Lamb Weston(NYSE) LW

Lamb Weston Holdings, Inc. makes frozen french fries for restaurants and stores. These products help kitchens serve hot snacks and meals quickly. People eat these potato items at home and in fast-food chains.

What is on the Menu?

• North America: Frozen potatoes, commercial ingredients, and appetizers for restaurants and retailers in the U.S., Canada, and Mexico; segment net sales were $4,395.2 million in fiscal 2026.
• International: Frozen potato products sold outside North America to quick-service chains and foodservice distributors; segment net sales were $2,217.1 million in fiscal 2026.
• French Fries: The primary offering in the product portfolio, representing most of the company's value-added frozen potato items.
• Consumer Brands: Potato products sold under owned or licensed brand names including Grown in Idaho and Alexia.

Growing the Global Footprint

• Acquired the remaining equity interest in the European joint venture, Lamb-Weston/Meijer v.o.f., in February 2023.
• Opened a new production facility in Argentina during the first quarter of fiscal 2026 to serve the Latin American market.
• Completed capital growth initiatives to expand french fry capacity in the U.S. and the Netherlands by the end of fiscal 2025.
• Exceeded the first-year milestone of a cost savings program by delivering $100 million in structural savings during fiscal 2026.

More Than Just Fries

Lamb Weston operates 25 production facilities across eight countries and maintains sales support in 32 countries as of May 31, 2026. The company is the top supplier of value-added frozen potato products in North America and holds a 50% interest in the Lamb-Weston/RDO Frozen joint venture.

The Latest Fiscal Results

• Net sales rose 2% year over year to $6,612.3 million in the 53-week fiscal year ended May 31, 2026.
• Net income was $290.0 million in fiscal 2026, down from $357.2 million in fiscal 2025.
• Cash provided by operating activities increased $74.6 million to $942.9 million in fiscal 2026.
• Capital expenditures decreased by $240.6 million to $410.1 million in fiscal 2026 compared to the previous year.

How the Company Evolved

Lamb Weston has transformed into a global producer in the frozen potato industry through international acquisitions and expanded production capacity. Its focus on manufacturing efficiency and strategic partnerships helps it navigate shifting consumer demand and rising input costs.