Lamb Weston Q1 results beat guidance, lifts FY2027 outlook

Lamb Weston reported Q1 net sales of $1.67B (+1% YoY), adjusted EPS of $0.75 (+1%), and adjusted EBITDA of $286M (-5%). North America volume grew 7%. Raised FY2027 outlook: net sales up low single digits, adjusted EBITDA $1.125-1.215B, adjusted EPS $3.05-3.35.