Lamb Weston (LW) Down More Than 25% in 3 Months: Here's Why
Lamb Weston(LW) Zacks Investment Research·2024-04-15 23:51
Lamb Weston Holdings, Inc. (LW) appears in a tight spot thanks to rising expenses. The provider of value-added frozen potato products is battling input cost inflation, which is putting pressure on its margins. Subdued near-term restaurant traffic continues to hurt the company’s volumes. Unimpressively, Lamb Weston came out with soft results for the third quarter of fiscal 2024, following which it lowered its guidance for the fiscal.The Zacks Rank #5 (Strong Sell) company’s shares have slumped 26.4% in the ...