With a market cap of $10.9 billion, Lamb Weston Holdings, Inc. (LW) is a global leader in producing, marketing, and distributing value-added frozen potato products, including French fries and appetizers. The Eagle, Idaho-based company serves retail and food service customers across various channels, including restaurants, distributors, and retailers worldwide.
Shares of the frozen foods supplier have significantly underperformed the broader market over the past 52 weeks. LW has declined 21.8% over this time frame, while the broader S&P 500 Index ($SPX) has gained 31.1%. In 2024, shares of LW are down nearly 29%, compared to SPX’s 24.7% increase on a YTD basis.
