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Lamb Weston Holdings, Inc. (LW) Q1 2025 earnings call transcript

Posted on by darion

Lamb Weston Holdings, Inc. (NYSE:LW) Teleconference regarding results for the first quarter of 2025, October 2, 2024 at 10:00 ET

Company Participants

Tom Werner – President, CEO
Bernadette Madarieta – CFO
Dexter Congbalay – Vice President of Investor Relations

Conference call participants

Andrew Lazar – Barclays
Ken Goldman – JPMorgan
Peter Galbo – Bank of America
Tom Palmer – Citi
Adam Samuelson-Goldman Sachs
Robert Moskow – TD Cowen
Rob Dickerson – Jefferies
Marc Torrente – Wells Fargo Securities
Matt Smith – Stifel
Carla Casella – JPMorgan

Operator

Good morning! Welcome to Lamb Weston’s fiscal first quarter 2025 earnings call. Today’s call is being recorded. At this moment I would like to turn the call over to Dexter Congbalay. Please continue.

Dexter Congbalaya

Good morning and thank you for joining us on the Lamb Weston Q1 2025 financial results call. Yesterday we published a press release regarding the financial results, which is available on our website www.lambweston.com.

Please note that during our remarks, we will make forward-looking statements about the company’s expected performance that are based on our view of the situation today. Actual results may vary materially due to risks and uncertainties. More details about our forward-looking statements can be found in the cautionary statements and risk factors contained in our SEC filings.

Some of today’s considerations include non-GAAP financial measures. These non-GAAP financial measures should not be considered a substitute but should be read in conjunction with our GAAP results. Reconciliations of GAAP and non-GAAP policies can be found in our earnings release.

With me today is Tom Werner, our president and CEO; and Bernadette Madarieta, our chief financial officer. Tom will provide an overview of the current operating environment and the cost reduction measures we announced yesterday, as well as an update on this year’s potato harvest. Bernadette will then provide details on our first quarter