Company: LW
Filing Date: 2025-08-07
Form Type: ARS
Source: 0001679273-25-000063
Chunk: 99

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-08-07
Form: ARS
Chunk 99
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 for the fiscal year ending May 31, 2026, on a prospective basis, with early adoption permitted. We adopted this guidance as of May 26, 2025, and will update disclosures within our fiscal 2026 Annual Report on Form 10-K. In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40), which requires companies to provide more detailed information of certain income statement expenses within the footnotes to the financial statements. ASU 2024-03 is effective for our fiscal 2028 Annual Report on Form 10-K, and interim periods beginning in our fiscal 2029, on a prospective basis, with early adoption permitted. We are evaluating the impact of adopting this ASU on our consolidated financial statements and related disclosures. There were no other accounting pronouncements recently issued that had or are expected to have a material impact on our Consolidated Financial Statements. 52

2. EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per common share for the periods presented: For the Fiscal Years Ended May (in millions, except per share amounts) 2025 2024 2023 Numerator: Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 357.2 $ 725.5 $ 1,008.9 Denominator: Basic weighted average common shares outstanding . . . . . . . . . . . . . . . . . . . . . 142.2 144.9 144.5 Add: Dilutive effect of employee incentive plans (a) . . . . . . . . . . . . . . . . . . . . . 0.5 0.8 0.7 Diluted weighted average common shares outstanding . . . . . . . . . . . . . . . . . . . 142.7 145.6 145.2 Earnings per share: Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .