05:52 PM EDT, 10/01/2024 (MT Newswires) -- Lamb Weston Holdings ( LW ) reported fiscal Q1 adjusted earnings late Tuesday of $0.73 per diluted share, down from $1.63 a year earlier.

Analysts polled by Capital IQ expected $0.72.

Net sales for the quarter ended Aug. 25 were $1.65 billion, down from $1.67 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.55 billion.

For fiscal 2025, the company said it reduced its adjusted diluted EPS guidance to $4.15 to $4.35 from $4.35 to $4.85. Analysts polled by Capital IQ expect $4.48. The company reiterated its net sales outlook of $6.6 billion to $6.8 billion. Analysts surveyed by Capital IQ expect $6.62 billion.