Lamb Weston Holdings, Inc. (NYSE: LW) reported net sales of $1.65 billion for the first quarter of 2025, down 1% from the same period a year ago.
GAAP net income decreased 46% to $127 million and EPS declined 45% to $0.88 compared to last year. Adjusted EPS fell 55% to $0.73.
For fiscal year 2025, LW reaffirmed its net sales target of $6.6-6.8 billion, reflecting growth of approx. 2-5% on a constant currency basis. The company lowered its earnings guidance for the year and now expects GAAP EPS to be $2.70-3.15 and adjusted EPS to be $4.15-4.35.
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