Lamb Weston Holdings, Inc. provided earnings guidance for the second quarter, second half and full year of fiscal 2022. For the quarter, the company anticipates net sales growth be driven largely by high volume, reflecting an ongoing recovery in demand for frozen potato products, as well as a favorable comparison to relatively soft shipments in the second quarter of fiscal 2021. For the second half, the company expects net sales growth to reflect more of a balance of high volume and improved price/mix as recent pricing actions are fully implemented in the market. The company expects earnings to gradually approach pre-pandemic levels. For the full year, the company expects net sales growth will be above its long-term target of low-to-mid single digits. The company expects net income will be pressured for the remainder of fiscal 2022, as it manages through significant inflation for key production inputs, packaging and transportation compared to fiscal 2021 levels, as well as industrywide operational challenges, including labor availability, and upstream and downstream supply chain disruptions, resulting from volatility in the broader supply chain as the overall economy continues to recover from the pandemic’s impact.