Lamb Weston Holdings, Inc. is a leading global producer, distributor, and marketer of value-added frozen potato products. It is the number one supplier of value-added frozen potato products in North America and a leading supplier internationally, with a strong presence in high-growth emerging markets. The company offers a broad product portfolio to a diverse channel and customer base in over 100 countries. French fries represent most of its value-added frozen potato product portfolio.

• Employees: Approximately 10,700 (as of July 17, 2024)
• Geographic Footprint: Operations in 33 countries
• Headquarters: Eagle, Idaho
• Founded: July 2016
• Number of locations/facilities: 27 production facilities
• Revenue: $6.47 billion (FY2024)
• Key Subsidiaries/Brands: Lamb Weston, Grown in Idaho, Alexia

• CEO: Thomas P. Werner
• CFO: Bernadette M. Madarieta
• President, North America: Sharon L. Miller
• Chief Information and Digital Officer: Sukshma Rajagopalan
• President, International: Marc Schroeder
• Chief Operating Officer: Michael J. Smith
• General Counsel and Chief Compliance Officer: Eryk J. Spytek
• Chief Human Resources Officer: Steven J. Younes

Key leaders have extensive experience in food and beverage, finance, and technology sectors.

• Annual Revenue: $6.47 billion (FY2024)
• Net Income: $725.5 million
• Total Assets: $7.37 billion
• Number of Employees: Approximately 10,700 (as of July 17, 2024)
• Key Financial Highlights: Net sales increased by 21% compared to the prior year, primarily driven by incremental sales related to the LW EMEA Acquisition. Net income declined by 28% as compared to the prior year, largely reflecting a non-cash gain in the prior year related to the LW EMEA Acquisition. Adjusted EBITDA increased 13% as compared to the prior year.

Main product categories include:

• Frozen Potatoes: Primarily french fries, sold under the Lamb Weston brand and other owned or licensed brands.
• Commercial Ingredients: Frozen potato products used as ingredients by other food manufacturers.
• Appetizers: A variety of frozen potato-based appetizers.

The company operates through two reportable segments:

• North America: Primarily includes frozen potato products sold in the United States, Canada, and Mexico.
• International: Primarily includes frozen potato products sold outside of North America.

In fiscal 2024, North America accounted for $4.36 billion in net sales and International accounted for $2.10 billion in net sales.

Lamb Weston's strategic priorities include:

• Driving growth through innovation by creating new products and enhancing existing products.
• Improving supply chain efficiency and productivity.
• Investing in production capabilities to support customer growth.
• Focusing on cost management and operational efficiency.
• Modernizing infrastructure.

The company is focused on long-term value creation and is making strategic investments in capacity expansion and technology upgrades.

The value-added frozen potato products industry is highly competitive. Key market trends include:

• Increasing demand for frozen potato products globally.
• Growing consumer preference for convenience foods.
• Rising costs for raw materials, energy, and transportation.

• Key Competitors: Agristo NV, Aviko B.V., Cavendish Farms Corporation, Clarebout Potatoes NV, Farm Frites International B.V., J.R. Simplot Company, The Kraft Heinz Company, and McCain Foods Limited.

• Market Risks: The company faces risks related to commodity price fluctuations, competition, and changing consumer preferences.
• Operational Risks: The company faces risks related to supply chain disruptions, labor shortages, and the implementation of new technologies, such as the new ERP system.
• Financial Risks: The company faces risks related to debt levels, interest rate fluctuations, and foreign currency exchange rates.
• Regulatory Risks: The company faces risks related to food safety regulations, environmental regulations, and trade policies.