Highest-materiality recent filing
Full-year FY2026 net sales $6,612M (+2% YoY), above guidance of $6,550M; adjusted EBITDA $1,147M, above $1,140M guidance.
Lamb Weston reduces inducement stock plan share reserve from 2M to 1.538M shares
Compensation Committee amended 2026 Inducement Stock Plan on July 13, 2026.
Lamb Weston to close Netherlands plant, expects $80-110M pre-tax charges
Board committed to close manufacturing facility in Broekhuizenvorst, the Netherlands.
Lamb Weston Chinese sub refinances with RMB 700M term loan due 2031
New RMB 700M (~$102.9M) term loan with HSBC-led syndicate, matures May 22, 2031.
Lamb Weston Q3 adj. EPS $0.72, down 37% YoY; raises FY2026 guidance
Net sales $1,564.8M (+3% YoY), diluted EPS $0.39 (-62% YoY), adj. diluted EPS $0.72 (-37% YoY).
Lamb Weston enters separation agreement with departing CFO Madarieta; $1.5M severance
Madarieta to serve as CFO through April 1, 2026, then as special advisor until April 30, 2026.
Lamb Weston appoints Craps Executive Chair (Feb 6) and Gray CFO (Apr 2)
Jan Craps appointed Executive Chair effective Feb 6; previously CEO of Budweiser APAC.
Lamb Weston closing Argentina plant; expects $50M-$60M charges in FY2026
Closure of Munro, Argentina facility; production consolidated to new Mar del Plata plant.
Lamb Weston Q2 net sales $1.62B, EPS $0.44; dividend raised 3%, FY26 outlook reaffirmed
Q2 net sales $1,618M (+1% YoY); volume up 8% offset by 8% price/mix decline on competitive pricing.
Lamb Weston Q1 revenue flat at $1.66B; adjusted EPS down 5% to $0.74; reaffirms FY2026 outlook
Net sales $1,659.3M, flat YoY; volume +6% offset by price/mix -7%.
Lamb Weston stockholders elect all 12 director nominees at 2025 annual meeting
All 12 directors elected with over 98% support for each nominee; broker non-votes of 13.6M shares.
Q4 net sales $1,675.8M (+4% YoY), volume +8%, price/mix -4%; diluted EPS $0.85, adjusted EPS $0.87.
Six new directors: Bradley Alford (Chairman), Ruth Kimmelshue, Timothy McLevish, Scott Ostfeld, Lawrence Kurzius, Paul Maass.
Lamb Weston Q3 net sales up 4% to $1.52B; reaffirms FY2025 outlook
Diluted EPS $1.03 (+$0.02 YoY); adjusted diluted EPS $1.10 (-8% YoY).
Lamb Weston warns of unsolicited mini-tender offer at 4.34% below market
TRC Capital offers to buy up to 2M shares at $55.95, ~4.34% below Feb. 10 close of $58.49.
Lamb Weston appoints COO Michael J. Smith as CEO; Werner steps down effective Jan 3, 2025
Smith, currently COO, becomes President & CEO and Board member on Jan 3, 2025; succeeds Thomas P. Werner.
Lamb Weston Q2 net loss $0.25 EPS; cuts FY2025 guidance, increases buyback by $250M
Q2 net sales $1,600.9M (-8% YoY); net loss $36.1M, diluted EPS ($0.25) vs prior year net income $215.0M.
Lamb Weston Chief Information & Digital Officer resigns effective Oct 25, 2024
Sukshma Rajagopalan notified resignation on Oct 11, 2024, effective Oct 25, 2024.
Lamb Weston Q1 EPS $0.88 (-45%); announces restructuring; cuts FY25 adj. EPS outlook to $4.15-$4.35
Net sales $1,654M (-1%); net income $127M (-46%); diluted EPS $0.88 (-45%); adjusted EPS $0.73 (-55%).
