Lamb Weston restructures reportable segments to two; recasts FY2021-2023 financial data

Lamb Weston Holdings, Inc.

Effective May 29, 2023, segments changed from four to North America and International.
FY2023 North America net sales $4,249.4M; segment income $989.8M.
FY2023 International net sales $1,101.2M; segment income $554.6M includes $425.8M acquisition gain.
Adjusted EBITDA definition expanded to include FX and unrealized derivative gains/losses; recast data does not change net income or EPS.

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