guidance as of Oct 6, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the LW forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Net sales and GAAP diluted EPS, each as first reported in that quarter's release. Q4 fiscal 2026 was a 14-week quarter.

Lamb Weston's next report is expected around December 17, 2026, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q1 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q1 fiscal 2027 (this page), reported Oct 6, 2026

Lamb Weston reports two segments. In Q1 fiscal 2027 North America contributed $1,141.4 million of the $1,670.3 million total and International $528.9 million. Net sales rose 0.7%: volume added 2.2% and currency 0.3%, while price/mix took away 1.8%. (Lamb Weston Q1 FY27 release, Oct 6, 2026)

North America, which covers sales in the United States, Canada and Mexico, grew 5% to $1,141.4 million. Volume rose 7%, the seventh consecutive quarter of volume growth, which Lamb Weston put down to higher demand from existing customers and customer wins. Price/mix fell 2% on price and trade support for customers and a continued shift toward faster-growing chain customers and private-label products, which the 10-Q says generally carry lower margins than other channels. (Lamb Weston Q1 FY27 release, Oct 6, 2026; Lamb Weston Form 10-Q, Q1 FY27, Oct 6, 2026)

International net sales fell 8% to $528.9 million, with volume down 6% and price/mix down 2%. Lamb Weston said EMEA continues to face challenging market conditions, and it ended production at its Broekhuizenvorst plant in the Netherlands, moving that customer fulfillment to other plants in its network. (Lamb Weston Q1 FY27 release, Oct 6, 2026)

Lamb Weston calls itself the number one supplier of value-added frozen potato products in North America, and french fries make up most of its portfolio. Its largest customer, McDonald's Corporation, accounted for approximately 15% of consolidated net sales in fiscal 2026, and its ten largest customers for approximately 50%. United States net sales were $4,289.6 million of the $6,612.3 million fiscal 2026 total. (Lamb Weston Form 10-K, fiscal 2026, Jul 24, 2026)

Lamb Weston's GAAP diluted EPS fell to $0.21 from $0.46, while adjusted diluted EPS rose to $0.75 from $0.74. The $0.54 gap is the items Lamb Weston excludes: Cost Savings Program, Restructuring Plan and other expenses ($0.18), legal proceedings and other claims ($0.18), stock-based compensation ($0.09), foreign currency exchange losses ($0.08) and unrealized derivative losses ($0.01). (Lamb Weston Q1 FY27 release, Oct 6, 2026)

Restructuring charges were $34.2 million pre-tax in the quarter, of which $24.1 million were non-cash, and Lamb Weston expects approximately $30 million to $50 million more during the rest of fiscal 2027, primarily for demolishing its Connell, Washington plant and closing Broekhuizenvorst. Current liabilities at August 30, 2026 included $33.0 million of accruals for legal proceedings and other claims. (Lamb Weston Form 10-Q, Q1 FY27, Oct 6, 2026)

The effective tax rate was 36.7%, against 42.7% a year earlier; excluding comparability items and discrete tax items it was 27.2%, against 30.2%. Diluted shares were 138.1 million, down from 139.8 million. Lamb Weston repurchased no shares in the quarter, paid $52 million in dividends and had approximately $245 million left under its repurchase authorization. (Lamb Weston Form 10-Q, Q1 FY27, Oct 6, 2026; Lamb Weston Q1 FY27 release, Oct 6, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Lamb Weston publishes a full-year outlook in its release and raised it with the Q1 fiscal 2027 results. It now expects net sales up low single digits from fiscal 2026's 52-week adjusted $6.485 billion (the prior outlook was 0.0% to 1.0%), adjusted EBITDA of $1.125 to $1.215 billion (from $1.10 to $1.20 billion) and adjusted diluted EPS of $3.05 to $3.35 (from $2.95 to $3.25). (Lamb Weston Q1 FY27 release, Oct 6, 2026)

Lamb Weston's other fiscal 2027 targets are capital expenditures of $380 to $410 million in cash, interest expense, net of approximately $185 million to $190 million, an adjusted effective tax rate of approximately 25.0% to 27.0%, and diluted shares of 137.5 million to 139.0 million. It said it will share a long-term roadmap at an Investor Day in early calendar 2027. (Lamb Weston Q1 FY27 release, Oct 6, 2026)

A consensus figure is the average of the models published by the analysts who cover Lamb Weston, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Lamb Weston's own release and filings put weight on for Q1 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning LW is on is LW a buy or a sell?, what analysts expect next is on the LW forecast, and what the company does is on the Lamb Weston Holdings (LW) stock page.

Every number on this page can be traced to a document Lamb Weston published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.