Lamb Weston Holdings (NYSE: LW) is a frozen potato products company that produces, distributes, and markets value-added frozen potato products to customers in over 100 countries. Revenue is transactional, generated through the sale of processed frozen potato products, with french fries representing the majority of the product portfolio. Lamb Weston is the number one supplier of value-added frozen potato products in North America and a significant supplier internationally, including in high-growth emerging markets. The company is headquartered in Eagle, Idaho and is incorporated in Delaware. As of the 10-K filed July 23, 2025, Lamb Weston operates 26 production facilities across domestic and international locations. The company is capital-intensive, carrying $3,687.9 million in property, plant, and equipment (net) and $1,090.2 million in goodwill as of May 25, 2025. CEO Michael J. Smith serves as President and Chief Executive Officer. The company pays a quarterly cash dividend and has an active share repurchase program.

Revenue model

Transactional sales of value-added frozen potato products, primarily french fries, sold to a diverse channel and customer base across more than 100 countries. Pricing reflects input costs including potatoes, edible oils, packaging, grains, starches, and energy. The company also sources a portion of products through co-packing arrangements.

Products and services

Value-added frozen potato products, with french fries representing the majority of the portfolio. Products are manufactured across 26 owned and leased production facilities domestically and internationally.

Customers and end markets

Diverse channel and customer base across more than 100 countries, including foodservice and retail end markets. The company has a strong presence in high-growth emerging markets internationally.

Value-chain role

Vertically integrated producer and distributor. Procures raw potatoes as the primary input, processes them at 26 production facilities, holds approximately 50 to 60 days of finished goods inventory, and distributes to end customers. Supplements own manufacturing with co-packing agreements.

Geographic exposure

North America (primary; number one market position), with international operations including production facilities in the Netherlands, Argentina, Australia, Austria, China, and Canada. Products sold in over 100 countries as of the 10-K filed July 23, 2025.

Source: SEC 10-K, filed 2025-07-23

Industry: Canned, Frozen & Preservd Fruit, Veg & Food Specialties Peers: Campbell's Co Conagra Brands Inc Flowers Foods Inc J.M. Smucker Co Mondelez International Inc McCormick & Company Inc Pilgrims Pride Corp Post Holdings Inc Tyson Foods Inc