Lamb Weston Holdings, Inc.

63.18-2.39 (-3.64%)

Oct 29, 4:00:02 PM EDT · NYSE · LW · USD

Upcoming Earnings

Report date

≈ Dec 18, 2025 (in 49 days)

Key Stats

Market Cap

8.80B

P/E (TTM)

30.38

Basic EPS (TTM)

2.08

Dividend Yield

0.02%

Recent Filings

10-Q

Q1 FY2026 results

9/30/25Sep 30, 2025

Lamb Weston posted steady net sales of $1.7B for Q1 FY2026 ended August 24, 2025, edging up 0.3% y/y yet dipping 1% at constant currency as 6% volume gains from customer wins in North America and Asia offset 7% weaker price/mix. Gross profit slipped to $342.4M (20.6% margin) from $356.0M (21.5%), while operating income fell 26.2% y/y to $156.5M, pressured by $32.3M restructuring charges and higher SG&A; net income dropped to $64.3M ($0.46 diluted EPS) from $127.4M ($0.88), with the gap widened by a $13.1M pension settlement and elevated 42.7% effective tax rate from valuation allowances. Cash from operations surged 6.6% y/y to $352.0M, fueled by $136.3M inventory drawdown, yielding $274.4M free cash flow after $77.6M capex (derived); cash climbed to $98.6M amid $1.3B revolver availability, though total debt stood at $3.98B including $215.4M short-term borrowings. Restructuring under the Cost Savings Program and Restructuring Plan racked up $31.9M in charges, mostly professional services and severance, with $27.3M accrued. Adjusted EBITDA, reconciled in the 10-Q, rose slightly to $302.2M from $299.4M. Ongoing antitrust suits over alleged frozen potato pricing coordination pose litigation risks.

8-K

Q1 results show volume gains

9/30/25Sep 30, 2025

Lamb Weston kicked off fiscal 2026 with net sales of $1,659.3 million, up slightly from last year, fueled by 6% volume growth in North America and international markets yet dragged by 7% weaker price/mix. Adjusted EBITDA edged up 1% to $302.2 million, bolstered by cost savings and lapping prior product withdrawal charges, while the company reaffirmed its full-year outlook of $6.35-$6.55 billion in constant-currency sales and $1.00-$1.20 billion in adjusted EBITDA. Focus to Win strategy advances, targeting $250 million in savings by 2028. Restructuring charges hit $32.3 million this quarter.

8-K

Lamb Weston Q4 results and outlook

7/23/25Jul 23, 2025

Lamb Weston reported fiscal Q4 2025 net sales of $1,675.8 million, up 4% on volume gains from customer wins, yet adjusted EBITDA edged to $284.9 million amid price/mix cuts and soft restaurant traffic. Full-year sales held flat at $6,451.3 million while adjusted EBITDA fell 14% to $1,220.5 million, hit by higher costs and restructuring. The 'Focus to Win' plan targets $250 million in savings by 2028, including 4% headcount cuts, boosting cash flow; fiscal 2026 eyes $6.35-$6.55 billion sales and $1.0-$1.2 billion adjusted EBITDA. Execution risks loom in a competitive market.

10-K

FY2025 results

7/23/25Jul 23, 2025

Lamb Weston Holdings closed fiscal 2025 ended May 25, 2025, with net sales flat at $6.5 billion year-over-year, as a 2% volume gain offset price/mix investments amid softening restaurant traffic; North America dipped 2% to $4.3 billion on 3% price/mix erosion despite 1% volume uptick, while International rose 4% to $2.2 billion via 5% volume from customer wins. Q4 momentum faltered with sequential volume declines and margin compression from higher manufacturing costs per pound—up low-single-digits on potatoes, labor, and packaging—plus $58 million extra depreciation from expansions, though lapping $88 million ERP transition losses helped. Key drivers included temporary North American production curtailments to trim inventories, now down eight days to historical norms, and $86 million excess potato write-offs; segments showed North America absorbing most hits from trade support and warehousing hikes. Liquidity stayed solid at $1.2 billion revolver availability and $71 million cash, with $294 million in buybacks and $207 million dividends underscoring capital returns, though $4.1 billion debt rose on new term loans. No annual guidance issued, but fiscal 2026 eyes even traffic offset by wins and a 53rd week for volume lift, tempered by input inflation and restructuring offsets. Yet potato crop volatility looms large, risking supply squeezes that could jolt quarterly output.

8-K

Board refresh via activist pact

6/30/25Jun 30, 2025

Lamb Weston entered a cooperation agreement with JANA Partners and Continental Grain on June 30, 2025, triggering board expansion to 13 directors effective by July 11, 2025, with six new independent appointees—Bradley Alford as Chairman, Timothy McLevish, Paul Maass, Lawrence Kurzius, Scott Ostfeld, and Ruth Kimmelshue—replacing four departing members. This shakeup reconstitutes key committees, blending activist input with fresh expertise in food operations and finance to sharpen execution. New directors join for terms until the 2025 annual meeting. Shareholder activism adds oversight pressure.

About

Lamb Weston Holdings, Inc. engages in the production, distribution, and marketing of frozen potato products in the United States, Canada, Mexico, and internationally. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels. The company also provides its products under its owned or licensed brands, such as Grown in Idaho and Alexia, and other licensed brands, as well as under retailers' own brands. It sells its products through a network of internal sales personnel and independent brokers, agents, and distributors to quick service and full-service restaurants and chains, wholesale, grocery, mass merchants, club retailers, and specialty retailers, as well as foodservice distributors and institutions, including businesses, educational institutions, independent restaurants, regional chain restaurants, and convenience stores. Lamb Weston Holdings, Inc. was incorporated in 1950 and is headquartered in Eagle, Idaho.

CEO

Mr. Michael Jared Smith

IPO

11/10/2016

Website

https://www.lambweston.com

Employees

10,100

Sector

Consumer Defensive

Industry

Packaged Foods