Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2025 earnings outcomes at the moment.
Web gross sales decreased 8% year-over-year to $1.60 billion.
Web loss was $36.1 million, or $0.25 per share, in comparison with internet revenue of $215 million, or $1.48 per share, final yr. Adjusted EPS fell 54% to $0.66 in comparison with final yr.
Income and earnings missed estimates.
The corporate lowered its steerage for fiscal yr 2025. It now expects internet gross sales to be $6.35-6.45 billion and adjusted EPS to be $3.05-3.20 versus the earlier expectations for gross sales of $6.6-6.8 billion and adjusted EPS of $4.15-4.35.
The earnings miss and steerage lower brought about the inventory to crash over 19% in premarket hours on Thursday.
Lamb Weston additionally introduced the appointment of Michael J. Smith as President and Chief Govt Officer, changing Thomas P. Werner.
Prior efficiency
