• Lamb Weston average operating margin for 2023 was 17.15%, a 38.87% decline from 2022.
• Lamb Weston average operating margin for 2022 was 12.35%, a 10.37% increase from 2021.
• Lamb Weston average operating margin for 2021 was 11.19%, a 24.39% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.