Lamb Weston Holdings (LW) risk factors, FY2026 10-K

Lamb Weston Holdings's FY2026 10-K, filed Jul 24, 2026, lists 27 risk factors in 5 groups. Against the prior year's 28: 1 new, 2 dropped, 15 substantially reworded.

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Risk factors listed
275 groups
New this year
1vs 28 last year
Dropped
2since the prior 10-K
Substantially reworded
15of those kept
Section length
11k wordsItem 1A

What the changes say

  • New climate and water regulation could restrict LW facilities, reduce production, and raise operating and delivery costs.

What changed since the prior 10-K

New

  • NewLegal and Regulatory Risks

    water in certain regions caused by droughts or other factors could increase competition for land and resources in areas that have more favorable growing conditions, and thereby increase costs for such land and resources

    Drought-driven water competition and stricter climate, emissions, and water-use rules could limit LW resources, production, and raise costs.

Dropped

  • DroppedIndustry Risks

    The sophistication and buying power of some of our customers could have a negative impact on profits

  • DroppedLegal and Regulatory Risks

    business could also be adversely affected if consumers lose confidence in the food safety system generally, even if such loss of confidence is unrelated to products in our portfolio

Reworded

  • 79% rewrittenLegal and Regulatory Risks

    Climate change, or legal, regulatory, or market measures to address climate change or environmental sustainability, may negatively affect our business and operations

    No substantive change is shown; the excerpt continues to cover climate-driven potato and edible-oil availability, weather, and water-processing risks.

    Was: Climate change, or legal, regulatory, or market measures to address climate change, may negatively affect our business and operations

  • 67% rewrittenBusiness and Operating Risks

    Disruption of our access to export mechanisms could have an adverse impact on our business, financial condition, and results of operations

    U.S. export sales changed to 6% in fiscal 2026, 2025, and 2024; the text adds seven overseas production locations and warns mitigation may fail.

  • 66% rewrittenLegal and Regulatory Risks

    We may be subject to product liability claims and product recalls or withdrawals, which could negatively impact our relationships with customers and harm our business

    No substantive change is shown; the risk still covers contamination, tampering, mislabeling, recalls, withdrawal costs, and food-injury liability.

  • 52% rewrittenCybersecurity and Technology Risks

    Problems with the transition, design, or implementation of new upgraded systems and business processes have and could further interfere with our business and operations and adversely affect our financial condition

    The ERP disruption is now linked to lower sales volume and margins, alternative customer sourcing, and possible data, reporting, and operating problems.

    Was: Problems with the transition, design, or implementation of our new ERP system have and could further interfere with our business and operations and adversely affect our financial condition

  • 44% rewrittenBusiness and Operating Risks

    Changes in our relationships with significant customers could adversely affect us

    No substantive change is shown; LW still highlights meaningful individual customers and distributors’ role in demand, support, fulfillment, and inventory.

  • 39% rewrittenFinancial and Economic Risks

    Impairment in the carrying value of goodwill, other intangible assets, or long-lived assets could result in the incurrence of impairment charges and negatively impact our financial results and net worth

    Asset figures moved to May 31, 2026: goodwill rose to $1,130.1 million, while other intangibles fell to $108.3 million.

  • 38% rewrittenIndustry Risks

    An imbalance of industry supply and demand may result in reduced sales or profits

    The demand slowdown now specifically includes Europe and is described as occurring in recent years rather than fiscal 2024 and 2025.

  • 38% rewrittenBusiness and Operating Risks

    We may not be able to offset cost increases on inputs necessary for the production and distribution of our products, such as labor, raw materials, energy, fuel, and packaging materials

    Input-cost wording changed from cost of goods to input costs, and tariff exposure now covers U.S. tariffs and surcharges throughout 2025 and 2026.

  • 36% rewrittenIndustry Risks

    Increased competition may result in reduced sales or profits

  • 31% rewrittenBusiness and Operating Risks

    We may not realize the anticipated cost savings and/or operating efficiencies associated with strategic initiatives, including our Cost Savings Program

    Was: We may not realize the anticipated cost savings and/or operating efficiencies associated with strategic initiatives, including our FY25 Restructuring Plan and recently announced Cost Savings Program

  • 27% rewrittenCybersecurity and Technology Risks

    We are significantly dependent on information technology, and we may be unable to protect our information systems against service interruption, misappropriation of data, or breaches of security

