(Reuters) - Lamb Weston beat third-quarter revenue and profit estimates on Thursday, as the frozen potato products maker benefited from its cost cuts and regained sales it had lost last year during its transition to a new database.

Its shares rose about 8% in early trading. The company said it had hired consulting firm AlixPartners to help evaluate more opportunities for cost savings.

Lamb Weston is on track to deliver up to $450 million in total capital spending reductions by fiscal 2026 compared to fiscal 2024, CEO Mike Smith said in a statement.

The company said in October it would cut 4% of its workforce and slash costs to mitigate the impact of weak demand from restaurants for its frozen potato products with consumers reining in non-essential spending.

The Eagle, Idaho-based company regained sales it had lost last year as it moved to a new Enterprise Resource Planning (ERP) system, a software that helps businesses organize finance, inventory and human resources.

Lamb Weston posted quarterly sales of $1.52 billion, compared with analysts’ estimates of $1.49 billion, according to data compiled by LSEG.

On an adjusted basis, the company logged quarterly profit of $1.10 per share, compared with analysts’ estimates of 87 cents.

Lamb Weston also reaffirmed its annual sales and profit forecasts.

Activist investor Jana Partners, which owns over 5% of Lamb Weston’s shares, had been instrumental in naming insider Michael Smith as CEO in January.

The hedge fund has also pushed the company to put itself up for sale.