Demand For Sides Of French Fries Remains Steady, Boosting Optimism Amid Inflation Concerns
Portfolio Pulse from Benzinga Neuro
Despite inflation fears and potential recession, the demand for french fries remains steady in the US, according to Lamb Weston Holdings (NYSE:LW), a frozen potato supplier. The company's CEO, Tom Werner, noted that the 'fry attachment rate' has remained above pre-pandemic levels. However, Werner warned that inflation could continue to drive up the company’s costs, particularly potato contract prices.
October 06, 2023 | 5:19 am
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Lamb Weston Holdings reports steady demand for french fries despite inflation fears. However, inflation could increase the company's costs.
The steady demand for french fries indicates a resilient consumer economy, which is a positive sign for Lamb Weston. However, the company's costs could increase due to inflation, which could negatively impact its profitability.
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