Lamb Weston investor relations material
The king of french fries
Lamb Weston is one of the leading potato product manufacturers in the world. To make their scale more tangible, over 60 million portions of their potato fries are sold daily, both through B2B customers like McDonald’s and through their own branded consumer products.
Background and history
Founder of the world's first cutting machine
Lamb Weston was founded in 1950 by Gilbert Lamb, who invented the world’s first cutting machine designed to cut fries under high pressure. The company is actually the originator of both curly and crisscut fries as well. With over four billion in annual revenue and almost half a billion in EBIT, potatoes are undoubtedly a big business. Since the spin-off from ConAgra Brands in 2016, Lamb Weston’s stock has appreciated 145 percent. And that excludes dividends.