BUSINESS SEGMENTS AND RELATED INFORMATION (Tables)

6 Months Ended

Nov. 27, 2016

BUSINESS SEGMENTS AND RELATED INFORMATION


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	November 27,		November 29,		November 27,		November 29,
(in millions)	2016		2015		2016		2015
Net sales:
Global	$	412.6	$	388.3	$	811.8	$	771.1
Foodservice		250.6		225.2		510.9		471.5
Retail		96.5		91.8		186.1		179.5
Other		31.0		35.0		58.2		66.0
Total net sales		790.7		740.3		1,567.0		1,488.1
Product contribution margin (a):
Global		92.3		78.9		165.9		134.3
Foodservice		80.2		57.8		159.7		118.0
Retail		20.9		15.4		40.5		28.6
Other		(0.4)		2.2		2.8		8.9
Total product contribution margin		193.0		154.3		368.9		289.8
Equity method investment earnings		6.2		7.7		16.8		20.2
Total product contribution margin plus equity method investment earnings		199.2		162.0		385.7		310.0
Other selling, general and administrative expenses (a) (b)		67.5		44.8		118.4		95.7
Interest expense, net		6.8		1.5		8.3		2.8
Income tax expense		33.9		38.7		84.9		71.0
Net income		91.0		77.0		174.1		140.5
Less: Income attributable to noncontrolling interests		3.8		3.7		7.3		5.2
Net income attributable to Lamb Weston Holdings, Inc.	$	87.2	$	73.3	$	166.8	$	135.3

(a)

Product contribution margin is defined as net sales, less cost of sales and advertising and promotions expenses. Other selling, general and administrative expenses include all selling, general and administrative expenses other than advertising and promotions expenses.

(b)

The thirteen and twenty-six weeks ended November 27, 2016 include $9.0 million and $18.7 million, respectively, of pretax expenses related to the separation of Lamb Weston from Conagra. The expenses related primarily to professional fees.