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.

# Company Overview: Lamb Weston Holdings, Inc.

## General Description
Lamb Weston Holdings, Inc. is a premier 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 holds a significant position in emerging international markets. Lamb Weston primarily focuses on producing frozen potatoes, especially French fries, which form the bulk of its product portfolio.

## Key Information
- **Founded:** July 2016 (as a Delaware corporation)
- **Ticker Symbol:** LW (New York Stock Exchange)
- **Employees:** Approximately 10,700 employees as of July 17, 2024, with about 2,900 working outside the U.S.
- **Customer Base:** Diverse relationships with chain restaurants, grocery retailers, foodservice distributors, and institutions, including leading quick service and fast casual restaurants. Notably, McDonald's Corporation accounts 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 eight other countries.
- **International Presence:** Operations in 33 countries with sales support globally.

## Financial Performance
- **Revenue:** The company’s specific revenue figures were not disclosed in the provided content, but sales are significant, particularly in international markets. Net sales outside the U.S. accounted for approximately 34%, 23%, and 17% of total net sales in fiscal years 2024, 2023, and 2022 respectively.
- **Management:** The executive team includes Thomas P. Werner (CEO), Bernadette M. Madarieta (CFO), and other senior leaders overseeing various aspects of operations, finance, and strategic initiatives.

## Product Portfolio
Lamb Weston offers a wide array of frozen potato products, including:
- **Frozen Potatoes:** Primarily French fries.
- **Commercial Ingredients and Appetizers:** Offered under the Lamb Weston brand as well as other brands like Grown in Idaho and Alexia, which are licensed from third parties. 

The company has introduced several innovative products and develops its offerings based on changing consumer preferences and dietary trends.

## Operations
The company operates through two main segments:
1. **North America Segment:** Comprises products sold primarily in the U.S., Canada, and Mexico to various channels including restaurants and retailers.
2. **International Segment:** Focuses on frozen potato products sold outside North America.

Lamb Weston maintains strategic relationships with growers for sourcing raw materials, particularly potatoes, and leverages advanced agronomic practices to ensure a quality supply of input for its products.

## Research and Development
Lamb Weston is committed to innovation and sustainability, utilizing R&D to enhance product quality and minimize the environmental impact of its manufacturing processes. 

## Summary
Lamb Weston Holdings, Inc. is a leading player in the frozen potato product market, with a broad customer base, extensive operational capabilities, and a strong emphasis on product quality and innovation, which are crucial for maintaining its competitive edge in the global food industry.

Lamb Weston Holdings, Inc.

10-K / July 23, 2025

10-K / July 24, 2024

10-K / July 23, 2025

Company Summary: Lamb Weston Holdings, Inc.

Business Overview

Operations & Capabilities

Financial Highlights (Fiscal Year Ended May 25, 2025)

Summary