ADDED
As of July 17, 2025, the registrant had 139,300,813 shares of common stock, par value $1.00 per share, outstanding.
Words such as will, continue, may, expect, believe, reduce, estimate, decline, benefit, focus, strengthen, achieve, deliver, remain, drive, increase, improve, grow, invest, evaluate, perform, create, take, support, win, outlook, and variations of such words and similar expressions are intended to identify forward-looking statements.
Examples of forward-looking statements include, but are not limited to, statements regarding our business and financial outlook and prospects, our plans and strategies and anticipated benefits therefrom, including restructuring plans and other cost-savings or efficiency initiatives, capital expenditures and investments, innovation, employee safety and human capital, pricing actions, operational costs, cash flows, liquidity, dividends, share repurchases, and anticipated conditions in our industry and the global economy.
( LW EMEA ); risks associated with other possible acquisitions; our debt levels; actions of governments and regulatory factors affecting our businesses; our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; and other risks described in our reports filed from time to time with the United States ( U.S.
Management s Discussion and Analysis of Financial Condition and Results of Operations and Note 13, Segments, of the Notes to Consolidated Financial Statements in Part II, Item 8.
For more information, see Note 6, Other Assets, of the Notes to Consolidated Financial Statements in Part II, Item 8.
Products are generally shipped from warehouse distribution centers where they are consolidated for shipment to customers if an order includes products manufactured in more than one production facility or product category.
Some customers also pick up their orders at distribution centers.
A relatively limited number of customers account for a large percentage of our consolidated net sales.
In fiscal 2025, our ten largest customers accounted for approximately 50% of our net sales.
REMOVED
As of July 17, 2024, the registrant had 143,670,633 shares of common stock, par value $1.00 per share, outstanding.
Words such as will, continue, may, expect, anticipate, would, could, believe, estimate, leverage, create, reduce, strive, focus, intends, increase, implement, deliver, manage, mitigate, grow, drive, benefit, support, evaluate, enhance, maintain, improve, invest, outlook, and variations of such words and similar expressions are intended to identify forward-looking statements.
Examples of forward-looking statements include, but are not limited to, statements regarding our business and financial outlook and prospects, our plans, execution, capital expenditures and investments, innovation, employee safety and human capital, operational costs, volume growth, pricing actions, supply chain productivity savings, cash flows, liquidity, dividends, share repurchases , enterprise resource planning ( ERP ) system implementation, integration of our former European joint venture, Lamb-Weston/Meijer v.o.f.
( LW EMEA ), and inflation, demand for our products; our cost structure; other conditions in our industry, and the global economy.
Segments We have two reportable segments: North America and International.
In July 2022, we acquired an additional 40% interest in Lamb Weston Alimentos Modernos S.A.
In addition, in February 2023, we acquired the remaining 50% equity interest in LW EMEA, our joint venture in Europe.
With the completion of the transactions, we own 90% and 100% of the equity interests in LWAMSA and LW EMEA, respectively.
Accordingly, we consolidated LWAMSA s and LW EMEA s financial results in our Consolidated Financial Statements beginning in the first and fourth quarters of our fiscal 2023, respectively.
Prior to their respective acquisitions, we accounted for our investments in LW EMEA and LWAMSA under the equity method of accounting.