SEC Comment Letter 0000000000-24-003596 to Lamb Weston Holdings, Inc. (LW) (CIK 0001679273) (LW)
Lamb Weston Holdings, Inc. (LW) (CIK 0001679273)
Date: April 3, 2024 · CIK: 0001679273 · Accession: 0000000000-24-003596
AI Filing Summary & Sentiment
File numbers found in text: 001-037830
Referenced dates: March 21, 2024
Letter
United States securities and exchange commission logo April 3, 2024 Bernadette Madarieta Chief Financial Officer Lamb Weston Holdings, Inc. 599 S. Rivershore Lane Eagle, Idaho 83616 Re:Lamb Weston Holdings, Inc. Form 10-K for the Year Ended May 28, 2023 Form 10-Q for the Quarter Ended November 26, 2023 Response dated March 21, 2024 File No 001-037830 Dear Bernadette Madarieta: We have reviewed your March 21, 2024 response to our comment letter and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our March 13, 2024 letter. Response Letter Dated March 21, 2024 Form 10-Q for the Quarter Ended November 26, 2023 Note 12. Segments, page 15 1.We note from your response to our prior comment 2, that you will revise the reconciliation of your segment profitability measure to remove the line item for income (loss) from operations including equity method investment earnings. Please note that the reconciliation should also be revised to total the segment measures of profitability and to reconcile to income before income taxes, rather than net income. See guidance in ASC 280-10-50-30(b).
FirstName LastNameBernadette Madarieta Comapany NameLamb Weston Holdings, Inc. April 3, 2024 Page 2 FirstName LastName Bernadette Madarieta Lamb Weston Holdings, Inc. April 3, 2024 Page 2 Please contact Claire Erlanger at 202-551-3301 or Kevin Woody at 202-551-3629 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Manufacturing
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United States securities and exchange commission logo
April 3, 2024
Bernadette Madarieta
Chief Financial Officer
Lamb Weston Holdings, Inc.
599 S. Rivershore Lane
Eagle, Idaho 83616
Re:Lamb Weston Holdings, Inc.
Form 10-K for the Year Ended May 28, 2023
Form 10-Q for the Quarter Ended November 26, 2023
Response dated March 21, 2024
File No 001-037830
Dear Bernadette Madarieta:
We have reviewed your March 21, 2024 response to our comment letter and have the
following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments. Unless
we note otherwise, any references to prior comments are to comments in our March 13,
2024 letter.
Response Letter Dated March 21, 2024
Form 10-Q for the Quarter Ended November 26, 2023
Note 12. Segments, page 15
1.We note from your response to our prior comment 2, that you will revise the
reconciliation of your segment profitability measure to remove the line item for income
(loss) from operations including equity method investment earnings. Please note that the
reconciliation should also be revised to total the segment measures of profitability and to
reconcile to income before income taxes, rather than net income. See guidance in ASC
280-10-50-30(b).
FirstName LastNameBernadette Madarieta
Comapany NameLamb Weston Holdings, Inc.
April 3, 2024 Page 2
FirstName LastName
Bernadette Madarieta
Lamb Weston Holdings, Inc.
April 3, 2024
Page 2
Please contact Claire Erlanger at 202-551-3301 or Kevin Woody at 202-551-3629 if you
have questions regarding comments on the financial statements and related matters.
Sincerely,
Division of Corporation Finance
Office of Manufacturing