Fast-Food Slowdown Burns French Fry Giant Lamb Weston - Inc.com

Oct 9, 2024 · The popularity and affordability of French fries has made the side dish a predominant feature of fast-food and sit-down meals. But as Lamb Weston has discovered, …

1%
OFF

McDonald's French Fry Supplier Closes Plant, Cuts Jobs As Demand …

2 weeks from now

Oct 16, 2024 · At Lamb Weston, net sales of $1.65 billion for the quarter ending Aug. 25, represented a 1% decline from the same period last year. The company doesn't expect the …

usatoday.com

80%
OFF

America’s French Fry King Sounds An Alarm | CNN Business

2 weeks from now

Oct 8, 2024 · Around 80% of french fries consumed in the United States come from fast-food chains, according to Lamb Weston. Fast-food chains like McDonald’s are dangling value …

cnn.com

4%
OFF

Lamb Weston: French Fry Giant Fires 4% Of Its Workers As Fast …

2 weeks from now

Oct 10, 2024 · The challenges facing Lamb Weston go beyond just McDonald’s, as the company also supplies fries to other major players in the fast food industry, such as Yum Brands, owner …

igettalk.com

FAQs about Fast-Food Slowdown Burns French Fry Giant Lamb Weston - Inc.com Coupon?

What happened to Lamb Weston?

Lamb Weston did not immediately respond to requests for comment. Major McDonald’s french fry supplier Lamb Weston is slashing jobs and closing a factory as cash-strapped customers continue to steer clear of the fast food industry and its inflated prices. ...

Why is Lamb Weston dangling a value menu?

This shift has taken a toll on Lamb Weston because people are less likely to cook french fries at home. Around 80% of french fries consumed in the United States come from fast-food chains, according to Lamb Weston. Fast-food chains like McDonald’s are dangling value menus to try to lure customers back. ...

Are fast food restaurants hurting Lamb Weston?

Inflation-battered consumers have pulled back sharply on spending at fast food restaurants, hurting Lamb Weston. Bloomberg via Getty Images “Many of these promotional meal deals have consumers trading down from a medium fry to a small fry,” said Tom Werner, whose company supplies around 80% of french fries sold at fast food joints in the US. ...

Is Lamb Weston a fast-food chain?

Lamb Weston is also highly exposed to other fast-food chains, analyst R.J. Hottovy at analytics firm Placer.ai said in a research note to clients last week. Customer traffic to fast-food chains dropped 2% last quarter and 3% the previous quarter compared to the same time last year, according to Lamb Weston. ...

Why did Lamb Weston lose volume?

Lamb Weston president and CEO Thomas Werner said the offerings by various fast-food chains have caused a drop in volume for the french fry supplier. “Many of these promotional meal deals have consumers trading down from a medium fry to a small fry,” Werner said on an earnings call on Oct. 2. ...

Does McDonald's have a problem with Lamb Weston?

McDonald's, its largest customer, accounts for 13% of Lamb Weston's sales. As McDonald's goes, so goes Lamb Weston. And McDonald's is struggling. Sales at US restaurants open at least a year fell 0.7% last quarter from the same period a year earlier, dragged down by fewer customers visiting the chain. ...