Company: LW
Filing Date: 2025-07-23
Form Type: 10-K
Source: 0001679273-25-000049
Chunk: 96

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-07-23
Form: 10-K
Item: Item 7
Chunk 96
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 charge ($72.9 million after-tax, or $0.50 per share) related to a write-off of excess raw potatoes. The total charge to the reporting segments was as follows: $86.0 million to the North America segment and $9.9 million to the International segment.

(b)Depreciation and amortization included interest expense, income tax expense, and depreciation and amortization from equity method investments of $8.2 million and $8.3 million for fiscal 2025 and 2024, respectively.

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The following tables reconcile gross profit to Adjusted Gross Profit, SG&A to Adjusted SG&A, and Equity Method Investment Earnings to Adjusted Equity Method Investment Earnings: 

(in millions)Gross ProfitSG&AEquity Method Investment EarningsFiscal Year Ended May 25, 2025As reported$1,398.6 $633.5 $15.2 Unrealized derivative gains and losses(13.4)9.7 — Foreign currency exchange losses— (15.2)— Blue chip swap transaction gains— 21.1 — Items impacting comparability:Restructuring Plan and other expenses75.3 — 10.5 Shareholder activism expense— (5.2)— Total adjustments61.9 10.4 10.5 Adjusted (a)$1,460.5 $643.9 $25.7 Fiscal Year Ended May 26, 2024As reported$1,766.7 $701.4 $26.0 Unrealized derivative gains and losses(28.7)(3.8)— Foreign currency exchange losses— (28.6)— Blue chip swap transaction gains— 18.0 — Items impacting comparability:Inventory step-up from acquisition20.7 — — Integration and acquisition-related items, net— (12.8)— Total adjustments(8.0)(27.2)— Adjusted (a)$1,758.7 $674.2 $26.0 

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(a)See the footnotes in the reconciliation of net income to Adjusted EBITDA above for a discussion of the items impacting comparability.

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