<p>兰威斯顿控股公司（NYSE: LW）的股票在周二保持上涨。该股在过去三个月中下跌了 27%。这家冷冻土豆产品制造商继续在一个流动且竞争激烈的环境中运营，并面临一些逆风。然而，公司一直专注于其可控的领域，这帮助其在某些业务领域取得了进展。</p>
<p><img src="https://imageproxy.pbkrs.com/https://cdn.news.alphastreet.com/wp-content/uploads/2025/12/Lamb-Weston-2Q26.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1024" height="768" original-src="https://imageproxy.pbkrs.com/https://cdn.news.alphastreet.com/wp-content/uploads/2025/12/Lamb-Weston-2Q26.png"/></p>
<h2><strong>销售和销量增长面临价格/组合挑战</strong></h2>
<p>兰威斯顿在 2026 年第二季度的净销售额同比增长 1%，达到 16.2 亿美元。销量增长 8%，主要得益于客户赢得、市场份额增加和强劲的客户保留，特别是在北美和亚洲。尽管餐厅客流量有所疲软，公司仍继续赢得新客户并扩大市场份额，从而推动销量增长。</p>
<p>在第二季度的财报电话会议上提到，美国的快速服务餐厅（QSR）在 8 月、9 月和 10 月的三个月期间客流量保持平稳，QSR 鸡肉类的增长和 QSR 汉堡类的下降并存。北美食品服务的薯条销量略有增长，反映出需求的韧性。大多数国际市场的餐厅客流量下降，其中最大的市场英国下降了 3%。</p>
<p>兰威斯顿在第二季度的销量增长被价格/组合的下降所抵消。价格/组合下降了 8%，这主要是由于支持客户的定价和贸易影响，以及向低利润销售的组合转变。不利的价格/组合影响导致调整后的毛利润下降，进而使调整后的每股收益同比下降 5%，降至 0.69 美元。</p>
<p>兰威斯顿 2026 年第二季度财报信息图</p>
<p>在第二季度，公司各业务部门的价格/组合也出现下降，预计在下半年的表现将不如上半年，但程度会有所减轻。</p>
<h2><strong>北美业务稳定与国际扩张</strong></h2>
<p>兰威斯顿的北美业务部门保持稳定。在第二季度，净销售额为 10.7 亿美元，同比持平，但销量增长 8%，得益于客户合同的赢得、市场份额的增加和各渠道的增长。公司还重新启动了之前减产的北美生产线，以维持其高服务水平。</p>
<p>LW 正在显著扩大其国际业务。国际部门的净销售额在第二季度同比增长 4%，达到 5.486 亿美元。销量增长 7%，得益于亚洲的增长和跨国连锁客户的支持。</p>
<p>公司的全球制造足迹和供应链网络可以帮助建立客户合作伙伴关系，使其能够在快速增长的市场（如亚洲和拉丁美洲）中获取销量。其在阿根廷的新设施已开始生产，随着该地区的快速增长，薯条制造商看到了显著的市场份额增长机会。</p>
<p>然而，国际市场竞争依然激烈。在第二季度，LW 面临餐厅客流量疲软、出口需求下降和欧洲的价格压力。公司预计将在 2026 财年继续通过价格和贸易支持客户。</p>
<h2><strong>展望</strong></h2>
<p>兰威斯顿预计在 2026 财年的剩余时间内将实现强劲的销售和销量增长。预计北美在下半年的销量将与上半年持平或更高，得益于强劲的需求。国际销量预计将持平，因为公司将面临去年客户赢得的影响。LW 预计 2026 财年的净销售额将在 63.5 亿至 65.5 亿美元之间。</p>
<p>兰威斯顿（LW）继续在动态环境中前行的文章首次出现在 AlphaStreet 上。</p>

蓝威斯顿

<p>Lamb Weston Holdings, Inc.（纽约证券交易所代码：LW）股票保持稳定，尽管在过去三个月中下跌了 27%。该公司报告 2026 财年第二季度净销售额增长 1%，达到 16.2 亿美元，尽管价格/组合面临挑战，下降了 8%，但由于客户增加，销量上升了 8%。北美销售额持平，为 10.7 亿美元，而国际销售额增长了 4%。公司预计 2026 财年剩余时间将实现强劲的销售和销量增长，净销售额预计在 63.5 亿至 65.5 亿美元之间</p>

<p>Shares of Lamb Weston Holdings, Inc. (NYSE: LW) stayed green on Tuesday. The stock has dropped 27% in the past three months. The frozen potato products maker continues to operate in a fluid and competitive environment and has been battling a few headwinds. However, the company has been focusing on what it can control and this has helped it make progress in certain areas of its business.</p>
<div class="lb-trans"><p>兰威斯顿控股公司（NYSE: LW）的股票在周二保持上涨。该股在过去三个月中下跌了 27%。这家冷冻土豆产品制造商继续在一个流动且竞争激烈的环境中运营，并面临一些逆风。然而，公司一直专注于其可控的领域，这帮助其在某些业务领域取得了进展。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cdn.news.alphastreet.com/wp-content/uploads/2025/12/Lamb-Weston-2Q26.png" alt="" original-src="https://cdn.news.alphastreet.com/wp-content/uploads/2025/12/Lamb-Weston-2Q26.png"/></p>
