Lamb Weston Holdings, Inc., based in Eagle, Idaho, is a global leader in the production, distribution, and marketing of frozen potato products. Formed as a Delaware corporation in July 2016, the company operates under the ticker symbol "LW" on the New York Stock Exchange. Lamb Weston is organized into two main segments: North America and International. The North America segment caters to markets in the United States, Canada, and Mexico, supplying frozen potato products to various channels such as quick service and full-service restaurants, foodservice distributors, non-commercial outlets, and retailers. The International segment extends these services beyond North America, targeting similar customer bases globally.
The company maintains robust relationships with a diverse customer base, including prominent quick service and fast casual restaurant chains, global foodservice distributors, and large grocery retailers. Notably, McDonald's Corporation stands out as Lamb Weston's largest customer, contributing significantly to its consolidated net sales over the past few fiscal years.
Lamb Weston's primary inputs include potatoes, edible oils, packaging materials, grains, starches, and energy, sourced through strategic relationships with growers and suppliers. The company operates 27 production facilities, supplemented by co-packing arrangements, and has a presence in 33 countries, with production and processing facilities in eight of those countries. Continue reading...
The competitive landscape for Lamb Weston is intense, with major competitors in North America and Europe. The company differentiates itself through customer service, product innovation, quality, brand recognition, and the ability to meet evolving customer and consumer preferences.
Seasonality impacts Lamb Weston’s operations, with potato quality influencing production efficiency. The company employs around 10,700 people, including approximately 2,900 employees based outside the U.S. Lamb Weston emphasizes a diverse and inclusive workplace culture and is committed to equal pay and comprehensive employee benefits.
Innovation is a cornerstone of Lamb Weston's strategy, focusing on new product development, quality enhancement, and sustainability. The company is dedicated to reducing waste, conserving water, and improving food safety and quality through ongoing research and development initiatives.
Lamb Weston has demonstrated long-term growth and profitability, driven by sustainable practices, product innovation, and a commitment to customer satisfaction.