Lamb Weston Holdings, Inc. produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels. The company also offers its products under its owned or licensed brands, such as Grown in Idaho and Alexia, and other licensed brands, as well as under retailers' brands. In addition, it engages in the vegetable and dairy businesses. The company serves retail and foodservice customers; and grocery, mass, club, and specialty retailers; and businesses, independent restaurants, regional chain restaurants, and convenience stores, as well as educational institutions. Lamb Weston Holdings, Inc. was founded in 1950 and is headquartered in Eagle, Idaho.
IPO Year: 2016
Exchange: NYSE
Website: lambweston.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/20/2024 | $90.00 → $68.00 | Buy → Neutral | Citigroup |
| 12/12/2024 | $81.00 | Hold | Deutsche Bank |
| 12/3/2024 | $85.00 | Mkt Perform | Bernstein |
| 10/7/2024 | $63.00 → $68.00 | Overweight → Neutral | JP Morgan |
| 7/26/2024 | Overweight → Equal Weight | Consumer Edge Research | |
| 7/25/2024 | $115.00 → $60.00 | Buy → Hold | Stifel |
| 7/25/2024 | $105.00 → $61.00 | Buy → Hold | TD Cowen |
| 3/11/2024 | $128.00 | Outperform | Exane BNP Paribas |
| 2/1/2024 | $132.00 | Buy | Citigroup |
| 12/12/2023 | $120.00 | Overweight | Wells Fargo |
Lamb Weston Holdings, Inc. (NYSE:LW) announced today the appointment of Michael J. Smith, current Chief Operating Officer of Lamb Weston, as President and Chief Executive Officer and as a member of the company's Board of Directors, effective January 3, 2025. Mr. Smith succeeds Thomas P. Werner, who is stepping down as CEO and as a member of the Board. Mr. Werner will serve in an advisory role through August 31, 2025 to ensure a smooth transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241219099424/en/Lamb Weston Announces Appointment of Michael J. Smith as President and Chief Executive Officer (Photo: Business Wire) Mr.
Believes Significant Board and Leadership Change Is Necessary to Improve Performance Absent Meaningful Board and Leadership Change, Lamb Weston Should Launch a Formal Review of Strategic Alternatives to Maximize Value for Shareholders JANA Partners ("JANA"), which together with its strategic and operating partners owns more than 5% of Lamb Weston Holdings, Inc. (NYSE:LW) ("Lamb Weston" or the "Company") and is one of the Company's largest shareholders, today sent a letter to the Company's Board of Directors reiterating its belief that significant Board and leadership change is needed at Lamb Weston, and that in its absence the Company should pursue a formal review of strategic alternati
Norman Prestage Joins Lamb Weston Board of Directors Lamb Weston Holdings, Inc. (NYSE:LW) announced the appointment of Norman Prestage to its Board of Directors, effective today. Mr. Prestage served as a partner at Ernst & Young, LLP, a professional services firm, until his retirement in June 2024. Mr. Prestage will also serve on the Board's Audit and Finance Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240926512900/en/Lamb Weston announces the appointment of Norman Prestage to its Board of Directors (Photo: Business Wire) "Norm brings a wealth of experience to our Board," said Tom Werner, President and CEO, Lamb We
Rita Fisher Joins Lamb Weston Board of Directors Lamb Weston Holdings, Inc. (NYSE:LW) announced the appointment of Rita Fisher, Chief Information Officer and Executive Vice President, Supply Chain, at Reynolds Consumer Products to its Board of Directors, effective today. "Rita is an excellent addition to the Board," said Tom Werner, President and CEO, Lamb Weston. "Her extensive experience in IT and Supply Chain will provide terrific insights to Lamb Weston's growth strategies." Ms. Fisher has served as the Chief Information Officer and Executive Vice President, Supply Chain of Reynolds Consumer Products since August 2017. Prior to joining Reynolds Consumer Products, she was the Vice
Lamb Weston Holdings, Inc. (NYSE:LW) today announced the appointment of Mike Smith as the company's Chief Operating Officer, effective May 29, 2023. Smith will continue to report to Tom Werner, President and Chief Executive Officer of Lamb Weston. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230413005174/en/Mike Smith was named Chief Operating Officer, effective May 29, 2023. (Photo: Business Wire) In this newly created position, Smith will have accountability for the Commercial, Supply Chain, Agriculture, Marketing and Innovation organizations for the company. "Creating this role helps position Lamb Weston for further growt
Tractor Supply Company (NASDAQ:TSCO), the largest rural lifestyle retailer in the United States, today announced that Andre Hawaux has been appointed as an independent member of its Board of Directors and its Audit Committee, effective July 1, 2022. Mr. Hawaux joins the Board following an impressive 37-year career across both the consumer packaged goods and retail industries, serving most recently as Chief Operating Officer of Dick's Sporting Goods. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220705005122/en/Andre Hawaux has been appointed as an independent member of the Tractor Supply Company Board of Directors and its Audit
THE WOODLANDS, Texas, Jan. 06, 2022 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced that it has appointed Maria Renna Sharpe as a new independent director to its Board. Ms. Sharpe brings more than 37 years of legal, human resources and accounting expertise to LGI Homes. She is the Managing Principal of Sharpe Human Solutions, LLC, a human resource consulting and commercial real estate investment company, and is a member of the Board of Directors of Lamb Weston Holdings, Inc. (NYSE:LW) where she serves as Chair of the Compensation and Human Capital Committee. Ms. Sharpe served as Senior Vice President, Global Human Capital Management, Services & Operations at PepsiCo
