ET - Lamb Weston estimates it will record $200 million to $250 million in pre-tax charges in connection with a restructuring plan that includes cutting about 428 jobs and permanently close a processing facility,

Worldwide potato, vegetable and appetizer supplier Lamb Weston announced on Tuesday that its potato processing plant in Connell is permanently closing, laying off 375 employees.

Lamb Weston expects full-year earnings in the range of $4.15 to $4.35 per share, with revenue in the range of $6.6 billion to $6.8 billion. This story was generated by Automated Insights ( http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LW at https://www.zacks.com/ap/LW

Lamb Weston cut its full-year earnings outlook and plans to eliminate 428 jobs as part of a restructuring plan after it posted lower profit and revenue in its fiscal first quarter, dragged down by continued sluggish demand and restaurant traffic.

On adjusted basis, profit totaled $104.7 million or $0.73 a share compared to $239.5 million or $1.63 a share in prior year. On average, analysts surveyed by Thomson Reuters estimated earnings of $0.72 per share for the same period.