Company: LW
Filing Date: 2025-04-03
Form Type: 10-Q
Source: 0001679273-25-000026
Chunk: 10

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-04-03
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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ITEM 1. FINANCIAL STATEMENTS (Unaudited)

Lamb Weston Holdings, Inc. 

Consolidated Statements of Earnings

(unaudited, in millions, except per share amounts)

Thirteen Weeks EndedThirty-Nine Weeks EndedFebruary 23,2025February 25,2024February 23,2025February 25,2024Net sales$1,520.5 $1,458.3 $4,775.5 $4,855.7 Cost of sales1,098.0 1,054.6 3,719.2 3,476.9 Gross profit422.5 403.7 1,056.3 1,378.8 Selling, general and administrative expenses164.2 179.8 492.8 526.0 Restructuring expense9.6 — 84.2 — Income from operations248.7 223.9 479.3 852.8 Interest expense, net47.3 35.7 135.8 95.5 Income before income tax expense and equity method earnings201.4 188.2 343.5 757.3 Income tax expense57.5 43.1 121.7 179.3 Equity method investment earnings2.1 1.0 15.5 17.8 Net income$146.0 $146.1 $237.3 $595.8 Earnings per share:Basic$1.03 $1.01 $1.66 $4.11 Diluted$1.03 $1.01 $1.66 $4.09 Weighted average common shares outstanding:Basic141.9144.5142.8145.0Diluted142.4145.3143.2145.8

See Condensed Notes to Consolidated Financial Statements.

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Table of Contents

Lamb Weston Holdings, Inc. 

Consolidated Statements of Comprehensive Income

(unaudited, dollars in millions)

Thirteen weeks ended February 23, 2025Thirteen weeks ended February 25, 2024Pre-TaxAmountTax(Expense)BenefitAfter-TaxAmountPre-Tax AmountTax (Expense) BenefitAfter-Tax AmountNet income$203.5 $(57.5)$146.0 $189