Company: LW
Filing Date: 2025-09-30
Form Type: 10-Q
Source: 0001679273-25-000070
Chunk: 7

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-09-30
Form: 10-Q
Item: Part I, Item 1
Chunk 7
---
ITEM 1. FINANCIAL STATEMENTS (Unaudited)

Lamb Weston Holdings, Inc. 

Consolidated Statements of Earnings

(unaudited, in millions, except per share amounts)

Thirteen Weeks EndedAugust 24,2025August 25,2024Net sales$1,659.3 $1,654.1 Cost of sales1,316.9 1,298.1 Gross profit342.4 356.0 Selling, general and administrative expenses153.6 143.9 Restructuring expense32.3 — Income from operations156.5 212.1 Interest expense, net43.7 45.2 Income before income taxes and equity method earnings112.8 166.9 Income tax expense47.9 50.8 Equity method investment earnings (loss)(0.6)11.3 Net income$64.3 $127.4 Earnings per share:Basic$0.46 $0.89 Diluted$0.46 $0.88 Weighted average common shares outstanding:Basic139.5143.6Diluted139.8144.2

See Condensed Notes to Consolidated Financial Statements.

3

Table of Contents

Lamb Weston Holdings, Inc. 

Consolidated Statements of Comprehensive Income

(unaudited, dollars in millions)

Thirteen weeks ended August 24, 2025Thirteen weeks ended August 25, 2024Pre-TaxAmountTax(Expense)BenefitAfter-TaxAmountPre-Tax AmountTax (Expense) BenefitAfter-Tax AmountNet income$112.2 $(47.9)$64.3 $178.2 $(50.8)$127.4 Other comprehensive income (loss):Unrealized pension and post-retirement benefit obligations gain (loss)6.3 (1.0)5.3 (0.2)— (0.2)Unrealized currency translation gains41.3 — 41.3 56.6 (0.6)56.0 Other— — — (0.2)0.1 (0.1)Comprehensive income$159.8 $(48.9)$110.9 $234.4 $(51.3)$183.1 

See Condensed Notes to Consolidated Financial Statements.

4