Lamb Weston appoints new director Norman Prestage, shareholders approve officer exculpation
Board appointed Norman Prestage (former Ernst & Young partner) as director, effective Sept 26, 2024.
Lamb Weston secures $500M new term loan, repays $300M existing facility
New $500M Term A-5 Loan replaces $300M Term A Loan; proceeds used to fully repay existing loan on Sept 27, 2024.
Lamb Weston Q4 net sales down 5%, adjusted EPS -40%; provides cautious FY2025 outlook
Q4 net sales $1,612M (-5% YoY); diluted EPS $0.89 (-74%); adjusted EPS $0.78 (-40%).
Lamb Weston ups revolver to $1.5B, extends maturity to 2029; adds €200M European term loan
Revolver commitments increased from $1.0B to $1.5B; maturity extended from Aug 2026 to May 2029.
ERP transition and potato write-off hit Lamb Weston's Q3; FY2024 outlook slashed
Q3 GAAP EPS $1.01 (-17% YoY); adjusted EPS $1.20 (-18%); net sales $1,458M (+16% but organic -12%).
Lamb Weston Q2 EPS $1.48 (+108%); raises FY EPS view to $5.70-6.15; dividend +29%
Q2 net sales $1.73B (+36% YoY), including $376M from EMEA acquisition; organic sales +6%.
Lamb Weston sets long-term targets, boosts buyback by $500M at Investor Day
Long-term targets: net sales growth low-to-mid single digits, EBITDA growth mid-to-high single digits, EPS growth high single digits.
Lamb Weston Q1: sales +48% to $1.67B, adj EPS $1.63; raises FY2024 outlook
Net sales $1,665M (+48% YoY); GAAP diluted EPS flat at $1.60; adj diluted EPS $1.63 (+109%).
Lamb Weston annual meeting elects 11 directors, approves say-on-pay and auditor ratification
All 11 director nominees elected with For votes ranging from 103M to 116M; broker non-votes 11.6M.
Lamb Weston restructures reportable segments to two; recasts FY2021-2023 financial data
Effective May 29, 2023, segments changed from four to North America and International.
Lamb Weston reports Q4 adj. EPS $1.22, up 91% YoY; FY2024 guidance $4.95-$5.40 EPS
Q4 net sales $1,695M (+47% YoY), GAAP EPS $3.40 vs $0.22; adjusted EPS $1.22 vs $0.64.
Lamb Weston appoints Reynolds' CIO Rita Fisher as director, board expands to 11
Rita Fisher appointed to Lamb Weston Board; effective July 19, 2023; board size increased from 10 to 11.
Lamb Weston appoints Mike Smith as COO effective May 29, 2023
Michael J. Smith promoted to COO; will oversee Commercial, Supply Chain, Agriculture, Marketing & Innovation.
Lamb Weston Q3 net sales +31% to $1.25B, adj. EPS $1.43; raises FY guidance
Q3 net sales $1,253.6M (+31% YoY); income from operations $266.3M (+99%); diluted EPS $1.21 (+66%).
Lamb Weston amends bylaws; adds proxy access for 3%+ holders starting 2024
Board approved amended bylaws effective March 23, 2023, with several governance updates.
Total consideration: €525M cash (subject to adjustments) plus 1,952,421 shares of LW common stock.
Lamb Weston enters $450M term loan amendment; extends existing loan maturity to 2026
Established new $450M Term A-3 Loan maturing Jan 31, 2030; proceeds to fund Lamb-Weston/Meijer acquisition.
Lamb Weston Q2: revenue $1,276.5M (+27%), adj EPS $1.28 (+172%); raises FY23 targets
Net sales $1,276.5M (+27% YoY); diluted EPS $0.71 (+223%); adjusted EPS $1.28 (+172%).
Lamb Weston to acquire full ownership of European JV for €700M
€700M purchase: €525M cash + €175M in LW stock (valued at VWAP).
