Lamb Weston Shows Signs of Recovery After a Difficult Cycle

Lamb Weston, the largest producer of french fries, is showing signs of stabilization despite ongoing challenges. The company has posted six consecutive quarters of sales volume growth, with North American volumes up 11% in the fourth quarter of fiscal year 2026, driven by new contracts and improved customer retention. North American revenue rose 9% to $1.206 billion, while adjusted segment EBITDA climbed 17%.

The company is working to move past the fallout from its aggressive pricing strategy in 2023–2024. New CFO Jim Gray believes the business has reached a “turning point.” Lamb Weston is now betting on innovation — including products designed for air fryers — along with growth in Asia and Latin America and a cost-savings program to sustain its recovery.