Company: LW
Filing Date: 2025-09-30
Form Type: 10-Q
Source: 0001679273-25-000070
Chunk: 55

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-09-30
Form: 10-Q
Item: Part I, Item 8
Chunk 55
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, 2025 and August 25, 2024, respectively.Thirteen Weeks EndedAugust 24,2025August 25,2024(in millions)North AmericaInternationalTotalNorth AmericaInternationalTotalNet Sales$1,084.6 $574.7 $1,659.3 $1,103.7 $550.4 $1,654.1 Other segment items (a)824.6 517.5 1,342.1 825.7 499.0 1,324.7 Segment Adjusted EBITDA (b)$260.0 $57.2 $317.2 $278.0 $51.4 $329.4 Unallocated corporate costs (c)(15.0)(30.0)Depreciation and amortization (d)96.3 91.4 Unrealized derivative gains(4.9)(8.9)Foreign currency exchange losses(4.7)0.6 Blue chip swap gains (e)— (16.6)Stock-based compensation10.6 9.5 Items impacting comparability:Cost Savings Program, Restructuring Plan, and other expenses (f)31.9 — Shareholder activism expense (g)4.0 — Pension settlement (h)13.1 — Interest expense, net43.7 45.2 Income before income taxes112.2 178.2 Income tax expense47.9 50.8 Net income$64.3 $127.4 ___________________________________________(a)Other segment items include cost of sales, selling, general, and administrative expenses, and equity method investment income or loss for each segment. (b)Segment Adjusted EBITDA includes the following:i.Net income (loss) associated with our equity method investments.ii.For the thirteen weeks ended August 25, 2024, an estimated $39 million loss related to a voluntary product withdrawal that was initiated in the fourth quarter of fiscal 2024. The total charge to reporting segments was approximately $21 million to the North America segment and approximately $18 million to the International segment.(c)Unallocated corporate costs include costs related to corporate support staff and support services, which include, but are not limited to, our administrative, information technology, human resources, finance, and accounting functions that are not specifically allocated to the segments. In the table, unallocated