Lamb Weston Holdings, Inc. (NYSE:LW) shares are trading lower on Friday despite reporting second-quarter FY26 earnings beat.

• Lamb Weston shares are retreating from recent levels. Why is LW stock falling?

Details

The company reported net sales growth of 1% year-over-year to $1.62 billion, ahead of the $1.59 billion estimate.

Overall volume rose 8% led by new customer wins, market share gains, and strong retention, especially in North America and Asia.

However, price/mix declined 8% due to high competition as well as customer support through pricing and trade actions.

Adjusted gross profit down to $327.9 million from $343.5 million a year ago quarter.

SG&A decreased to $171 million from $184.7 million, while adjusted SG&A fell to $145.1 million from $152.9 million, helped by cost savings.

Adjusted EBITDA fell 3% Y/Y to $285.7 million in the quarter.

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