Lamb Weston stock plummets on softened frozen potato demand
In this article:
Shares of Lamb Weston (LW) plummeted on Wednesday after reporting fourth quarter results that missed analyst estimates on both the top and bottom lines.
The company blames lower demand for frozen potatoes, saying restaurant foot traffic is down "due to menu price inflation."
For more expert insight and the latest market action, click here to watch this full episode of Market Domination.