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Home » Lamb Weston sees upward trajectory to wrap up fiscal year

Lamb Weston sees upward trajectory to wrap up fiscal year

A building at Lamb Weston.

Lamb Weston tops Benton County’s list of top property owners, with an assessed value of $309.2 million between multiple listings. The potato processing company comes in at No. 5 on Franklin County’s list. 

Photo by Nathan Finke
July 26, 2026
TCAJOB Staff

One of the Tri-Cities’ largest employers closed out its 2026 fiscal year on a high note according to its latest quarterly report. 

Lamb Weston’s net sales exceeded expectations for the recently concluded fourth quarter, with its North American market seeing 9% growth to $1.2 billion compared to the same quarter the previous year. That resulted in it exceeding its projected 2026 net sales by $100 million to reach $6.6 billion. 

While net income and earnings before interest, taxes, depreciation, and amortization (EBITDA) declined during the quarter, the company said higher sales volumes and lower manufacturing costs from cost savings initiatives and efficiencies more than offset higher inflation, unfavorable price/mix, and higher operating expenses. 

“This past year marked an important inflection point for our Company,” said Mike Smith, Lamb Weston president and CEO, in a statement. “We overdelivered on our financial guidance with solid performance in sales and profitability, led by volume growth in North America. While disruption in the Middle East and input cost inflation have impacted our EMEA business, we have been taking actions to help mitigate this volatility in a challenging competitive environment. 

“Looking forward, I am highly encouraged by the success we have seen in year one of Focus to Win, particularly the customer momentum that we built through new wins and strengthening of existing relationships,” Smith added. 

Lamb Weston has 2,806 employees working in its processing facilities and administrative offices within and outside the Tri-Cities, according to 2025 data in the Journal’s Book of Lists. 

The potato processor also saw cash flow improve through the latest fiscal year compared to 2025, reduced capital expenditures and other savings resulting from its Focus to Win strategy launched a year ago.  

    Latest News Local News Agriculture Food Processing
    KEYWORDS July 2026
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