---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-013051"
form_type: "8-K"
ticker: "LW"
cik: "0001679273"
company_name: "Lamb Weston Holdings, Inc."
filed_at: "2021-10-07T23:59:59+00:00"
generated_at: "2026-06-28T22:16:20.935023+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lamb Weston Q1 EPS $0.20 (-67% YoY); cuts FY2022 outlook, margins pressured through year

## Summary
- Net sales up 13% to $984M, but income from operations down 56% to $60.2M; diluted EPS $0.20 vs $0.61.
- Adjusted EBITDA including JVs down 39% to $123.4M; foodservice volume up 35% but retail down 15%.
- FY2022 outlook: net income and EBITDA pressured; gross margins to remain below pre-pandemic levels; no longer expects H2 recovery.
- Reduced capex guidance to ~$450M from $650-700M; effective tax rate cut to ~22%.
- Returned $60.4M to shareholders: $34.4M dividends and $26.0M share repurchases (avg price $65.86).

## SEC filing metadata
- accession: 0001558370-21-013051
- form_type: 8-K
- ticker: LW
- cik: 0001679273
- company_name: Lamb Weston Holdings, Inc.
- filed_at: 2021-10-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679273/000155837021013051/0001558370-21-013051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679273/000155837021013051/lw-20211007x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-013051
- JSON: https://secwatch.observer/filing/0001558370-21-013051.json
- Plain text: https://secwatch.observer/filing/0001558370-21-013051.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.