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Lamb Weston Holdings, Inc. (NYSE:LW) announced that Benjamin (Ben) Heselton has joined the company as its chief information officer. Heselton will lead the company's global technology strategy and will serve as a critical point of contact between all areas of the company and its technology execution. Heselton joins Lamb Weston from Wurth IT USA, where he served as the chief technology officer. As the leader of Wurth's digital organization, Heselton oversaw IT services for all Wurth North American Operations, led new global software development, partnered with other Wurth global IT organizations, and was a founding member of the company's Global Information Security Council. He held variou
Third Quarter Fiscal 2025 Highlights GAAP Results as Compared to Third Quarter Fiscal 2024: Net sales increased 4% to $1,521 million Income from operations increased 11% to $249 million Net income was essentially flat at $146 million Diluted EPS increased $0.02 to $1.03 Non-GAAP Results as Compared to Third Quarter Fiscal 2024: Adjusted Income from Operations(1) increased $1 million to $263 million Adjusted Net Income(1) declined 11% to $157 million Adjusted Diluted EPS(1) declined 8% to $1.10 Adjusted EBITDA(1) increased 6% to $364 million Returned $151 million to shareholders: paid $51 million in cash dividends to common shareholders and repurchased $100 million
The Board of Directors of Lamb Weston Holdings, Inc. (NYSE:LW) today declared a quarterly dividend of $0.37 per share of Lamb Weston common stock. The dividend is payable on May 30, 2025, to shareholders of record as of the close of business on May 2, 2025. About Lamb Weston Lamb Weston is a leading supplier of frozen potato products to restaurants and retailers around the world. For 75 years, Lamb Weston has led the industry in innovation, introducing inventive products that simplify back-of-house management for its customers and make things more delicious for their customers. From the fields where Lamb Weston potatoes are grown to proactive customer partnerships, Lamb Weston always stri
Lamb Weston Holdings, Inc. (NYSE:LW) will report its fiscal 2025 third quarter results on April 3, 2025. The news release will be issued before the market opens, followed by a conference call at 10:00 a.m. ET. The webcast and accompanying materials will be available on Lamb Weston's Investor Relations page at https://investors.lambweston.com/events-and-presentations. Alternatively, participants in the U.S. and Canada may access the conference call by dialing 888-394-8218; participants outside the U.S. and Canada should dial +1 323-994-2093. The conference ID is 5810021. A rebroadcast of the conference call will be available later in the day at the same location. About Lamb Weston Lamb
Lamb Weston Holdings, Inc. (NYSE:LW) announced today that it has received notice of an unsolicited "mini-tender" offer by TRC Capital Investment Corporation (TRC) dated February 11, 2025, to purchase up to 2,000,000 shares of Lamb Weston's common stock at a price of $55.95 per share in cash. TRC's offer price of $55.95 per share is approximately 4.34% lower than the $58.49 closing share price of Lamb Weston's common stock on February 10, 2025, the business day prior to the date of the offer. The offer represents approximately 1.4% of Lamb Weston's outstanding common stock as of that date. Lamb Weston does not endorse TRC's unsolicited offer or the offer documentation. Lamb Weston is not a
Highlights Overwhelming Investor Support for Significant Board and Leadership Change JANA Partners ("JANA"), which together with its strategic and operating partners, owns more than 5% of Lamb Weston Holdings, Inc. (NYSE:LW) ("Lamb Weston" or the "Company") and is one of the Company's largest shareholders, today sent a letter to the Company's Board of Directors (the "Board"). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250127978504/en/Excerpt of Quantitative Feedback from Perception Study (Graphic: Business Wire) The full text of the letter is below. January 27, 2025 Board of Directors, JANA Partners ("JANA," "we" or
JANA Partners ("JANA"), which together with its strategic and operating partners owns more than 5% of Lamb Weston Holdings, Inc. (NYSE:LW) ("Lamb Weston" or the "Company") and is one of the Company's largest shareholders, today issued the following statement: "Today's disastrous financial results and decision to swap its CEO for another long-standing Lamb Weston executive complicit in its widespread operational and strategic debacles is just the latest stick in the eye from a Board that has completely failed shareholders. Enough is enough: Lamb Weston requires significant board change or, in its absence, should be sold." About JANA Partners JANA Partners was founded in 2001 by Barry R
Lamb Weston Holdings, Inc. (NYSE:LW) announced today the appointment of Michael J. Smith, current Chief Operating Officer of Lamb Weston, as President and Chief Executive Officer and as a member of the company's Board of Directors, effective January 3, 2025. Mr. Smith succeeds Thomas P. Werner, who is stepping down as CEO and as a member of the Board. Mr. Werner will serve in an advisory role through August 31, 2025 to ensure a smooth transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241219099424/en/Lamb Weston Announces Appointment of Michael J. Smith as President and Chief Executive Officer (Photo: Business Wire) Mr.
