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 · 4 disclosed concentrations
HIGH0
MEDIUM3
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).
MEDIUMBuilt-inGeographic
35%
net sales outside the U.S.
“10-K Item 1A: 'net sales outside the U.S., primarily in Australia, Canada, China, Europe, Japan, Korea, Mexico, and Taiwan, accounted for approximately 35%, 34%, and 23% of our net sales, respectively.'”
MEDIUMBuilt-inCommodity
raw potatoes and other commodity inputs
“10-K Item 1A: 'A significant portion of our cost of goods comes from commodities such as raw potatoes, edible oil, grains, starches, and energy.'”
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 2026-08-30Lamb Weston's customer base carries a medium-share dependency: its ten largest customers account for approximately 50% of net sales. Within that group, McDonald's Corporation alone represents about 15% of consolidated net sales (versus 14% and 13% in the two prior years) — a low-share but idiosyncratic dependency, since a single account's ordering decisions could move results more directly than a diversified customer base would. Geographically, sales outside the U.S. — mainly Australia, Canada, China, Europe, Japan, Korea, Mexico, and Taiwan — contributed approximately 35% of net sales (34% and 23% in the prior two years), a medium-share, structural exposure tied to global demand and currency rather than to any one counterparty. On the input side, a significant portion of cost of goods comes from commodities such as raw potatoes, edible oil, grains, starches, and energy, a medium-share structural exposure to agricultural and energy pricing cycles. Together, these risks are mostly macro and structural — geographic mix and commodity costs — with the McDonald's relationship the one line where counterparty-specific execution risk could move results independently of the broader concentration picture.
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 | 3 | 1 | 4 |
| 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.