Lamb Weston Holdings, Inc.
Business
Lamb Weston Holdings, Inc. is a leading global producer, distributor, and marketer of value-added frozen potato products, with the largest market share in North America and strong international presence across over 100 countries. The company offers a broad product portfolio including french fries, frozen potatoes, commercial ingredients, and appetizers sold under owned brands (Lamb Weston, Grown in Idaho, Alexia) and customer or retailer labels. Operations span two reportable segments—North America and International—serving quick-service restaurants, foodservice distributors, non-commercial channels, and retailers through 26 company-owned production facilities and co-packing arrangements.
Summary from 10-K filed 2025-07-23
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-05-31 | FY 2024 2024-05-31 | FY 2023 2023-05-31 | FY 2022 2022-05-31 | FY 2021 2021-05-31 |
|---|---|---|---|---|---|---|
| Net sales | 6,451 | 6,468 | 5,351 | 4,099 | 3,671 | |
| Cost of sales | 5,053 | 4,701 | 3,919 | 3,267 | 2,839 | |
| Gross profit | 1,399 | 1,767 | 1,432 | 832 | 832 | |
| Selling, general and administrative expenses | 634 | 701 | 550 | 388 | 357 | |
| Restructuring expense | 100 | 0 | 0 | — | — | |
| Income from operations | 665 | 1,065 | 882 | 444 | 475 | |
| Interest expense, net | 180 | 136 | 109 | 161 | 118 | |
| Income before income taxes and equity method earnings | 485 | 930 | 773 | 283 | 357 | |
| Income tax expense | 143 | 230 | 225 | 72 | 91 | |
| Equity method investment earnings | 15 | 26 | 461 | −11 | 52 | |
| Net income | 357 | 726 | 1,009 | 201 | 318 | |
| Basic (in dollars per share) | 2.51 | 5.01 | 6.98 | 1.38 | 2.17 | |
| Diluted (in dollars per share) | 2.5 | 4.98 | 6.95 | 1.38 | 2.16 | |
| Basic (in shares) | 142 | 145 | 145 | 146 | 146 | |
| Diluted (in shares) | 143 | 146 | 145 | 146 | 147 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-05-31 | FY 2024 2024-05-31 | FY 2023 2023-05-31 | FY 2022 2022-05-31 | FY 2021 2021-05-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 71 | 71 | 305 | 525 | 784 | |
| Receivables, net of allowances of $0.9 and $0.9 | 782 | 744 | 724 | 447 | — | |
| Inventories | 1,035 | 1,139 | 932 | 574 | 514 | |
| Prepaid expenses and other current assets | 145 | 136 | 166 | 113 | 118 | |
| Total current assets | 2,033 | 2,090 | 2,127 | 1,660 | 1,782 | |
| Property, plant and equipment, net | 3,688 | 3,583 | 2,808 | 1,579 | 1,524 | |
| Operating lease assets | 113 | 133 | 146 | 119 | 142 | |
| Goodwill | 1,090 | 1,060 | 1,041 | 318 | 335 | |
| Intangible assets, net | 114 | 105 | 110 | 34 | 37 | |
| Other assets | 355 | 396 | 288 | 173 | 80 | |
| Total assets | 7,393 | 7,367 | 6,520 | 4,140 | 4,209 | |
| Short-term borrowings | 371 | 326 | 159 | — | — | |
| Current portion of long-term debt and financing obligations | 78 | 56 | 55 | 32 | 32 | |
| Accounts payable | 616 | 834 | 637 | 403 | 359 | |
| Accrued liabilities | 411 | 408 | 510 | 264 | 227 | |
| Total current liabilities | 1,476 | 1,624 | 1,360 | 699 | 618 | |
| Long-term debt and financing obligations, excluding current portion | 3,683 | 3,441 | 3,248 | 2,696 | 2,705 | |
| Deferred income taxes | 254 | 256 | 252 | 173 | 160 | |
| Other noncurrent liabilities | 243 | 258 | 248 | 212 | 246 | |
| Total long-term liabilities | 4,179 | 3,955 | 3,748 | 3,080 | 3,111 | |
| Commitments and contingencies | — | — | — | — | — | |
| Common stock of $1.00 par value, 600,000,000 shares authorized; [xxx,xxx,xxx] and 150,735,397 shares issued | 151 | 151 | 150 | 148 | 148 | |
| Treasury stock, at cost, 12,152,507 and 7,068,741 common shares | −838 | −541 | −314 | −264 | −104 | |
| Additional distributed capital | −479 | −509 | −559 | −813 | −837 | |
| Retained earnings | 2,849 | 2,700 | 2,161 | 1,306 | 1,245 | |
| Accumulated other comprehensive income (loss) | 55 | −13 | −27 | −16 | 30 | |
| Total stockholders equity | 1,738 | 1,788 | 1,411 | 361 | 481 | |
| Total liabilities and stockholders equity | 7,393 | 7,367 | 6,520 | 4,140 | 4,209 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-05-31 | FY 2024 2024-05-31 | FY 2023 2023-05-31 | FY 2022 2022-05-31 | FY 2021 2021-05-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization of intangibles and debt issuance costs | 408 | 307 | 223 | 192 | 188 | |
| Stock-settled, stock-based compensation expense | 40 | 47 | 39 | 21 | 21 | |
| Gain on acquisition of investments in joint ventures | 0 | 0 | −426 | 0 | — | |
| Equity method investment (earnings) loss, net of distributions | 12 | −16 | −36 | 30 | −33 | |
| Deferred income taxes | 600,000 | −1 | 400,000 | 14 | 4 | |
| Blue chip swap transaction gains | −21 | −18 | 0 | — | — | |
| Other | −5 | 25 | 2 | −7 | 11 | |
| Receivables | −22 | −15 | −54 | −76 | −21 | |
| Inventories | 113 | −203 | −125 | −63 | −22 | |
| Income taxes payable/receivable, net | −10 | 20 | −12 | 12 | −3 | |
| Prepaid expenses and other current assets | 10 | 10 | 2 | −7 | −5 | |
| Accounts payable | 2 | 37 | 83 | 17 | 105 | |
| Accrued liabilities | −14 | −119 | 57 | 32 | −9 | |
| Net cash provided by operating activities | 868 | 798 | 762 | 419 | 553 | |
| Additions to property, plant and equipment | −638 | −930 | −654 | −290 | −147 | |
| Additions to other long-term assets | −34 | −62 | −82 | −16 | −16 | |
| Acquisition of interests in joint venture, net | 0 | 0 | −610 | 0 | — | |
| Acquisition of business, net of cash acquired | 0 | −11 | 0 | 0 | — | |
| Proceeds from blue chip swap transactions, net of purchases | 21 | 18 | 0 | — | — | |
| Other | 3 | 200,000 | 6 | −4 | 800,000 | |
| Net cash used for investing activities | −648 | −984 | −1,341 | −311 | −163 | |
| Proceeds from short-term borrowings | 1,739 | 1,075 | 57 | 0 | — | |
| Repayments of short-term borrowings | −1,696 | −910 | −15 | — | — | |
| Proceeds from issuance of debt | 525 | 592 | 530 | 1,676 | — | |
| Repayments of debt and financing obligations | −277 | −401 | −33 | −1,698 | −306 | |
| Dividends paid | −207 | −174 | −146 | −138 | −135 | |
| Repurchase of common stock and common stock withheld to cover taxes | −294 | −225 | −52 | −158 | −36 | |
| Other | −15 | −5 | 200,000 | −5 | 2 | |
| Net cash used in financing activities | −225 | −48 | 341 | −363 | −974 | |
| Effect of exchange rate changes on cash and cash equivalents | 4 | 500,000 | 18 | −3 | 3 | |
| Net decrease in cash and cash equivalents | −700,000 | −233 | −220 | −259 | −581 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Lamb Weston Holdings, Inc.'s CIK number?
Lamb Weston Holdings, Inc.'s SEC CIK number is 0001679273 (1679273). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Lamb Weston Holdings, Inc.'s SEC filings?
All of Lamb Weston Holdings, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Lamb Weston Holdings, Inc. last report earnings?
Lamb Weston Holdings, Inc. (LW) most recently filed an earnings 8-K with the SEC on Apr 1, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001679273-26-000011). This is Lamb Weston Holdings, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Lamb Weston Holdings, Inc.'s most recent earnings 8-K?
Lamb Weston Holdings, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 1, 2026 under accession 0001679273-26-000011. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Lamb Weston Holdings, Inc.'s latest earnings 8-K →
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