Lamb Weston to acquire remaining 50% of European JV for €700M in cash and stock
Total consideration €700M: €525M cash + €175M in LW common stock.
Lamb Weston Q1 net sales up 14% to $1.126B; EPS $1.60, adj $0.75; reaffirms FY23 outlook
Net sales +14% to $1.126B; income from operations +161% to $157M.
Lamb Weston stockholders elect ten directors, approve say-on-pay, ratify KPMG at annual meeting
87.08% of outstanding shares were represented at the September 29, 2022 annual meeting.
Lamb Weston Q4 net sales up 14% to $1.15B; guides FY2023 sales $4.7-4.8B
Q4 adjusted diluted EPS $0.65, up 48% YoY; GAAP EPS $0.22 due to $62.7M Russia impairment charge.
Lamb Weston grants $19.6M in one-time equity awards to executives under retention program
CEO Thomas Werner receives total target value of $10.5M; other NEOs receive $1.8M to $2.7M.
Lamb Weston Q3 EPS $0.73 +62% YoY; raises FY gross margin outlook to 19-20%
Net income $106.6M, up 61% YoY; diluted EPS $0.73 vs $0.45.
Lamb Weston subsidiary enters RMB 1.079B term loan for China capex
Ulanqab Lamb Weston Food Co., Ltd. (wholly-owned LW subsidiary) signed Facility Agreement for RMB 1,079,000,000 (~USD 170.6M) term loan.
Lamb Weston Q2 EPS down 67%; FY22 gross margin outlook cut to 18-20%
Net sales up 12% to $1.01B; net income down 66% to $32.5M; diluted EPS $0.22 vs $0.66.
Lamb Weston issues $1.67B in senior notes: $970M at 4.125% due 2030, $700M at 4.375% due 2032
Issued $970M of 4.125% senior notes maturing Jan 31, 2030 and $700M of 4.375% senior notes maturing Jan 31, 2032.
Priced $970M of 4.125% senior notes due 2030 and $700M of 4.375% senior notes due 2032.
Lamb Weston Q1 EPS $0.20 (-67% YoY); cuts FY2022 outlook, margins pressured through year
Net sales up 13% to $984M, but income from operations down 56% to $60.2M; diluted EPS $0.20 vs $0.61.
Lamb Weston stockholders elect ten directors, approve say-on-pay, ratify KPMG
88.4% of outstanding shares represented at Sept. 23, 2021 annual meeting.
On October 11, 2024, Sukshma Rajagopalan notified Lamb Weston Holdings, Inc. (the “Company”) of her intention to resign as Chief Information and Digital Officer, effective October 25, 2024, to pursue another opportunity.
On September 26, 2024, the Board of Directors (the “Board”) of Lamb Weston Holdings, Inc. (“Lamb Weston” or “we”) increased the size of the Board from ten to eleven members and appointed Norman Prestage to serve as a director on the Board.
On July 19, 2023, the Board of Directors (the “Board”) of Lamb Weston Holdings, Inc. (“Lamb Weston” or “we”) increased the size of the Board from ten to eleven members and appointed Rita Fisher to serve as a director on the Board.
Marc Schroeder will become the Company’s President, International
On April 7, 2023, Michael J. Smith, Senior Vice President and General Manager of Foodservice, Retail, Marketing and Innovation of Lamb Weston Holdings, Inc. (“LW” or the “Company”), was appointed Chief Operating Officer of the Company, effective May 29, 2023.
Sharon Miller will become the Company’s President, North America
Mr. Jones will succeed Bernadette Madarieta, our current Vice President and Controller, who will assume the position of Senior Vice President and Chief Financial Officer on August 6, 2021.
On July 22, 2021, the Board of Directors of Lamb Weston Holdings, Inc. (“we,” “our, “us” or the “Company”) appointed Gregory W. Jones as our Vice President and Controller, effective August 6, 2021.
Max materiality 0.90 · Median 0.70 · Most common event earnings