Lamb Weston (LW) 21st Annual Global Farm to Market Conference summary

Leadership transition and strategic focus

• New CFO brings financial discipline and aims to drive sustained, profitable growth under a redefined strategy focused on customers and returns.

• Emphasis on leveraging strong data systems and AI readiness to support operational improvements.

• Priorities for the next 12 months include finalizing annual operating plans, engaging with shareholders, and deepening team integration.

Operational excellence and cost management

• Achieved significant cost savings through manufacturing optimization, improved routines, and efficient capital deployment.

• Targeting $250 million in run-rate savings by fiscal 2028, with $100 million already set for fiscal 2026.

• Focus on disciplined capital investment and improving ROIC, with a preference for debt reduction over capacity expansion.

Customer relationships and innovation

• Maintains long-term partnerships with major food service and retail customers, emphasizing quality and service.

• Product innovation targets expanding into new restaurant segments and enhancing menu value through new cuts, coatings, and flavors.

• Strong presence in both branded and private label retail, leveraging licensing and unique product offerings.