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LW — Lamb Weston Holdings News Story

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Lamb Weston down after maintaining annual sales forecast

** Shares of frozen fries supplier Lamb Weston LW.N down ~13% at $51.43 premarket
** Co maintains annual sales forecast again amid rising economic uncertainty

** Expects net sales to be in the range of $6.35 billion to $6.55 billion

** Co's fourth-quarter adjusted gross profit declined $15.6 million to $327.9 million owing to sequential decline in prices as well as higher costs from raw material and manufacturing

** Posts quarterly sales of $1.62 billion vs analysts' estimates of $1.59 billion, as per data compiled by LSEG
** Up to last close, stock down nearly 11% YTD

 (Reporting by Anuja Bharat Mistry in Bengaluru)

 ((AnujaBharat.Mistry@thomsonreuters.com))

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