MEDIUMOutside partyCustomer
50%
ten largest customers
“10-K Item 1: 'In fiscal 2026, 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. How we score · Editorial policy
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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%, 35%, and 34% of our net sales'”
MEDIUMOutside partySupplier
co-packers
“10-K Item 1A: 'We believe that there are a limited number of competent, high-quality co-packers in the industry'”
LOWOutside partyCustomer
15%
McDonald's Corporation
“10-K Item 1: 'Our largest customer, McDonald’s Corporation, accounted for approximately 15%, 15%, and 14% of our consolidated net sales in fiscal 2026, 2025, and 2024, respectively.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18Lamb Weston's customer base is a medium-share exposure: the ten largest customers accounted for approximately 50% of net sales. Within that group, McDonald's Corporation is the one named customer, at 15% of consolidated net sales in the latest year (15% a year earlier), a low-share exposure on its own that still shapes the dependency profile. Because the named account sits inside a broader concentrated customer set, a pricing or volume shift at a few quick-service partners would move results more than any single-account figure suggests. Geography is structural rather than counterparty-specific. Net sales outside the U.S. were approximately 35% of net sales, a medium-share exposure spread across Australia, Canada, China, Europe, Japan, Korea, Mexico, and Taiwan, so it diversifies currency and demand cycles instead of adding a single point of failure. The idiosyncratic risk sits on the supply side. The company states that there are a limited number of competent co-packers in the industry, a medium-share dependency with no disclosed percentage. Net, the customer concentration and the co-packer dependency are the items most likely to move the verdict; the international mix is a background structural feature.
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.