Second Quarter Fiscal 2025 Highlights GAAP Results include a $159 million pre-tax charge related to the Restructuring Plan announced on October 1, 2024 GAAP Results as Compared to Second Quarter Fiscal 2024: Net sales declined 8% to $1,601 million Income from operations declined 94% to $19 million Net income declined $251 million to a loss of $36 million Diluted EPS declined $1.73 to a loss of $0.25 Non-GAAP Results as Compared to Second Quarter Fiscal 2024: Adjusted Income from Operations(1) declined 41% to $178 million Adjusted Net Income(1) declined 55% to $95 million Adjusted Diluted EPS(1) declined 54% to $0.66 Adjusted EBITDA(1) declined 25% to $282
Believes Significant Board and Leadership Change Is Necessary to Improve Performance Absent Meaningful Board and Leadership Change, Lamb Weston Should Launch a Formal Review of Strategic Alternatives to Maximize Value for Shareholders JANA Partners ("JANA"), which together with its strategic and operating partners owns more than 5% of Lamb Weston Holdings, Inc. (NYSE:LW) ("Lamb Weston" or the "Company") and is one of the Company's largest shareholders, today sent a letter to the Company's Board of Directors reiterating its belief that significant Board and leadership change is needed at Lamb Weston, and that in its absence the Company should pursue a formal review of strategic alternati
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Citigroup downgraded Lamb Weston from Buy to Neutral and set a new price target of $68.00 from $90.00 previously
Deutsche Bank initiated coverage of Lamb Weston with a rating of Hold and set a new price target of $81.00
Bernstein initiated coverage of Lamb Weston with a rating of Mkt Perform and set a new price target of $85.00
JP Morgan downgraded Lamb Weston from Overweight to Neutral and set a new price target of $68.00 from $63.00 previously
Consumer Edge Research downgraded Lamb Weston from Overweight to Equal Weight
Stifel downgraded Lamb Weston from Buy to Hold and set a new price target of $60.00 from $115.00 previously
TD Cowen downgraded Lamb Weston from Buy to Hold and set a new price target of $61.00 from $105.00 previously
Exane BNP Paribas initiated coverage of Lamb Weston with a rating of Outperform and set a new price target of $128.00
Citigroup initiated coverage of Lamb Weston with a rating of Buy and set a new price target of $132.00
Wells Fargo initiated coverage of Lamb Weston with a rating of Overweight and set a new price target of $120.00
Third Quarter Fiscal 2025 Highlights GAAP Results as Compared to Third Quarter Fiscal 2024: Net sales increased 4% to $1,521 million Income from operations increased 11% to $249 million Net income was essentially flat at $146 million Diluted EPS increased $0.02 to $1.03 Non-GAAP Results as Compared to Third Quarter Fiscal 2024: Adjusted Income from Operations(1) increased $1 million to $263 million Adjusted Net Income(1) declined 11% to $157 million Adjusted Diluted EPS(1) declined 8% to $1.10 Adjusted EBITDA(1) increased 6% to $364 million Returned $151 million to shareholders: paid $51 million in cash dividends to common shareholders and repurchased $100 million
The Board of Directors of Lamb Weston Holdings, Inc. (NYSE:LW) today declared a quarterly dividend of $0.37 per share of Lamb Weston common stock. The dividend is payable on May 30, 2025, to shareholders of record as of the close of business on May 2, 2025. About Lamb Weston Lamb Weston is a leading supplier of frozen potato products to restaurants and retailers around the world. For 75 years, Lamb Weston has led the industry in innovation, introducing inventive products that simplify back-of-house management for its customers and make things more delicious for their customers. From the fields where Lamb Weston potatoes are grown to proactive customer partnerships, Lamb Weston always stri
Lamb Weston Holdings, Inc. (NYSE:LW) will report its fiscal 2025 third quarter results on April 3, 2025. The news release will be issued before the market opens, followed by a conference call at 10:00 a.m. ET. The webcast and accompanying materials will be available on Lamb Weston's Investor Relations page at https://investors.lambweston.com/events-and-presentations. Alternatively, participants in the U.S. and Canada may access the conference call by dialing 888-394-8218; participants outside the U.S. and Canada should dial +1 323-994-2093. The conference ID is 5810021. A rebroadcast of the conference call will be available later in the day at the same location. About Lamb Weston Lamb
