Lamb Weston Hold Stock Price, News & Analysis

JANA Partners, owning approximately 7% of Lamb Weston (NYSE: LW), has released an open letter to shareholders highlighting overwhelming support for significant board changes. According to a May 2025 third-party perception study covering 80% of top 70 shareholders, over 80% support a significant board overhaul, with a majority favoring complete board restructuring. The study revealed extremely low confidence in the current board, scoring just 1.3 out of 10. JANA criticizes the board's failures in overseeing operations, capital allocation, management, CEO succession, and executive compensation, which they claim has led to billions in destroyed shareholder value. The activist investor particularly emphasized shareholders' criticism of the board's handling of CEO succession, describing it as haphazard and superficial.

Lamb Weston Holdings (NYSE: LW) has appointed Benjamin (Ben) Heselton as its new Chief Information Officer. Heselton joins from Wurth IT USA, where he served as Chief Technology Officer, bringing 18 years of experience with The Wurth Group in various leadership roles. In his new position, he will lead Lamb Weston's global technology strategy and serve as a key liaison between all company departments and technology execution.

CEO Mike Smith highlighted Heselton's strong technology leadership track record and solutions-driven approach. Heselton expressed enthusiasm about partnering with the Global Technology Services team to leverage technology for operational excellence and growth at Lamb Weston, a leading global supplier of frozen potato and sweet potato products.

Lamb Weston (NYSE: LW) reported Q3 fiscal 2025 results with net sales increasing 4% to $1.52 billion and income from operations rising 11% to $249 million. The company's net income remained flat at $146 million, while diluted EPS increased slightly to $1.03.

Key financial metrics included Adjusted EBITDA growth of 6% to $364 million, though Adjusted Net Income declined 11% to $157 million. The company returned $151 million to shareholders through $51 million in dividends and $100 million in share repurchases.

The company has engaged AlixPartners to evaluate value creation and cost savings opportunities. Management reaffirmed its fiscal 2025 outlook, targeting:

• Net sales of $6.35-6.45 billion
• Adjusted EBITDA of $1.17-1.21 billion
• Adjusted Diluted EPS of $3.05-3.20

Volume increased 9% year-over-year, though price/mix declined 5% due to planned pricing investments in response to competitive pressures in North America and International segments.

Lamb Weston Holdings (NYSE: LW) has announced its latest quarterly dividend payment. The company's Board of Directors has declared a dividend of $0.37 per share of common stock. The dividend will be distributed to shareholders who are on record as of the close of business on May 2, 2025. The payment is scheduled for May 30, 2025.

Lamb Weston Holdings (NYSE: LW) has scheduled its fiscal year 2025 third quarter earnings release for April 3, 2025. The company will issue its financial results before market opening, followed by a conference call at 10:00 a.m. ET.

Investors can access the webcast and related materials through Lamb Weston's Investor Relations webpage. For those preferring telephone access, U.S. and Canadian participants can dial 888-394-8218, while international participants should use +1 323-994-2093, with conference ID 5810021. A replay of the conference call will be made available later that day on the company's investor website.

Lamb Weston Holdings (NYSE: LW) has issued a response to an unsolicited 'mini-tender' offer from TRC Capital Investment . TRC is attempting to purchase up to 2,000,000 shares (approximately 1.4%) of Lamb Weston's common stock at $55.95 per share, which is 4.34% below the February 10, 2025 closing price of $58.49.

The company explicitly states it does not endorse TRC's offer and has no affiliation with TRC or the offer. Mini-tender offers, which target less than 5% of shares outstanding, avoid many SEC disclosure requirements and investor protections that apply to larger tender offers.

The offer is set to expire on March 13, 2025, at 11:59 p.m. New York City time. Lamb Weston advises shareholders to exercise caution, obtain current market quotations, and consult with financial advisors before making any decisions.

JANA Partners, owning over 5% of Lamb Weston Holdings (NYSE: LW), sent a critical letter to the company's Board of Directors highlighting significant shareholder dissatisfaction. The letter follows LW's December 19, 2024 earnings report, which showed poor financial performance and resulted in a 20% stock drop.

The key issues raised include: repeated guidance cuts, questionable leadership changes (replacing CEO with a 17-year veteran COO), and poor operational execution. A perception study of 70% of top 70 LW shareholders revealed widespread frustration with management and board performance.

JANA threatens to present alternative director candidates at the 2025 Annual Meeting if the board remains resistant to change. The activist investor suggests either implementing significant board and leadership changes or pursuing a sale transaction, noting over $6 billion in value destruction.

JANA Partners, owning over 5% of Lamb Weston Holdings (NYSE: LW), issued a critical statement following the company's financial results and management change. As one of LW's largest shareholders, JANA strongly criticized the company's decision to replace its CEO with another long-term Lamb Weston executive, describing the financial results as 'disastrous' and the management change as inadequate. JANA demands either significant board changes or the sale of the company, stating the current board has 'completely failed shareholders.'

Lamb Weston Holdings (NYSE: LW) has announced that Michael J. Smith, current Chief Operating Officer, will become President and CEO effective January 3, 2025. Smith, who joined the company in 2007, will succeed Thomas P. Werner, who is stepping down but will serve in an advisory role through August 31, 2025.

Under Werner's leadership, Lamb Weston achieved significant growth, doubling both sales and EBITDA, and increasing stock price by more than 150%. Smith, who has served in various senior leadership roles during his 17-year tenure, brings extensive experience in driving growth across multiple areas of the company. His appointment represents the culmination of a years-long succession planning process by the Board.