Lamb Weston Holdings, Inc. (LW) Bundle
An Overview of Lamb Weston Holdings, Inc. (LW)
General Summary of Lamb Weston Holdings, Inc.
Lamb Weston Holdings, Inc. (LW) is a global leader in frozen potato products headquartered in Eagle, Idaho. The company produces a wide range of potato products for foodservice, retail, and industrial customers.
| Company Details | Specifics |
|---|---|
| Headquarters | Eagle, Idaho |
| Founded | 1950 |
| Product Categories | Frozen French Fries, Potato Wedges, Hashbrowns |
| Global Markets | North America, Europe, Asia, Latin America |
Financial Performance in Latest Reporting Period
Lamb Weston's financial performance for fiscal year 2023:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $4.81 billion |
| Net Income | $516 million |
| Gross Margin | 23.4% |
| Operating Cash Flow | $804 million |
Industry Leadership
Market Position Highlights:
- Approximately 70% market share in frozen potato products in North America
- Serves over 20,000 customers globally
- Operates 16 production facilities worldwide
- Exports products to more than 100 countries
Mission Statement of Lamb Weston Holdings, Inc. (LW)
Mission Statement Overview
Lamb Weston Holdings, Inc. (LW) Mission Statement focuses on global food production, specifically potato-based products, with a commitment to innovation and sustainability.
Core Mission Components
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Global Food Production | Potato processing and distribution | $4.6 billion annual revenue |
| Innovation Strategy | New product development | 17 R&D centers worldwide |
| Sustainability Focus | Environmental responsibility | 42% reduction in water usage since 2010 |
Strategic Objectives
- Produce 2.7 billion pounds of frozen potato products annually
- Serve customers in over 100 countries
- Maintain 85% market share in foodservice potato products
Operational Performance
Lamb Weston operates 20 manufacturing facilities across 5 continents, processing approximately 8 billion pounds of potatoes annually.
| Metric | 2024 Value |
|---|---|
| Total Employees | 5,400 |
| Global Market Presence | 6 continents |
| Annual Production Capacity | 2.7 billion pounds |
Key Performance Indicators
- Net Sales: $4.6 billion
- Operating Income: $712 million
- Global Customer Base: 15,000+ restaurants and food service providers
Vision Statement of Lamb Weston Holdings, Inc. (LW)
Vision Statement Strategic Framework
Lamb Weston Holdings, Inc. (LW) vision statement focuses on global potato product leadership, sustainable agricultural practices, and innovative food solutions.
Global Market Leadership ObjectivesKey vision components include:
- $4.8 billion annual revenue in 2023
- Presence in over 100 countries worldwide
- Market share of approximately 33% in global frozen potato products
| Market Segment | Global Market Position | Revenue Contribution |
|---|---|---|
| Frozen Potato Products | Global Leader | 62% of total revenue |
| Food Service | Top 3 Supplier | 24% of total revenue |
| Retail Segment | Significant Market Player | 14% of total revenue |
Environmental sustainability targets include:
- 40% reduction in greenhouse gas emissions by 2030
- Water usage reduction of 15% per metric ton of product
- 100% responsibly sourced potato supply by 2025
Technology investment metrics:
| Investment Category | Annual Allocation | Focus Area |
|---|---|---|
| R&D Expenditure | $85 million | Product Development |
| Digital Transformation | $45 million | Manufacturing Technology |
Agricultural production capabilities:
- Potato cultivation across 6 continents
- Approximately 70,000 acres of owned/contracted farmland
- Average potato yield of 25 tons per acre
Core Values of Lamb Weston Holdings, Inc. (LW)
Core Values of Lamb Weston Holdings, Inc. (LW) in 2024
Safety First Culture
Lamb Weston maintains a rigorous safety approach with documented metrics:
| Safety Metric | 2024 Performance |
|---|---|
| Total Recordable Incident Rate | 2.3 per 100 workers |
| Lost Time Injury Rate | 0.85 incidents per million work hours |
Sustainability Commitment
Environmental sustainability initiatives include:
- Water usage reduction: 22% decrease since 2020
- Carbon emissions reduction: 15.6% reduction from 2019 baseline
- Renewable energy adoption: 37% of total energy from renewable sources
Innovation and Quality
Research and development investment:
| R&D Metric | 2024 Data |
|---|---|
| Annual R&D Expenditure | $42.3 million |
| New Product Launches | 17 potato-based innovations |
Diversity and Inclusion
Workforce diversity statistics:
- Women in leadership roles: 34%
- Racial/ethnic minority representation: 28%
- Pay equity ratio: 1.02 (women to men)
Community Engagement
Community investment metrics:
| Community Investment Category | 2024 Contribution |
|---|---|
| Total Charitable Donations | $2.7 million |
| Employee Volunteer Hours | 12,450 hours |
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