What move does the options market price into Lamb Weston's report?

Implied ±8.9%, either direction · provisional.

LWNYSECanned, Frozen & Preservd Fruit, Veg & Food Specialties

Lamb Weston Holdings, Inc. (LW) earnings date, market-implied expected move, and options open interest by expiry

54.06

+0.77 · +1.45%

post 54.06 0.00%

Closed16:00 ET

Open54.10Volume1.7MMkt cap$7.5BP/E29.38EPS1.84Div yield2.79%

Day53.90 – 54.3436%52-wk37.02 – 61.5470%

Lamb Weston Holdings, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±8.9%implied · straddle

49.2658.90

spot 54.08exp Dec 18ATM strike 55ATM straddle 5.68IV 36%

Oct 30 closeprovisional

Expected move

Inputs

Next report

Dec 18

before open · in 48 days

est.Q2 FY27

Calendar

Next report

Last report

+7.49%

vs ±8.2% implied · ×0.91

shaded = implied · ▲▼ = realized

Oct 6 '26 · confirmed

Implied vs realized

Largest filed tie

15.00%

of LW revenue · McDonald's

customerLW 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+6.60%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

560 managers

Top fund weight

0.12%

LW weight · REVS

N-PORTJul 31 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Lamb Weston (LW) is expected to report on Dec 18 before open (estimated date).

Implied vs realized

8 reports

—≥ implied

Dec 19 '24Dec 19 '24confirmed—▼−20.10%—

Apr 3 '25Apr 3 '25confirmed—▲+10.01%—

Jul 23 '25Jul 23 '25confirmed—▲+16.31%—

Sep 30 '25Sep 30 '25confirmed—▲+4.33%—

Q2 FY26Dec 19 '25confirmed—▼−25.94%—

Q3 FY26Apr 1 '26confirmed—▼−8.94%—

Jul 24 '26Jul 24 '26confirmed—▲+0.81%—

Q1 FY27Oct 6 '26confirmed±8.2%▲+7.49%×0.91

quarterimplied−30%0+30%realized×

Q1 FY27±8.2%▲+7.49%×0.91

Jul '26—▲+0.81%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 27 close

0.37OI · 4 expiries · Oct 27 closeP/C open interest · Dec 18 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

21,9150%Nov 2020d9.252,3690%9.25

report · Dec 18 · before open · est.

80+48%Dec 1848d214+2%

11,3110%Jan 1576d0.7614,9680%0.76

1,259+2%Apr 16167d1.53823+7%1.53

ExpiryPutsCallsP/C

Nov 2020d21,9150%2,3690%9.25

report · Dec 18 · before open · est.

Dec 1848d80+48%214+2%0.37

Jan 1576d11,3110%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±8.9%

Funds 3

REVS±0.0%

VTI±0.0%

VT±0.0%

Customers 1

MCD±1.0%×0.11

Dashed = straddle · × = co-movement · max 501dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ1 FY27

1.74%as filednet margin · revenue −5.64% QoQ · +0.66% YoY

Revenue

$1.7B−5.64% QoQ

Gross profit

$267M−26.26% QoQ

15.96% margin

Operating income

$82M−51.30% QoQ

4.92% margin

Pre-tax income

$40M−67.19% QoQ

Net income

$29M−73.45% QoQ

1.74% margin

Cost of revenue

$1.4B−0.35% QoQ

Operating expenses

$184M−4.31% QoQ

SG&A $170M

Other operating $14M

Other expense

$42M

Tax

$17M+21.58% QoQ

Revenue$1.7B−5.64%

Gross profit

$267M−26.26%

15.96% margin

Operating income

$82M−51.30%

4.92% margin

Pre-tax income

$40M−67.19%

Net income

$29M−73.45%

1.74% margin

Cost of revenue

$1.4B−0.35%

Operating expenses

$184M−4.31%

SG&A $170M

Other operating $14M

Other expense

$42M

Tax$17M+21.58%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Aug 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

PPI ×1.11· ±1.8% vs ±1.6% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±1.8%8 of 10×1.11

NFPjobs report±1.6%6 of 10×0.97

PCEpersonal income & outlays±1.5%10 of 19×0.93

FOMCrate decision±1.4%10 of 24×0.89

CPIconsumer prices±1.3%6 of 10×0.81

CPROFcorporate profits±1.3%5 of 12×0.80

GDPgross domestic product±1.2%8 of 19×0.71

Bar = avg |move| to ±2% · tick = ±1.6% avg day · ×base = |move| ÷ ±1.6% · min 6 releases

Earnings history

EPS 0.21 · consensus —

Quarter	Reported	EPS	Consensus
Q1 FY27	Oct 6 '26 · confirmed	0.21	—
Q4 FY26	—	0.79	—
Q3 FY26	Apr 1 '26 · confirmed	0.39	—
Q2 FY26	Dec 19 '25 · confirmed	0.44	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod