Company: LW
Filing Date: 2025-08-07
Form Type: ARS
Source: 0001679273-25-000063
Chunk: 53

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-08-07
Form: ARS
Chunk 53
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 continue to prioritize french fries as a menu and at home item and that our customer win momentum that began in the second half of fiscal 2025 and the contribution of a 53rd week in fiscal 2026, with the additional week falling in the fourth quarter, will increase sales volumes, despite continued soft restaurant traffic. We expect earnings will decline as they are pressured by carryover price investments and new investments in fiscal 2026, overall input cost increases, net of the benefit of lower raw potato costs, incremental depreciation from the capacity expansions in the Netherlands and Argentina, and increased compensation and benefits as we normalize incentives, which will only be partially offset by benefits from the FY25 Restructuring Plan and Cost Savings Program. Our outlook does not include additional impacts of evolving trade policies, including additional changes in tariffs and retaliatory countermeasures. On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (“OBBBA”). Accounting Standards Codification (“ASC”) 740, Income Taxes, requires the effects of changes in tax rates and laws to be recognized in the period in which the legislation is enacted. We expect the OBBBA to primarily provide cash tax timing benefits with no material impact to the effective tax rate. We are evaluating the OBBBA impact and will provide further information related to the estimated effect on our fiscal 2026 financials in our Form 10-Q for the quarter ending August 24, 2025. Results of Operations Fiscal Year Ended May 25, 2025 Compared to Fiscal Year Ended May 26, 2024 For the Fiscal Years Ended May (in millions, except percentages) 2025 2024 % Increase (Decrease) Segment net sales North America . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,265.2 $ 4,363.2 (2)% International . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,186.1 2,104.4 4% $ 6,451.3 $ 6,467.6 —% Segment Adjusted EBITDA North America . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $