Lamb Weston beats Q1 estimates, lifts FY27 guidance on North America volume strength

Lamb Weston (LW) reported Q1 adjusted EPS of $0.75, above consensus, on revenue of $1.67 billion. North America volume rose 7%, its seventh consecutive quarter of growth, despite flat U.S. restaurant traffic. The company raised its FY27 adjusted EPS outlook to $3.05-3.35 and EBITDA guidance to $1.125-1.215 billion. International sales fell 8% on EMEA weakness. Management sees Q2 EBITDA returning to growth, supporting an improving earnings cadence.