shares of lamb weston holdings inc lw shot up 63 toward a threeyear high in premarket trading thursday after the frozenpotato products seller reported a big fiscal secondquarter earnings beat has higher pricing to counter cost inflation offset a decline in volume net income for the quarter to nov 27 more than tripled to 1031 million or 71 cents a share from 325 million or 22 cents a share in the yearago period excluding nonrecurring items adjusted earnings per share of 128 was well above the factset consensus of 74 cents sales grew 268 to 128 billion above the factset consensus of 115 billion as a 30 jump in pricemix offset a 3 decline in volume the company said supply chain disruptions weighed on volume as did softer us casual dining and fullservice restaurant traffic the company raised its fiscal 2023 guidance ranges for adjusted eps to 375 to 400 from 245 to 285 and for net sales to 48 billion to 49 billion from 47 billion to 48 billion the factset consensus is for eps of 302 and sales of 472 billion the stock which is on track to open at the highest price since february 2020 has climbed 65 over the past three months through wednesday while the sp 500 spx has edged up 18