蓝威斯顿控股 2025年季度报告

As of December12, 2025, the Registrant had 138,879,884 shares of common stock, par value $1.00 per share, outstanding. Table of Contents Part I. FINANCIAL INFORMATION Item 1Financial Statements (Unaudited)Consolidated Statements of EarningsConsolidated Statements of Comprehensive IncomeConsolidated Balance SheetsConsolidated Statements of Stockholders’ EquityConsolidated Statements of Cash FlowsCondensed Notes to Consolidated Financial Statements (Unaudited)Item 2Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3Quantitative and Qualitative Disclosures About Market RiskItem 4Controls and Procedures Part II. OTHER INFORMATION Item 1Legal ProceedingsItem 1ARisk FactorsItem 2Unregistered Sales of Equity Securities and Use of ProceedsItem 3Defaults Upon Senior SecuritiesItem 4Mine Safety DisclosuresItem 5Other InformationItem 6Exhibits Signature PART I — FINANCIAL INFORMATION Lamb Weston Holdings, Inc.Consolidated Statements of Earnings Lamb Weston Holdings, Inc.Consolidated Balance Sheets(unaudited, dollars in millions, except share data) November 23,2025May 25, 2025 Lamb Weston Holdings, Inc.Consolidated Statements of Stockholders’ Equity Lamb Weston Holdings, Inc.Consolidated Statements of Cash Flows Lamb Weston Holdings, Inc.Condensed Notes to Consolidated Financial Statements 1. NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Lamb Weston Holdings, Inc. (“we,” “us,” “our,” the “Company,” or “Lamb Weston”) is a leading global producer, distributor,and marketer of value-added frozen potato products; headquartered in Eagle, Idaho. We have two reportable segments: North America Basis of Presentation The accompanying unaudited Consolidated Financial Statements present the financial results of Lamb Weston and itsconsolidated subsidiaries for the thirteen and twenty-six weeks ended November23, 2025 and November24, 2024, and have been These consolidated financial statements are unaudited and include all adjustments that we consider necessary for a fairpresentation of such financial statements and consist only of normal recurring adjustments. The preparation of financial statementsinvolves the use of estimates and accruals. The actual results that we experience may differ materially from those estimates. Results These financial statements and related condensed notes should be read together with the consolidated financial statements andnotes in our Annual Report on Form 10-K for the fiscal year ended May25, 2025 (the “Form 10-K”), where we include additionalinformation on our critical accounting estimates, policies, and the methods and assumptions used in our estimates. We filed the Form Certain amounts from prior period consolidated financial statements have been reclassified to conform with current periodpresentation. These reclassifications had no financial impact on previously reported net income, cash flows, or stockholders’ equity. Accounting Pronouncements In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09,Income Taxes (Topic 740): Improvements to Income Tax Disclosures, to enhance transparency and decision usefulness of incometax disclosures, particularly around rate reconciliations and income taxes paid information. ASU 2023-09 is effective for our AnnualReport on Form 10-K for the fiscal year ending May 31, 2026, on a prospective basis, with early adoption permitted. We adopted this In November 2024, the FASB issued ASU 2024-03,Income Statement - Reporting Comprehensive Income - ExpenseDisaggregation Disclosures (Subtopic 220-40), which requires companies to provide more detailed information of certain incomestatement expenses within the footnotes to the financial statements. ASU 2024-03 is effective for our Annual Report on Form 10-K for In September 2025, the FASB issued ASU 2025-06,Intangibles - Goodwill and Other - Internal - Use Software (Subtopic350-40):Targeted Improvements to Accounting for Internal-Use Software. This guidance provides criteria that must be met for entitiesto capitalize software development costs and factors to consider if there is significant uncertainty associated with the developmentactivities of software. This guidance is effective for our annual reporting periods beginning withfiscal 2029 and interim periods within There were no other accounting pronouncements recently issued that had or are expected to have a material impact on ourconsolidated financial statements. 2. EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per common share for the periods presented: 3. INCOME TAXES Income tax expense for the periods presented were as follows: Income Taxes Paid 4. RESTRUCTURING We announced a cost savings program (the “Cost Savings Program”) in July 2025 and a restructuring plan (the “RestructuringPlan”) in October 2024, (collectively referred to as the “Plans”). Items classified