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Lamb Weston rises on upbeat sales forecast, Q4 beat

ReutersJul 23, 2025 2:38 PM

**Shares of frozen potato products maker Lamb Weston LW.N rise as much as 19% to $58.50 in early trade after company forecasts annual revenue largely above estimates

** Stock set for best day on record, if gains hold

** Expects fiscal 2026 sales in the range of $6.35 bln to $6.55 bln, versus analysts' estimate of $6.42 bln, according to data compiled by LSEG

** Also beats estimates for Q4 sales and profit, posts surprise rise in sales driven by strong international demand from restaurants to which it supplies its products

** International net sales, excluding North America, rose 15%, offsetting a decline in demand in the U.S. due to fall in consumer spending

** As of last close, LW down nearly 26.43% YTD

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