06:28 AM EST, 12/19/2024 (MT Newswires) -- Lamb Weston Holdings ( LW ) reported fiscal Q2 adjusted earnings Thursday of $0.66 per diluted share, down from $1.45 a year earlier.

Analysts polled by FactSet expected $1.01.

Net sales for the fiscal quarter ended Nov. 24 were $1.60 billion, down from $1.73 billion a year earlier.

Analysts surveyed by FactSet expected $1.67 billion.

For fiscal 2025, the potato products maker lowered its adjusted diluted EPS target to $3.05 to $3.20 on net sales of $6.35 billion to $6.45 billion, compared with its previous guidance of $4.15 to $4.35 per share on net sales of $6.6 billion to $6.8 billion. Analysts polled by FactSet expect adjusted earnings of $4.21 per share on revenue of $6.60 billion.

Shares of the company were down more than 19% in Thursday's premarket activity.