  • 26% rewrittenIndustry Risks

    Our business is affected by potato crop harvest quality and performance

    Was: Our business is affected by potato crop performance

  • 25% rewrittenBusiness and Operating Risks

    Labor shortages or stoppages, an inability to attract and retain key personnel, increased turnover or increases in labor costs could adversely affect our business, financial condition, and results of operations

  • 24% rewrittenBusiness and Operating Risks

    Our business, financial condition, and results of operations could be adversely affected by the political and economic conditions of the countries in which we conduct business and other factors related to our international operations, including foreign currency risks and trade barriers

  • 20% rewrittenBusiness and Operating Risks

    Damage to our reputation as a trusted partner to customers and good corporate citizen could have a material adverse effect on our business, financial condition, and results of operations

All 27 risk factors

Headings as the filing states them, in filing order.

Business and Operating Risks

  1. 01We may not be able to offset cost increases on inputs necessary for the production and distribution of our products, such as labor, raw materials, energy, fuel, and packaging materials38% rewritten
  2. 02Disruption to our supply chain could adversely affect our business
  3. 03We may not realize the anticipated cost savings and/or operating efficiencies associated with strategic initiatives, including our Cost Savings Program31% rewritten
  4. 04Labor shortages or stoppages, an inability to attract and retain key personnel, increased turnover or increases in labor costs could adversely affect our business, financial condition, and results of operations25% rewritten
  5. 05Our business, financial condition, and results of operations could be adversely affected by the political and economic conditions of the countries in which we conduct business and other factors related to our international operations, including foreign currency risks and trade barriers24% rewritten
  6. 06Changes in our relationships with significant customers could adversely affect us44% rewritten
  7. 07Changes in our relationships with our growers could adversely affect us
  8. 08Disruption of our access to export mechanisms could have an adverse impact on our business, financial condition, and results of operations67% rewritten
  9. 09Our operations are dependent on a wide array of third parties
  10. 10Damage to our reputation as a trusted partner to customers and good corporate citizen could have a material adverse effect on our business, financial condition, and results of operations20% rewritten
  11. 11If we are unable to execute on large capital projects or complete or realize the projected benefits of acquisitions, divestitures and other strategic transactions, our business, financial condition, and results of operations could be materially and adversely affected

Industry Risks

  1. 12Our business is affected by potato crop harvest quality and performance26% rewritten
  2. 13Increased competition may result in reduced sales or profits36% rewritten
  3. 14An imbalance of industry supply and demand may result in reduced sales or profits38% rewritten
  4. 15We must identify changing consumer preferences and consumption trends and develop and offer food products to our customers that help meet those preferences and trends

Financial and Economic Risks

  1. 16Our substantial debt may limit cash flow available to invest in the ongoing needs of our business and could prevent us from fulfilling our debt obligations
  2. 17The agreements governing our debt contain various covenants that impose restrictions on us that may affect our ability to operate our business
  3. 18We face risks related to financial and credit market disruptions and other economic conditions
  4. 19Impairment in the carrying value of goodwill, other intangible assets, or long-lived assets could result in the incurrence of impairment charges and negatively impact our financial results and net worth39% rewritten

Cybersecurity and Technology Risks

  1. 20We are significantly dependent on information technology, and we may be unable to protect our information systems against service interruption, misappropriation of data, or breaches of security27% rewritten
  2. 21Problems with the transition, design, or implementation of new upgraded systems and business processes have and could further interfere with our business and operations and adversely affect our financial condition52% rewritten

Legal and Regulatory Risks

  1. 22We may be subject to product liability claims and product recalls or withdrawals, which could negatively impact our relationships with customers and harm our business66% rewritten
  2. 23Regulations imposed by the FDA or EFSA around acrylamide formation in potato products could adversely affect us
  3. 24If we fail to comply with the many laws and regulations applicable to our business, we may face lawsuits or incur significant fines and penalties
  4. 25Climate change, or legal, regulatory, or market measures to address climate change or environmental sustainability, may negatively affect our business and operations79% rewritten
  5. 26water in certain regions caused by droughts or other factors could increase competition for land and resources in areas that have more favorable growing conditions, and thereby increase costs for such land and resourcesNew
  6. 27Our intellectual property rights are valuable, and any inability to protect and/or enforce them could reduce the value of our products and brands

Other Lamb Weston Holdings 10-Ks

  • FY2025 10-K risk factors
    28 risks

    Lamb Weston faces core commodity exposure on potatoes, reliance on global export logistics, substantial debt levels, and IT transformation execution risks.

    Filed Jul 23, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.