Company: LW
Filing Date: 2025-09-30
Form Type: 10-Q
Source: 0001679273-25-000070
Chunk: 35

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-09-30
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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1.8 6.0 (1.1)(2.3)Foreign currency exchange gains and losses— — 4.7 (0.6)(0.8)0.1 Blue chip swap transaction gains— — — 16.6 — — Stock-based compensation— — (10.6)(9.5)1.6 1.5 Items impacting comparability:Cost Savings Program, Restructuring Plan, and other expenses(0.4)— — — 7.7 — Shareholder activism expense— — (4.0)— 0.9 — Pension settlement— — (13.1)— 3.0 — Total adjustments(3.5)(2.9)(21.2)12.5 11.3 (0.7)Adjusted$338.9 $353.1 $132.4 $156.4 $59.2 $50.1 

The following table reconciles net sales to net sales at constant currency. 

(in millions)Net SalesCurrencyNet Sales at Constant CurrencyThirteen Weeks Ended August 24, 2025North America$1,084.6 $0.8 $1,085.4 International574.7 (24.5)550.2 $1,659.3 $(23.7)$1,635.6 

Off-Balance Sheet Arrangements 

There have been no material changes to the off-balance sheet arrangements disclosed in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in the Form 10-K.

Critical Accounting Policies and Estimates 

A discussion of our critical accounting policies and estimates can be found in “Management's Discussion and Analysis of Financial Condition and Results of Operations” included in the Form 10-K. There were no material changes to these critical accounting policies and estimates during the first quarter of fiscal 2026.

New and Recently Adopted Accounting Pronouncements 

For a list of our new and recently adopted accounting pronouncements, see Note 1, Nature of Operations and Summary of Significant Accounting Policies, of the Condensed Notes to Consolidated Financial Statements in “Part I, Item I. Financial Statements” of this report. 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As we operate globally, we are primarily exposed