LW · Lamb Weston Q4 FY2026 earnings call record财报电话会记录

“Throughout fiscal 2026, we stabilized our North America business, growing volume, sales, and EBITDA for the full year, and ending with a 26% segment EBITDA margin.”

“Our increasingly nimble supply chain team facilitated this customer success, meeting the demand in incremental North America volume while also driving improved operational efficiencies, recurring cost savings, and debottlenecking plants to increase capacity.”

“Outside North America, we are optimizing supply chain assets globally to reduce our costs and better meet future customer demand.”

“Finally, disruptive innovation remains a key unlock in our value add for customers and consumers.”

“The year was not without its challenges, as the international segment absorbed startup costs associated with our new Argentina plant and an industry slowdown in the EMEA region.”

“Fourth quarter net sales for the company increased 6%, led by a 7% increase in sales volume and 2% favorable currency impact, partially offset by 3% decline in price mix.”

“In our international segment, net sales declined 2%, led by a sales volume decline of 2%, price mix decline of 4%, partially offset by favorable currency impacts.”

“Adjusted EBITDA declined $6 million compared to last year, as North America adjusted EBITDA dollars grew 17% or $45 million.”

“On a full-year basis, net sales increased 2%, led by a 7% increase in sales volume and 1% increase in favorable currency impact, partially offset by a 6% decrease in price mix.”

“For the full year, we have returned $321 million to shareholders, including $208 million in cash dividends and $113 million of stock repurchases, of which $63 million was repurchased in the fourth quarter.”

“International segment EBITDA is anticipated to improve between 40%-50% as we lap an incremental $33 million of pre-tax charges for potato write-offs, as well as start-up costs from our Argentina facility.”

“Like I mentioned, we will be lapping some of the pricing decisions that we made in 2026 that'll have a little bit of a carryover into 2027, feel really good about our plan for 2027 in that North American business.”