Lamb Weston lowers full-year sales net revenue forecast
Lamb Weston reported adjusted earnings per share of $0.66 for the second fiscal quarter, estimated at $1.02.
Adjusted EBITDA for the second fiscal quarter was $281.9 million, estimated at $330.2 million.
Net sales for the second fiscal quarter were $1.6 billion, estimated at $1.67 billion.
Lamb Weston expects full-year net sales to be between $6.35 billion and $6.45 billion, down from a previous estimate of $6.6 billion to $6.8 billion, with market estimates at $6.65 billion
