Lamb Weston Holdings (LW), a major supplier of frozen potato products, reported its first quarter fiscal 2025 results, narrowly beating earnings expectations with an EPS of 73 cents against a consensus of 72 cents. The company also reported revenue of $1.65 billion, surpassing the expected $1.56 billion. Analysts had estimated $1.56 billion in revenue (-6.31% YoY) and $0.72 in earnings per share (-55.83% YoY). Despite this, Lamb Weston announced a restructuring plan involving job cuts and plant closures, and lowered its fiscal year 2025 guidance. CEO Tom Werner cited soft restaurant traffic and frozen potato demand as ongoing challenges, projecting these conditions to persist through the remainder of the fiscal year. Shares of Lamb Weston fell 4.5% pre-market following the announcement.