Lamb Weston Holdings, Inc. (LW), Friday announced its results for the second quarter of fiscal 2026, reporting a net income of $62.1 million, or $0.44 a share, compared with a net loss of $36.1 million, or $0.25 a share, last year.
In the pre-market hours, LW is moving down 13.72 percent, to $51.20 on the New York Stock Exchange.
On adjusted basis, net income amounted to $96.7 million, or $0.69 per share, compared to $104.9 million, or $0.73 per share, in the prior year.
Analysts, on average, estimated earnings of $0.65 per share for the quarter.
Net sales increased to $1.618 billion from $1.600 billion in the previous year.
Looking ahead, the company expects net sales of $6.35 to $6.55 billion for the fiscal year 2026.
On average, analysts anticipate net sales of $6.52 billion for the full year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.