Second Quarter Fiscal 2025 Highlights GAAP Results include a $159 million pre-tax charge related to the Restructuring Plan announced on October 1, 2024 GAAP Results as Compared to Second Quarter Fiscal 2024: Net sales declined 8% to $1,601 million Income from operations declined 94% to $19 million Net income declined $251 million to a loss of $36 million Diluted EPS declined $1.73 to a loss of $0.25 Non-GAAP Results as Compared to Second Quarter Fiscal 2024: Adjusted Income from Operations(1) declined 41% to $178 million Adjusted Net Income(1) declined 55% to $95 million Adjusted Diluted EPS(1) declined 54% to $0.66 Adjusted EBITDA(1) declined 25% to $282
Lamb Weston Holdings, Inc. (NYSE:LW) will report its fiscal 2025 second quarter results on Thursday, December 19, 2024. The news release will be issued at approximately 6:00 a.m. EST. Lamb Weston will host a conference call on Thursday, December 19, 2024, at 8:00 a.m. EST to discuss the results. Participants in the U.S. and Canada may access the conference call by dialing 888-394-8218 and participants outside the U.S. and Canada should dial 1-323-994-2093. The conference ID is 5411916. The conference call may also be accessed live on the internet. Participants can register for the event here: https://event.webcasts.com/starthere.jsp?ei=1699372&tp_key=bd61c9987b A rebroadcast of the conf
First Quarter Fiscal 2025 Highlights GAAP Results as Compared to First Quarter Fiscal 2024: Net sales declined 1% to $1,654 million Income from operations declined 34% to $212 million Net income declined 46% to $127 million Diluted EPS declined 45% to $0.88 Non-GAAP Results as Compared to First Quarter Fiscal 2024: Adjusted Income from Operations(1) declined 43% to $187 million Adjusted Net Income(1) declined 56% to $105 million Adjusted Diluted EPS(1) declined 55% to $0.73 Adjusted EBITDA(1) declined 30% to $290 million Repurchased $82 million of common stock and paid $52 million in cash dividends to common shareholders Restructuring Plan Restructuring actions
The Board of Directors of Lamb Weston Holdings, Inc. (NYSE:LW) today declared a quarterly dividend of $0.36 per share of Lamb Weston common stock. The dividend is payable on Nov. 29, 2024, to stockholders of record as of the close of business on Nov. 1, 2024. About Lamb Weston Lamb Weston is a leading supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. For more than 70 years, Lamb Weston has led the industry in innovation, introducing inventive products that simplify back-of-house management for its customers and make things more delicious for their customers. From the fields where Lamb Weston potatoes are grown to proac
Lamb Weston Holdings, Inc. (NYSE:LW) will report its fiscal 2025 first quarter results on Tuesday, October 1, 2024. The news release will be issued at approximately 5:30 p.m. EDT. Lamb Weston will host a conference call on Wednesday, October 2, 2024, at 10:00 a.m. EDT to discuss the results. Participants in the U.S. and Canada may access the conference call by dialing 888-394-8218 and participants outside the U.S. and Canada should dial 1-323-994-2093. The conference ID is 3993446. The conference call may also be accessed live on the internet. Participants can register for the event here: https://event.webcasts.com/starthere.jsp?ei=1685794&tp_key=0c5e4acd51 A rebroadcast of the conferen
Fourth Quarter Fiscal 2024 Highlights GAAP Results as Compared to Fourth Quarter Fiscal 2023: Net sales declined 5% to $1,612 million Income from operations increased 14% to $213 million Net income declined 74% to $130 million Diluted EPS declined 74% to $0.89 Non-GAAP Results as Compared to Fourth Quarter Fiscal 2023: Adjusted Income from Operations(1) declined 26% to $191 million Adjusted Net Income(1) declined 40% to $114 million Adjusted Diluted EPS(1) declined 40% to $0.78 Adjusted EBITDA(1) declined 15% to $283 million Paid $52 million in cash dividends to common shareholders and repurchased $60 million of common stock Full Year Fiscal 2024 High
The Board of Directors of Lamb Weston Holdings, Inc. (NYSE:LW) today declared a quarterly dividend of $0.36 per share of Lamb Weston common stock. The dividend is payable on Aug. 30, 2024 to stockholders of record as of the close of business on Aug. 2, 2024. About Lamb Weston Lamb Weston is a leading supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. For more than 70 years, Lamb Weston has led the industry in innovation, introducing inventive products that simplify back-of-house management for its customers and make things more delicious for their customers. From the fields where Lamb Weston potatoes are grown to proa