Lamb Weston reported Q1 fiscal 2026 results slightly above expectations: net sales of $1.66B (vs. $1.62B est.), adjusted EPS of $0.74 (vs. $0.55 est.), and 6% volume growth. Gross profit fell and price/mix was down, but cost savings helped margins. North America sales slipped as volume gains couldn't offset lower pricing, while international saw modest growth helped by currency swings. Operating cash flow was strong, capex fell sharply, and the company reaffirmed its 2026 outlook with $6.35B-$6.55B in sales and $1-1.2B in adjusted EBITDA. Shares up 6.99%.