Lamb Weston Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 25, 2018; Revises Earnings Guidance for Fiscal Year 2019
For the six months, the company reported net sales of $1,826.3 million against $1,642.1 million a year ago. Income from operations was $326.6 million against $277.4 million a year ago. Net income was $235.4 million or $1.47 per basic and diluted share against $171.3 million or $1.08 per basic and diluted share a year ago.
The company revised earnings guidance for fiscal year 2019. For the year, the company's net sales expected to increase mid-to-high single digits, up from a previous estimate of mid-single digits.