Lamb Weston officials were upbeat in their latest quarterly report, with net sales and gross profit climbing by tens of millions of dollars compared to the same quarter last year. 

“Our performance this quarter reflects the positive momentum we are building across the business,” said Mike Smith, Lamb Weston president and CEO, in a statement. “We delivered robust volume growth and gained share in priority markets and key categories, demonstrating Lamb Weston’s commitment to deliver quality, innovation, and value. 

Net sales increased $17.2 million to $1.62 billion versus the prior year quarter, while gross profit increased $46.5 million versus the prior year quarter to $324.3 million, according to the company’s FY 2026 Q2 report. Net income increased to $62.1 million from a prior year quarter net loss of $36.1 million. 

Lamb Weston’s North America unit saw essentially flat sales during the quarter, though volume climbed 8%, driven by recent contract wins, share gains and other growth. Those improvements have led the company to restart curtailed production lines in its North American facilities. The company’s international unit saw net sales climb 4%, or $19.8 million, to $548.6 million. 

“Our team is executing at a high level, and we remain on track to achieve our $100 million cost savings program target for fiscal 2026,” Smith said in his statement. 

The fiscal improvements led Lamb Weston’s board of directors to authorize a 3% increase to its quarterly dividend, which will now sit at 38 cents per share.