Lamb Weston rises on upbeat sales forecast, Q4 beat

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