<h2><strong>Sales and volume growth against price/mix challenges</strong></h2>
<div class="lb-trans"><h2><strong>销售和销量增长面临价格/组合挑战</strong></h2>
</div><p>Lamb Weston’s net sales rose 1% to $1.62 billion in the second quarter of 2026 compared to the previous year. Volume increased 8%, driven by customer wins, share gains and strong retention, particularly in North America and Asia. The company continued to gain share even with new and growing customers and this helped it grow volume despite softness in restaurant traffic.</p>
<div class="lb-trans"><p>兰威斯顿在 2026 年第二季度的净销售额同比增长 1%，达到 16.2 亿美元。销量增长 8%，主要得益于客户赢得、市场份额增加和强劲的客户保留，特别是在北美和亚洲。尽管餐厅客流量有所疲软，公司仍继续赢得新客户并扩大市场份额，从而推动销量增长。</p>
</div><p>As mentioned on the Q2 earnings call, QSR, or quick-service restaurant, traffic in the US remained flat during the three-month period of August, September and October, with growth in QSR chicken and declines in QSR burger. French fry volume in North America foodservice gained slightly, reflecting resilient demand. Restaurant traffic in most international markets declined, with the largest market, the UK, witnessing a 3% drop.</p>
<div class="lb-trans"><p>在第二季度的财报电话会议上提到，美国的快速服务餐厅（QSR）在 8 月、9 月和 10 月的三个月期间客流量保持平稳，QSR 鸡肉类的增长和 QSR 汉堡类的下降并存。北美食品服务的薯条销量略有增长，反映出需求的韧性。大多数国际市场的餐厅客流量下降，其中最大的市场英国下降了 3%。</p>
</div><p>Lamb Weston’s volume growth in Q2 was offset by a decline in price/mix. Price/mix fell 8%, due to impacts from pricing and trade to support customers, as well as mix shifts towards lower-margin sales. The impact from unfavorable price/mix led to a decrease in adjusted gross profit, which in turn caused earnings per share, on an adjusted basis, to decline 5% year-over-year to $0.69.</p>
<div class="lb-trans"><p>兰威斯顿在第二季度的销量增长被价格/组合的下降所抵消。价格/组合下降了 8%，这主要是由于支持客户的定价和贸易影响，以及向低利润销售的组合转变。不利的价格/组合影响导致调整后的毛利润下降，进而使调整后的每股收益同比下降 5%，降至 0.69 美元。</p>
</div><p>Lamb Weston Q2 2026 Earnings Infographic</p>
<div class="lb-trans"><p>兰威斯顿 2026 年第二季度财报信息图</p>
</div><p>Price/mix declined across the company’s business segments as well during the second quarter, and is anticipated to remain unfavorable in the second half of the year although to a lesser extent than the first half.</p>
<div class="lb-trans"><p>在第二季度，公司各业务部门的价格/组合也出现下降，预计在下半年的表现将不如上半年，但程度会有所减轻。</p>
</div><h2><strong>Stable North America business and International expansion</strong></h2>
<div class="lb-trans"><h2><strong>北美业务稳定与国际扩张</strong></h2>
