olivLaw · US equity research
Lamb Weston Holdings, Inc. LW
Canned, Frozen & Preservd Fruit, Veg & Food Specialties · SIC 2030 · Vertical: Food products (SIC 203x)
Lamb Weston is the largest supplier of value-added frozen potato products in North America and an important international player, selling to quick service restaurants and retailers. Net sales in fiscal 2026 were 6612.3 million USD, and in the first quarter of fiscal 2027 the company reported results above its prior guidance while the International segment remains under pressure.
At the close of 04 Nov 2026, Lamb Weston Holdings, Inc. (LW) stock was 56.60 USD (+3.06% on the day), with market capitalisation 7.8 bn USD, P/E 30.8 on diluted EPS of 1.84 USD over the last 12 months, dividend yield 2.67%, beta 0.43, 52-week range 38.48–62.76 USD. Latest reported quarter (Q1 2027): revenue of 1.7 bn USD (+0.7% YoY), net income of 29.1 m USD (−54.7% YoY), diluted EPS 0.21 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 65.5
- strong (55–70)
- Bollinger (20, 2)
- 49.15 – 57.45
- in the upper half of the band · %B 0.90 · band width 15.6%
- SMA 50 / 200
- 50.00 / 46.78
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 1.83 / 1.64
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +27.0% | −1.1% | +28.1 pp | — |
| 3 months | +6.2% | −0.5% | +6.6 pp | — |
| 6 months | +30.9% | +4.4% | +26.5 pp | — |
| Year to date | +35.1% | +12.3% | +22.8 pp | — |
| 1 year | −8.7% | +13.5% | −22.3 pp | −32.9% |
| 3 years | −39.8% | +76.4% | −116.3 pp | −32.4% |
| 5 years | −1.8% | +63.7% | −65.5 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q1 2027 · 30 Aug 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.6 bn | 1.5 bn | 1.7 bn | 1.7 bn | 1.6 bn | 1.6 bn | 1.8 bn | 1.7 bn |
| Cost of revenue | 1.3 bn | 1.1 bn | 1.3 bn | 1.3 bn | 1.3 bn | 1.2 bn | 1.4 bn | 1.4 bn |
| Gross profit | 277.8 m | 422.5 m | 342.3 m | 342.4 m | 324.3 m | 331.6 m | 361.4 m | 266.5 m |
| SG&A | 184.7 m | 164.2 m | 140.7 m | 153.6 m | 171.0 m | 156.8 m | 183.2 m | 170.2 m |
| Operating income | 18.5 m | 248.7 m | 185.8 m | 156.5 m | 139.2 m | 126.6 m | 168.8 m | 82.2 m |
| Depreciation & amortisation | 120.5 m ≈ | 68.8 m ≈ | 95.0 m | 95.3 m | 96.2 m ≈ | 100.3 m ≈ | 104.9 m | 100.9 m |
| Pre-tax income | -22.7 m | 203.5 m | 141.3 m | 112.2 m | 98.1 m | 84.3 m | 123.5 m | 46.0 m |
| Income tax | 13.4 m | 57.5 m | 21.4 m | 47.9 m | 36.0 m | 30.3 m | 13.9 m | 16.9 m |
| Net income | -36.1 m | 146.0 m | 119.9 m | 64.3 m | 62.1 m | 54.0 m | 109.6 m | 29.1 m |
| Diluted EPS | -0.25 | 1.03 | 0.85 ≈ | 0.46 | 0.44 | 0.39 | 0.80 ≈ | 0.21 |
| Operating cash flow | 99.1 m ≈ | 56.0 m ≈ | 383.0 m | 352.0 m | 178.4 m ≈ | 65.2 m ≈ | 347.3 m | 234.8 m |
| Capex | 148.7 m ≈ | 75.8 m ≈ | 87.8 m | 77.6 m | 77.4 m ≈ | 101.5 m ≈ | 146.2 m | 88.7 m |
| Dividends paid | 51.6 m ≈ | 51.4 m ≈ | 52.2 m | 51.7 m | 51.6 m ≈ | 51.4 m ≈ | 52.8 m | 52.2 m |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 83 percentile of its own 40-quarter history (min 12.9, median 23.0, max 49.6; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.8 bn | 3.8 bn | 3.7 bn | 4.1 bn | 5.4 bn | 6.5 bn | 6.5 bn | 6.6 bn |
