Lamb Weston plunges after maintaining annual sales forecast

Lamb Weston Holdings

19/12/2025 15:39

Updates

** Shares of frozen fries supplier Lamb Weston LW.N down ~21% at $47 in early trading

** Stock set for its worst day in nearly a year, if losses hold

** Co maintains annual sales forecast again and posts upbeat Q2 revenue and profit

** The reaffirmed forecast despite the quarterly numbers implies a weaker second half of the year than expected, says analysts at Jefferies

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

** Posts quarterly sales of $1.62 billion vs analysts' estimates of $1.59 billion, as per data compiled by LSEG

** But co's second-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
** Up to last close, stock down nearly 11% YTD

 (Reporting by Anuja Bharat Mistry and Koyena Das in Bengaluru)

 ((AnujaBharat.Mistry@thomsonreuters.com))