Lamb Weston Holdings Inc Q4 2022 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Thomas Hinsdale Palmer - JPMorgan Chase & Co, Research Division - Analyst : Maybe Just to kick off on following up on this cost inflation. I guess, quite simply, you've got a lot of moving parts with especially the crop rolling over into the new one, which has the big step-up in pricing. If we think about that double-digit rate of inflation that you discussed throughout this year, how does that change as we look towards next year? And is there a shift from quarter-to-quarter or maybe one period is more onerous than another? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 27, 2022 / 2:00PM, LW.N - Q4 2022 Lamb Weston Holdings Inc Earnings Call

Question: Thomas Hinsdale Palmer - JPMorgan Chase & Co, Research Division - Analyst : Okay. And I wanted to ask on the SG&A side. pretty big step-up guided this year. I think you've highlighted a few areas, right? Some of it is very ongoing in terms of labor, just getting paid more effectively. But you've also called out investments in IT and in the ERP system. And it sounds like there's kind of two pieces, right? Maybe there's an ongoing piece to that once it's fully rolled out, but there's also implementation costs that are rolling through the P&L. So to what extent is this stepped-up cost space here to stay versus might we actually see a little easing as we look towards future years and those investments aren't needed anymore.

Question: Thomas Hinsdale Palmer - JPMorgan Chase & Co, Research Division - Analyst : Okay. So no quantification on maybe what might roll off in coming years?