| Revenue YoY | +9.7% | +1.0% | −3.2% | +11.7% | +30.5% | +20.9% | −0.3% | +2.5% |
| Net income | 478.6 m | 365.9 m | 317.8 m | 200.9 m | 1.0 bn | 725.5 m | 357.2 m | 290.0 m |
| Net income YoY | +14.8% | −23.5% | −13.1% | −36.8% | +402.2% | −28.1% | −50.8% | −18.8% |
| Diluted EPS | 3.18 | 2.49 | 2.16 | 1.38 | 6.95 | 4.98 | 2.50 | 2.08 |
| Diluted EPS YoY | +12.8% | −21.7% | −13.3% | −36.1% | +403.6% | −28.3% | −49.8% | −16.8% |
| net % | 12.7% | 9.6% | 8.7% | 4.9% | 18.9% | 11.2% | 5.5% | 4.4% |
| Free cash flow | 346.7 m | 406.3 m | 405.5 m | 128.5 m | 107.7 m | -131.3 m | 230.1 m | 540.2 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 31 May 2026
- Cash
- 68.2 m USD
- Financial debt
- 3.9 bn USD
- Net debt
- 3.9 bn USD
- Equity
- 1.8 bn USD
- Total assets
- 7.4 bn USD
- Debt / equity
- 2.15x
- Current ratio
- 1.42x
- ROE
- 16.3%
- ROA
- 3.9%
- FCF margin
- 8.2%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 3.7 bn | 4.1 bn | 5.4 bn | 6.5 bn | 6.5 bn | 6.6 bn | SEC (XBRL)· 24 Jul 2026verified |
| Cost of revenue | 2.8 bn | 3.3 bn | 3.9 bn | 4.7 bn | 5.1 bn | 5.3 bn | SEC (XBRL)· 24 Jul 2026verified |
| Gross profit | 832.0 m | 832.0 m | 1.4 bn | 1.8 bn | 1.4 bn | 1.4 bn | SEC (XBRL)· 24 Jul 2026verified |
| Research & development | 12.9 m | 16.2 m | 17.2 m | 26.4 m | 22.0 m | 18.9 m | SEC (XBRL)· 24 Jul 2026verified |
| SG&A | 357.2 m | 387.6 m | 550.0 m | 701.4 m | 633.5 m | 664.6 m | SEC (XBRL)· 24 Jul 2026verified |
| Operating income | 474.8 m | 444.4 m | 882.1 m | 1.1 bn | 665.1 m | 591.1 m | SEC (XBRL)· 24 Jul 2026verified |
| Depreciation & amortisation | 187.8 m | 192.1 m | 222.8 m | 306.8 m | 374.8 m | 396.7 m | SEC (XBRL)· 24 Jul 2026verified |
| EBITDA | 662.6 m ≈ | 636.5 m ≈ | 1.1 bn ≈ | 1.4 bn ≈ | 1.0 bn ≈ | 987.8 m ≈ | SEC (XBRL)· 24 Jul 2026derived |
| Pre-tax income | 408.3 m | 272.7 m | 1.2 bn | 955.5 m | 500.3 m | 418.1 m | SEC (XBRL)· 24 Jul 2026verified |
| Income tax | 90.5 m | 71.8 m | 224.6 m | 230.0 m | 143.1 m | 128.1 m | SEC (XBRL)· 24 Jul 2026verified |
| Net income | 317.8 m | 200.9 m | 1.0 bn | 725.5 m | 357.2 m | 290.0 m | SEC (XBRL)· 24 Jul 2026verified |
| Diluted EPS | 2.16 | 1.38 | 6.95 | 4.98 | 2.50 | 2.08 | SEC (XBRL)· 24 Jul 2026verified |
| Weighted average diluted shares | 147.1 m | 145.9 m | 145.2 m | 145.6 m | 142.7 m | 139.1 m | SEC (XBRL)· 24 Jul 2026verified |
| Dividend per share | 0.93 | 0.96 | 1.05 | 1.28 | 1.46 | 1.50 | SEC (XBRL)· 24 Jul 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 783.5 m | 525.0 m | 304.8 m | 71.4 m | 70.7 m | 68.2 m | SEC (XBRL)· 24 Jul 2026verified |
| Receivables | 366.9 m | 447.3 m | — | — | — | — | SEC (XBRL)· 27 Jul 2022verified |
| Inventories | 513.5 m | 574.4 m | 932.0 m | 1.1 bn | 1.0 bn | 968.5 m | SEC (XBRL)· 24 Jul 2026verified |
| Current assets | 1.8 bn | 1.7 bn | 2.1 bn | 2.1 bn | 2.0 bn | 2.0 bn | SEC (XBRL)· 24 Jul 2026verified |
| Goodwill | 334.5 m | 318.0 m | 1.0 bn | 1.1 bn | 1.1 bn | 1.1 bn | SEC (XBRL)· 24 Jul 2026verified |
| Intangibles (excl. goodwill) | 36.9 m | 33.7 m | 110.2 m | 104.9 m | 114.0 m | 108.3 m | SEC (XBRL)· 24 Jul 2026verified |
