---
schema_version: "secwatch.filing_event.v1"
accession: "0001679273-24-000017"
form_type: "8-K"
ticker: "LW"
cik: "0001679273"
company_name: "Lamb Weston Holdings, Inc."
filed_at: "2024-04-04T23:59:59+00:00"
generated_at: "2026-06-04T02:20:49.970508+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ERP transition and potato write-off hit Lamb Weston's Q3; FY2024 outlook slashed

## Summary
- Q3 GAAP EPS $1.01 (-17% YoY); adjusted EPS $1.20 (-18%); net sales $1,458M (+16% but organic -12%).
- ERP transition cut Q3 sales ~$135M and Adj. EBITDA ~$95M; order fulfillment issues resolved by quarter-end.
- $25M pre-tax charge for excess raw potato write-off in Q3; full-year charge $95.9M.
- FY2024 guidance cut: net sales $6.54-6.60B (from $6.8-7.0B); adj. EPS $5.50-5.65 (from $5.70-6.15).
- North America segment Adj. EBITDA down 14% to $285.9M; International up 88% to $101.7M on LW EMEA consolidation.

## SEC filing metadata
- accession: 0001679273-24-000017
- form_type: 8-K
- ticker: LW
- cik: 0001679273
- company_name: Lamb Weston Holdings, Inc.
- filed_at: 2024-04-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679273/000167927324000017/0001679273-24-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679273/000167927324000017/lw-20240404.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001679273-24-000017
- JSON: https://secwatch.observer/filing/0001679273-24-000017.json
- Plain text: https://secwatch.observer/filing/0001679273-24-000017.txt

## Key facts
- Earnings Releases
  Lamb Weston Holdings, Inc. reported the fiscal third quarter 2024 results: revenue $1,458.3 million, net income $146.1 million, EPS $1.01. Guidance lowered.
  - Period: the fiscal third quarter 2024
  - Revenue: $1,458.3 million
  - Net income: $146.1 million
  - EPS: $1.01
  - Guidance: lowered
  - Result: reported results
  source text: North America and a $25 million pre-tax charge (1) for the write-off of excess raw potatoes • GAAP Results as Compared to Third Quarter Fiscal 2023: ◦ Net sales increased 16% to $1,458 million, including $357 million of incremental sales attributable to the LW EMEA Acquisition ◦ Income from operations declined 16% to $224 million ◦ Net income declined 17% to $146
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679273/000167927324000017/0001679273-24-000017-index.htm

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