</div><p>Lamb Weston’s North America business segment remains stable. In Q2, net sales of $1.07 billion were flat year-over-year, but volume grew 8%, driven by customer contract wins, share gains, and growth across channels. The company also restarted its previously curtailed production lines in North America to maintain its high service levels.</p>
<div class="lb-trans"><p>兰威斯顿的北美业务部门保持稳定。在第二季度，净销售额为 10.7 亿美元，同比持平，但销量增长 8%，得益于客户合同的赢得、市场份额的增加和各渠道的增长。公司还重新启动了之前减产的北美生产线，以维持其高服务水平。</p>
</div><p>LW is meaningfully expanding its international presence. Net sales in the International segment increased 4% to $548.6 million in the second quarter versus the previous year. Volume grew 7%, helped by growth in Asia and with multinational chain customers.</p>
<div class="lb-trans"><p>LW 正在显著扩大其国际业务。国际部门的净销售额在第二季度同比增长 4%，达到 5.486 亿美元。销量增长 7%，得益于亚洲的增长和跨国连锁客户的支持。</p>
</div><p>The company’s global manufacturing footprint and supply chain network can help build customer partnerships that will allow it to capture volume in fast-growing markets such as Asia and Latin America. Its new facility in Argentina has started production and with the rapid growth in the region, the French fry maker sees opportunity for meaningful share gains.</p>
<div class="lb-trans"><p>公司的全球制造足迹和供应链网络可以帮助建立客户合作伙伴关系，使其能够在快速增长的市场（如亚洲和拉丁美洲）中获取销量。其在阿根廷的新设施已开始生产，随着该地区的快速增长，薯条制造商看到了显著的市场份额增长机会。</p>
</div><p>However, international markets remain competitive. In Q2, LW faced softness in restaurant traffic, lower export demand, and pricing pressures in Europe. The company expects to continue supporting customers with price and trade through fiscal year 2026.</p>
<div class="lb-trans"><p>然而，国际市场竞争依然激烈。在第二季度，LW 面临餐厅客流量疲软、出口需求下降和欧洲的价格压力。公司预计将在 2026 财年继续通过价格和贸易支持客户。</p>
</div><h2><strong>Outlook</strong></h2>
<div class="lb-trans"><h2><strong>展望</strong></h2>
</div><p>Lamb Weston expects strong sales and volume for the remainder of fiscal year 2026. North America is expected to see volumes in the second half grow at or above first-half rates, helped by strong demand. International volumes are expected to be flat as the company laps prior-year customer wins. LW expects net sales to range between $6.35-6.55 billion in FY2026.</p>
<div class="lb-trans"><p>兰威斯顿预计在 2026 财年的剩余时间内将实现强劲的销售和销量增长。预计北美在下半年的销量将与上半年持平或更高，得益于强劲的需求。国际销量预计将持平，因为公司将面临去年客户赢得的影响。LW 预计 2026 财年的净销售额将在 63.5 亿至 65.5 亿美元之间。</p>
</div><p>The post Lamb Weston (LW) continues to push through a dynamic environment first appeared on AlphaStreet.</p>
<div class="lb-trans"><p>兰威斯顿（LW）继续在动态环境中前行的文章首次出现在 AlphaStreet 上。</p>
</div>

蓝威斯顿（LW）继续在充满变化的环境中前行