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Lamb Weston Holdings (MEX:LW) Tax Rate % : 30.44% (As of Aug. 2024)


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What is Lamb Weston Holdings Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Lamb Weston Holdings's Tax Expense for the three months ended in Aug. 2024 was MXN1,002 Mil. Lamb Weston Holdings's Pre-Tax Income for the three months ended in Aug. 2024 was MXN3,292 Mil. Therefore, Lamb Weston Holdings's Tax Rate % for the quarter that ended in Aug. 2024 was 30.44%.

Lamb Weston Holdings Tax Rate % Historical Data

The historical data trend for Lamb Weston Holdings's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Lamb Weston Holdings Tax Rate % Chart

Lamb Weston Holdings Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.02 25.39 25.34 29.06 24.74

Lamb Weston Holdings Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.89 23.94 22.90 29.44 30.44

Lamb Weston Holdings Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Lamb Weston Holdings's Tax Rate % for the fiscal year that ended in May. 2024 is calculated as

Tax Rate %=Tax Expense (A: May. 2024 )/Pre-Tax Income (A: May. 2024 )
=3908.62/15795.923
=24.74 %

Lamb Weston Holdings's Tax Rate % for the quarter that ended in Aug. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Aug. 2024 )/Pre-Tax Income (Q: Aug. 2024 )
=1002.056/3292.187
=30.44 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lamb Weston Holdings Tax Rate % Related Terms

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Lamb Weston Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lamb Weston Holdings Inc (MEX:LW) » Definitions » Tax Rate %
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Traded in Other Exchanges
LW:USA 0L5:Germany L1WH34:Brazil
Address
599 S. Rivershore Lane, Eagle, ID, USA, 83616
Website
https://www.lambweston.com
Lamb Weston is North America's largest and the world's second-largest producer of branded and private-label frozen potato products, both by volume and value. The company's portfolio is anchored by French fries, but it also sells sweet potato fries, tater tots, diced potatoes, mashed potatoes, hash browns, and chips. Roughly two-thirds of revenue comes from its home market of North America, with none of the other 100 countries the company sells into representing a significant share. McDonald's is Lamb Weston's single largest customer at 14% of fiscal 2024 sales, with no other company representing more than 10%. Lamb Weston became an independent company in 2016 when it was spun off from Conagra.