Lamb Weston down after maintaining annual sales forecast

Shares of frozen fries supplier Lamb Weston LW.N down ~13% at $51.43 premarket
Co maintains annual sales forecast again amid rising economic uncertainty

Expects net sales to be in the range of $6.35 billion to $6.55 billion

Co's fourth-quarter adjusted gross profit declined $15.6 million to $327.9 million owing to sequential decline in prices as well as higher costs from raw material and manufacturing

Posts quarterly sales of $1.62 billion vs analysts' estimates of $1.59 billion, as per data compiled by LSEG
Up to last close, stock down nearly 11% YTD