| Total assets | 4.2 bn | 4.1 bn | 6.5 bn | 7.4 bn | 7.4 bn | 7.4 bn | SEC (XBRL)· 24 Jul 2026verified |
| Accounts payable | 359.3 m | 402.6 m | 636.6 m | 833.8 m | 616.4 m | 613.1 m | SEC (XBRL)· 24 Jul 2026verified |
| Short-term debt | 32.0 m | 32.2 m | 160.6 m | 326.3 m | 370.8 m | 249.4 m | SEC (XBRL)· 24 Jul 2026verified |
| Long-term debt | — | — | — | 3.8 bn | 3.8 bn | 3.7 bn | SEC (XBRL)· 24 Jul 2026verified |
| Current liabilities | 618.2 m | 699.1 m | 1.4 bn | 1.6 bn | 1.5 bn | 1.4 bn | SEC (XBRL)· 24 Jul 2026verified |
| Equity | 480.6 m | 360.5 m | 1.4 bn | 1.8 bn † | 1.7 bn † | 1.8 bn † | SEC (XBRL)· 24 Jul 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 552.7 m | 418.6 m | 761.7 m | 798.2 m | 868.3 m | 942.9 m | SEC (XBRL)· 24 Jul 2026verified |
| Capex | 147.2 m | 290.1 m | 654.0 m | 929.5 m | 638.2 m | 402.7 m | SEC (XBRL)· 24 Jul 2026verified |
| Free cash flow | 405.5 m ≈ | 128.5 m ≈ | 107.7 m ≈ | -131.3 m ≈ | 230.1 m ≈ | 540.2 m ≈ | SEC (XBRL)· 24 Jul 2026derived |
| Investing cash flow | -162.5 m | -310.5 m | -1.3 bn | -984.1 m | -648.0 m | -380.2 m | SEC (XBRL)· 24 Jul 2026verified |
| Financing cash flow | -974.0 m | -363.4 m | 340.8 m | -48.0 m | -225.0 m | -569.1 m | SEC (XBRL)· 24 Jul 2026verified |
| Dividends paid | 135.3 m | 138.4 m | 146.1 m | 174.0 m | 206.9 m | 207.5 m | SEC (XBRL)· 24 Jul 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 61 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 7.8 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation40
- Balance sheet87
- Quality92
- Growth30
- Returns63
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 19.71 – 26.51 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · not enough peers
- Peers: P/Eunavailable · not enough peers
- Dividend discount (DDM)19.71 – 26.51 (Mid 22.61)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 61/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 19.6% | 100 (vs peers) | 11% |
| Net margin · Quality | 3.8% | 71 (vs peers) | 7% |
| FCF conversion · Quality | 161.7% | 100 (on a fixed band) | 7% |
| Revenue CAGR 3Y · Growth | 7.3% | 61 (on a fixed band) | 9% |
| EPS CAGR 3Y · Growth | -33.1% | 0 (on a fixed band) | 9% |
| Net debt / EBITDA · Balance sheet | 0.1x | 100 (on a fixed band) | 11% |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.5x | 55 (on a fixed band) | 4% |
| P/E (TTM) · Valuation | 30.8x | 0 (on a fixed band) | 11% |
| EV/EBITDA · Valuation | 8.6x | 58 (on a fixed band) | 11% |
| FCF yield · Valuation | 5.3% | 66 (on a fixed band) | 9% |
| Shareholder yield (distributions) · Returns | 2.7% | 38 (on a fixed band) | 7% |
| Payout ratio (FCF) · Returns | 50.5% | 99 (on a fixed band) | 4% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet87/100 · 2/3 factors with a value
- Growth30/100 · 2/2 factors with a value
- Quality92/100 · 3/3 factors with a value
- Returns63/100 · 2/2 factors with a value
- Valuation40/100 · 3/3 factors with a value
Memo
LAMB WESTON HOLDINGS, INC. (LW). Latest full fiscal year: 2026; data up to 2026-08-30.
Figures computed from the financial statements: revenue 6.6 bn USD in 2026; YoY growth 2.5%; net margin 3.8%; ROE 14.2%; net debt/EBITDA 0.1x.
The estimated value range is 19.71–26.51 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 22.61 USD, the price of 56.60 USD leaves a potential of -60.1% (value / price − 1) and a margin of safety of -150.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 61/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 19.6%
- Net margin: 3.8%
- FCF conversion: 161.7%
- Net debt / EBITDA: 0.1x
- Payout ratio (FCF): 50.5%
What contradicts it
- EPS CAGR 3Y: -33.1%
- P/E (TTM): 30.8x
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): Interest coverage.
Versus the vertical median
Food products (SIC 203x) · same industry group (3-digit SIC) · compared with 7 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| KHCKraft Heinz Co | 30.1 bn | — | -9.0% | -14.0% | −3.5% | −0% / −28% |
| SJMJ M SMUCKER Co | 14.1 bn | 61.6 | 3.9% | 2.5% | +3.7% | +27% / +21% |
| LWLamb Weston Holdings, Inc. | 7.8 bn | 30.8 | 14.2% | 3.8% | +2.5% | −9% / −40% |
| MZTIThe Marzetti Company | 3.1 bn | 17.7 | 16.8% | 9.1% | +1.1% | −33% / −32% |
| BRFHBarfresh Food Group Inc. | 8.8 m | — | -364.2% | -17.9% | +32.6% | −83% / −61% |
| PLAGPlanet Green Holdings Corp. | 5.2 m | — | -706.0% | -308.0% | −35.2% | −86% / −89% |
| FAMIFarmmi, Inc. | 538.9 k | — | -36.1% | -189.8% | −56.4% | −94% / −99% |
| SENEASeneca Foods Corporation | — | — | 12.2% | 5.6% | +8.2% | +21% / +200% |
1- and 3-year price returns: for LW from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 34.65 Total return -37% · Per year -37% | 61.18 Total return 11% · Per year 11% | 92.05 Total return 66% · Per year 66% |
| 3 years | 35.56 Total return -31% · Per year -11% | 70.46 Total return 34% · Per year 10% | 116.11 Total return 117% · Per year 29% |
| 5 years | 36.49 Total return -24% · Per year -5% | 81.14 Total return 60% · Per year 10% | 146.46 Total return 181% · Per year 23% |
- Exit P/E± 17.61
- Net margin± 12.33
- Annual revenue growth± 9.86
- Annual dilution± 1.04
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Lamb Weston is the largest supplier of value-added frozen potato products in North America and an important international player, selling to quick service restaurants and retailers. Net sales in fiscal 2026 were 6612.3 million USD, and in the first quarter of fiscal 2027 the company reported results above its prior guidance while the International segment remains under pressure.
SWOT
Strengths
- Leading position in North America with long-term relationships with restaurant chains and distributors, reflected in steady volume growth 12.
- Solid cash generation from operations and a balance sheet that allows investment and capital returns to shareholders 12.
- Large production network and expanded capacity, including new investment in Argentina and facility modernization 1.
Weaknesses
Opportunities
- Demand growth in emerging markets and Latin America could support volumes if new capacity is used 1.
- The cost savings program and network optimization could improve margins if fully delivered 13.
- The Focus to Win strategy and the planned early 2027 investor day could clarify priorities across markets and channels 2.
Risks
- Input cost pressurehigh
The company may be unable to fully offset higher costs for raw materials, energy and transport, and hedging does not eliminate the risk 12.
- Customer concentrationhigh
A large share of sales comes from a few customers, so losing or renegotiating a major contract could significantly affect results 1.
- International segmentmedium
Market conditions in EMEA, competition and lower volumes have reduced segment results, and recovery remains uncertain 12.
- Labor and collective bargainingmedium
Part of the production workforce is unionized, and contracts expiring in the next year could lead to strikes or higher costs 1.
- Tariffs and trademedium
U.S. tariffs and retaliation by other countries could affect operations in Canada, Mexico and other markets if trade arrangements change 1.
Investment thesis
What would need to be true (bull case)
- If volume growth in North America continues and the savings program meets its targets, operating results could keep improving 23.
- Solid cash generation and lower capital spending could allow capital returns to shareholders without major balance sheet strain 12.
- Its leading North American position and relationships with large chains could offer stability against local competitors 1.
What would break the thesis
- If inflationary pressures persist and cannot be passed through in prices, margins could stay under pressure, especially internationally 12.
- Customer concentration and competition in fragmented markets could limit the company's bargaining power 1.
- If fiscal 2027 guidance is not met, investor confidence could be affected 3.
What to watch
- Delivery of updated guidance for Adjusted EBITDA and Adjusted diluted EPS2027
- Trend in International segment margins and input costs, especially EMEAQ2 2027
- Details of the Focus to Win strategy at the investor dayearly 2027
- Progress of the cost savings program and North America capacity optimizationnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Lamb Weston Holdings, Inc. is a producer, distributor and marketer of value-added frozen potato products, headquartered in Eagle, Idaho, with shares listed on the New York Stock Exchange under the symbol LW 1. The company says it is the number one supplier in North America and a leading international supplier, serving customers in over 100 countries, with french fries making up most of the portfolio 1. It operates 25 production facilities and sources part of its products through co-packing agreements 1.
