MEDIUMOutside partyCustomer
50%
ten largest customers
“10-K Item 1: 'In fiscal 2025, our ten largest customers accounted for approximately 50% of our net sales.'”
LW · Concentration risk · 10-K extracted
Lamb Weston Holdings (LW) concentration risks
Updated
The most significant concentration Lamb Weston Holdings discloses is ten largest customers at 50%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Lamb Weston Holdings’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyCustomer
15%
McDonald's Corporation
“10-K Item 1: 'our largest customer, McDonald's Corporation, accounted for approximately 15%, 14%, and 13%, respectively, of our consolidated net sales'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-08-09Lamb Weston's disclosed concentration exposures are both customer-side and counterparty-specific rather than structural. The ten largest customers together account for approximately 50% of net sales, a medium-share exposure that reflects how consolidated the foodservice and retail channels Lamb Weston serves have become. Within that group, the single largest relationship — McDonald's Corporation — represents a smaller slice, roughly 15% of consolidated net sales, a low-share exposure on its own. Both are dependency-type risks: the loss or renegotiation of terms with a handful of large buyers could pressure volumes or pricing more than a broadly diversified customer base would allow, but neither points to a single product line, geography, or input dominating the business. Taken together, buyer-side leverage sits with a small number of large foodservice and retail partners, with McDonald's the most visible single name yet still a fraction of total sales. The more material swing factor for the thesis is renewal terms and volume trends across the top ten accounts as a group; the McDonald's relationship alone, given its low share, appears less likely on its own to move results materially.
For the engine’s reasoning on LW’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Packaged Foods
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CENT | Central Garden & Pet Company | 1 | 1 | 2 | 4 |
| CENTA | Central Garden & Pet Company | 1 | 1 | 2 | 4 |
| CPB | The Campbell's Company | 1 | 1 | 1 | 3 |
| LW● | Lamb Weston Holdings, Inc. | 0 | 1 | 1 | 2 |
| CAG | ConAgra Brands, Inc. | 0 | 1 | 0 | 1 |
| BRBR | BellRing Brands, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.