BUZZ - Lamb Weston shares rise after raising its annual performance outlook
路透社2026/10/06 14:12Latest Update October 6 - Lamb Weston (LW.N) shares surged as much as 9.5% to $48.81—if the gain holds, this would be the company's best single-day performance since July 2025. The frozen French fries supplier raised its annual revenue growth forecast from a previous estimate of flat to 1% to a low single-digit growth rate, expecting demand to remain resilient, especially in its largest revenue-contributing region, North America. The company also raised its adjusted earnings per share forecast for fiscal 2027 from a range of $2.95-$3.25 to $3.05-$3.35. First-quarter North America sales grew 5%. Actual results exceeded market expectations for both first-quarter sales and adjusted profit. As of the previous trading day’s close, the stock is up 6.4% year to date. (For the convenience of non-English speakers, Reuters provides its reports in several other languages using automated translation. Due to potential errors or lack of accurate context in automated translations, Reuters does not guarantee their accuracy. Automated translations are offered solely for reader convenience. Reuters is not liable for any harm or loss resulting from the use of automated translation.)
Latest Developments
October 6 - ** Lamb Weston LW.N shares surged as much as 9.5% to $48.81—if the gains hold, this would mark the company's best single-day performance since July 2025
** The frozen french fries supplier has raised its annual revenue growth outlook from flat to 1% previously estimated, up to a low single-digit growth rate (link)
** Demand is expected to remain resilient, especially in North America, which contributes the largest revenue
** Fiscal 2027 adjusted earnings per share guidance raised from $2.95–$3.25 to $3.05–$3.35
** First-quarter North America sales rose 5%
** Actual results outperformed market expectations for first-quarter sales and adjusted profit
** As of the previous session close, shares are up 6.4% year-to-date
(To assist non-English speakers, Reuters provides automated translations of its reports in several other languages. As automated translation may be inaccurate or lack necessary context, Reuters does not guarantee the accuracy of the translated text and provides it solely for the convenience of readers. Reuters accepts no responsibility for any damage or loss caused by the use of automated translation.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Evogene announces special shareholder meeting
Evogene will hold a special general meeting of shareholders in Rehovot, Israel on Nov. 10, 2026. Shareholders will vote on electing Oz Adler and Dr. Adi Zuloff-Shani to the board. Ballots will also cover the election of Itay Maroz and Shahar Zadok, subject to approval of a cooperation agreement. The meeting will also vote on a cooperation agreement between Evogene and L.I.A. Pure Capital and Invest-Pro Shukai Hon. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Evogene Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001178913-26-004722), on October 06, 2026, and is solely responsible for the information contained therein.
UK names 6 banks to lead first digitally native government bond
Altaris Completes Acquisition of Simulations Plus
02:57 PM EDT, 10/06/2026 (MT Newswires) -- Simulations Plus (SLP) said Tuesday that affiliates of Altaris have completed the acquisition of the company. The transaction price was $375 million, with each Simulations shareholder receiving $18.50 in cash per share, according to an earlier statement. As a result of the acquisition, Simulations said it has become a privately held company and its common stock will no longer trade on the Nasdaq Global Select Market.
Ondo Finance brings pre-IPO AI exposure on-chain — But there’s a catch
Crypto prices
More