Customers are concentrated: in fiscal 2026 the ten largest customers accounted for approximately 50% of net sales, and the largest, McDonald's, for approximately 15% 1. The company sells through internal sales staff and independent brokers, agents and distributors to chain restaurants, retailers and foodservice distributors 1.
Seasonality matters: potatoes harvested fresh in the Pacific Northwest of the U.S. and Europe from July to October process more efficiently, and the favorable costs flow through to the fiscal third quarter 1. Main raw materials are potatoes, edible oils, packaging, grains, starches and energy 1.
Segments
North America
The North America segment covers sales in the U.S., Canada and Mexico to restaurants, distributors, non-commercial channels and retailers, including customer private labels 1. In fiscal 2026 segment net sales were 4395.2 million USD and segment Adjusted EBITDA rose to 1142.4 million USD 1. In the first quarter of fiscal 2027 volume grew 7% and segment Adjusted EBITDA grew 11% 2.
International
The International segment covers sales outside North America, with operations in EMEA, Asia Pacific and Latin America 1. In fiscal 2026 sales were 2217.1 million USD, but segment Adjusted EBITDA fell 55% to 114.7 million USD, reflecting lower prices, higher manufacturing costs and an excess raw potato write-off 1. In the first quarter of fiscal 2027 sales fell 8%, mostly in Europe 2.
Market context
The company describes the value-added frozen potato market as highly competitive, with large North American and European players as well as local and regional companies, while international markets are fragmented 1. The company expects french fries to remain a menu and at-home favorite, assuming restaurant traffic stays flat 1.
Fiscal 2027 guidance calls for net sales up low single digits, low single-digit volume growth and earnings growth outpacing sales, if cost savings hold 21. Inflationary pressure on inputs and freight remains a risk to these estimates 2.
Trends
- North American volume growthtailwind
Volume in North America has grown steadily, supported by strong customer relationships and contract wins, which underpins sales 12.
- Operating efficiency and cost savingstailwind
The Cost Savings Program exceeded its first-year milestone, and capacity optimization in North America could support further savings if the trend continues 13.
- Input and transport inflationheadwind
The company flags inflation in oil, packaging, energy and transport, and Middle East tensions could extend cost volatility 12.
- Competition and pricing in EMEAmixed
Heavier competition and lower prices in Europe have reduced volumes and margins in the international segment, and the timing of recovery remains uncertain 12.
Competitive position
The company says the market is highly competitive, with large North American and European companies operating globally and local producers, some vertically integrated and able to produce at lower cost 1. Competitors differentiate on customer service, value, innovation, quality, brand and price 1.
In emerging markets such as Saudi Arabia, China and India, local production capacity has grown, adding pressure on prices 1. Some larger competitors have more financial and marketing resources than the company 1.
- McCain Foods Limited
Major frozen potato producer named by the company as a significant competitor; privately held, no ticker in the sources.
- The Kraft Heinz CompanyKHC
Food company named by the company as a significant competitor in the potato products category.
- J.R. Simplot Company
U.S. potato products producer, privately held, named as one of the significant competitors.
- Cavendish Farms Corporation
Canadian frozen potato producer, privately held, named by the company as a North American competitor.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Stocks making the biggest moves midday: Marvell, Moderna, Lamb Weston, Constellation Energy & moreCNBC — Top News · 06 Oct 2026 · EN
SEC filings
- Current report06 Oct 2026Departure or appointment of officers · Financial statements and exhibits
- Quarterly report06 Oct 2026
- Current report06 Oct 2026Results of operations · Financial statements and exhibits
- Current report16 Sept 2026Shareholder vote
- Proxy statement30 Jul 2026
- Annual report24 Jul 2026
- Current report24 Jul 2026Results of operations · Financial statements and exhibits
- Current report15 Jul 2026Departure or appointment of officers · Financial statements and exhibits
- Current report04 Jun 2026Exit or disposal costs
- Current report26 May 2026Material agreement · Termination of a material agreement · Creation of a direct financial obligation · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2026-05-31 · SEC / Lamb Weston Holdings, Inc. · 24 Jul 2026
- [2] Form 10-Q, quarter ended 2026-08-30 · SEC / Lamb Weston Holdings, Inc. · 06 Oct 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Lamb Weston Holdings, Inc. · 06 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.