Lamb Weston Holdings Inc. reported disappointing second-quarter results for fiscal year 2025, with earnings per share (EPS) of $0.66, falling short of the estimated $1.05. Revenue also declined by 8% year-over-year to $1.60 billion, below the expected $1.67 billion. The company announced a net loss of $36.1 million and an adjusted EBITDA of $281.9 million, marking a 25% decrease from the previous year. In response to the poor financial performance, Lamb Weston has reduced its full-year revenue guidance to between $6.35 billion and $6.45 billion, down from a prior estimate of $6.6 billion to $6.8 billion. Additionally, the company has increased its share buyback authorization by $250 million. The CEO acknowledged that higher manufacturing costs and declining demand for frozen potatoes contributed to the disappointing results, and he anticipates continued challenges through fiscal 2025 and into 2026. Following these announcements, Lamb Weston’s shares fell by approximately 20% in pre-market trading.