Lamb Weston Shares Plunge on International Weakness, Iran War Impacting Sales Outlook
LW is trading near its 52-week low of $38.64 (1.3% above the low).
Summary
Lamb Weston Holdings reported fiscal third-quarter 2026 results, but shares plunged over 7% to a 52-week low as the company highlighted significant headwinds in its international business. Management expects softness in key international markets, partly due to the war in Iran and a European potato surplus, to weigh on sales in the current quarter and lead to year-over-year volume declines in the second half of the fiscal year. While the company beat analyst estimates for Q3 net sales and adjusted earnings per share, overall profit declined substantially year-over-year, and international sales fell 1%. Despite raising the low end of its full-year sales guidance, the forward-looking concerns about international performance are clearly driving the negative market reaction. Traders will closely monitor the duration of these international challenges and the impact of pricing actions in North America.
At the time of this announcement, LW was trading at $39.13 on NYSE in the Trade & Services sector, with a market capitalization of approximately $5.4B. The 52-week trading range was $38.64 to $67.07. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.