Company: LW
Filing Date: 2025-08-07
Form Type: ARS
Source: 0001679273-25-000063
Chunk: 67

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-08-07
Form: ARS
Chunk 67
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 the International segment. ix. In fiscal 2024, we estimate that we incurred approximately $95 million of losses ($72 million after-tax) related to the ERP transition in the fiscal third quarter, including approximately $83 million in the North America segment, approximately $5 million in the International segment, and $7 million of unallocated corporate costs. x. In fiscal 2024, we recorded a $95.9 million 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. 35

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 Profit SG&A Equity Method Investment Earnings Fiscal Year Ended May 25, 2025 As 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 expenses . . . . . . . . . . . . . . . . . . . . . . .