Lamb Weston is a global producer, distributor, and marketer of value-added frozen potato products headquartered in Eagle, Idaho, operating in more than 100 countries and the leading supplier in North America.

# Lamb Weston Holdings, Inc.

Lamb Weston is a global producer, distributor, and marketer of value-added frozen potato products. The company is headquartered in Eagle, Idaho and operates in more than 100 countries.

- Market position: the number one supplier of value-added frozen potato products in North America and a leading supplier internationally  
- Product portfolio: a broad range of value-added frozen potato products, with French fries representing the largest portion of the portfolio  
- Corporate structure: organized as a Delaware corporation in July 2016  
- Public listing: common stock trades on the New York Stock Exchange under the ticker symbol “LW”  
- Reportable segments: North America and International

Lamb Weston Holdings, Inc. is a leading global producer, distributor, and marketer of value-added frozen potato products, primarily French fries, with extensive international operations and a diversified customer base including major clients like McDonald's.

# Company Summary: Lamb Weston Holdings, Inc.

## Business Overview
- **Type of Business:** Leading global producer, distributor, and marketer of value-added frozen potato products.
- **Headquarters:** Eagle, Idaho, USA.
- **Market Position:** 
  - #1 supplier of frozen potato products in North America.
  - Leading supplier internationally, especially in high-growth emerging markets.
- **Product Focus:** 
  - Major product: French fries.
  - Broad portfolio includes frozen potatoes, commercial ingredients, and appetizers.
- **Geographic Reach:** Operates in over **100 countries** with production and sales support in **32 countries**.
- **Organization Structure:** 
  - **Two reportable segments:** 
    - **North America:** Sells to quick service restaurants, full-service restaurants, foodservice distributors, non-commercial channels, and retailers.
    - **International:** Similar channels but outside North America, including Europe, Asia, and other regions.
- **Key Relationships:**
  - **Major Customer:** McDonald's Corporation, accounted for approximately **15%** of net sales in fiscal 2025.
  - **Top 10 Customers:** Account for roughly **50%** of net sales in fiscal 2025.

## Operations & Capabilities
- **Number of Employees:** Approximately **10,100 employees** total.
  - About **3,100** work outside the U.S.
- **Production Facilities:** 
  - Total of **26 facilities**.
  - Locations include U.S., Europe, Asia, South America, and Australia.
  - Notable facilities in Idaho, Oregon, Minnesota, Washington, Argentina, Australia, Austria, the Netherlands, China, and the UK.
  - One facility in Canada (Taber), with joint venture interests in Austria and North America.
- **Supply Chain:** 
  - Raw materials primarily potatoes (grown mainly in Washington, Idaho, Oregon, and abroad in Europe, Canada, China, Australia, and Argentina).
  - Other raw inputs include edible oils, grains, starches, packaging, and energy.
- **Research & Development:** Focused on product innovation, quality enhancement, and sustainability.
- **Intellectual Property:** Owned trademarks and patents crucial for operations and branding.

## Financial Highlights (Fiscal Year Ended May 25, 2025)
- **Net Sales:** Approximately **$6.45 billion**.
- **Revenue (Net Sales) Change:** Slight decrease of **$16.3 million** compared to 2024.
- **Net Income:** About **$357.2 million**.
- **Gross Profit:** Approximately **$1.40 billion**.
- **Adjusted EBITDA:** Around **$1.22 billion**.
- **Employees:** **10,100** employees.
- **Market Capitalization:** The value of publicly held shares (by non-affiliates) was about **$10.9 billion** as of November 22, 2024.
- **Shareholders and Stock:** 
  - **Shares Outstanding:** 139.3 million shares as of July 17, 2025.
  - **Top Customer:** McDonald's, with a consistent approximate 13-15% contribution over the past three fiscal years.
  - **Stock Performance:** Growth over the past five years has varied, with stock value starting at $100 in 2020 and ending at $91 in 2025.

## Summary
Lamb Weston is a dominant global player in frozen potato products, especially French fries, with a diverse customer base and extensive international operations. It focuses on product innovation, operational efficiency, and strategic growth initiatives, while maintaining significant relationships with large foodservice corporations like McDonald's. The company leverages a broad network of 26 manufacturing facilities, employing over 10,000 people, and generates multi-billion-dollar annual revenues.

Lamb Weston Holdings, Inc. is a leading global producer and marketer of value-added frozen potato products, primarily known for its French fries, with a significant market presence in North America and emerging international markets.

# Lamb Weston Holdings, Inc.

## Overview
Lamb Weston Holdings, Inc. is a global producer, distributor, and marketer of value-added frozen potato products. Headquartered in Eagle, Idaho, the company is the leading supplier of these products in North America and has a growing presence in emerging international markets. Its product portfolio is focused primarily on frozen potatoes, especially French fries.

## Key information
- Founded: July 2016 (as a Delaware corporation)  
- Ticker Symbol: LW (New York Stock Exchange)  
- Employees: Approximately 10,700 as of July 17, 2024, with about 2,900 working outside the U.S.  
- Customer base: Chain restaurants, grocery retailers, foodservice distributors, and institutions, including leading quick-service and fast-casual restaurants. McDonald’s Corporation accounted for around 14%, 13%, and 10% of consolidated net sales in fiscal years 2024, 2023, and 2022, respectively.  
- Production facilities: Operates 27 production facilities in the U.S. and facilities in eight other countries.  
- International presence: Operations in 33 countries with global sales support.  
- Management: Executive team includes Thomas P. Werner (CEO) and Bernadette M. Madarieta (CFO), along with senior leaders overseeing operations, finance, and strategy.

## Product portfolio
- Frozen potatoes, primarily French fries  
- Commercial ingredients and appetizers under the Lamb Weston brand and other brands such as Grown in Idaho and Alexia (licensed from third parties)  
The company develops new products in response to changing consumer preferences and dietary trends.

## Operations
Lamb Weston operates through two main segments:
1. North America: Products sold primarily in the U.S., Canada, and Mexico to restaurants and retailers.  
2. International: Frozen potato products sold outside North America.

The company maintains strategic relationships with growers for potato supply and employs advanced agronomic practices to support crop quality.

## Research and development
Lamb Weston invests in R&D focused on product quality and sustainability, and works to reduce the environmental impact of its manufacturing processes.

## Summary
Lamb Weston is a leading supplier in the frozen potato market with a broad customer base, extensive production capabilities, and an emphasis on product quality, innovation, and sustainability.

Lamb Weston Holdings, Inc.

10-K / July 24, 2026

10-K / July 23, 2025

10-K / July 24, 2024

10-K / July 24, 2026

Lamb Weston Holdings, Inc.