A Lamb Weston spokesperson expressed that the closed Connell plant, although it represented just 5% of the company's capacity, marked a significant shift in response to customer behavior.
Lamb Weston CEO Tom Werner indicated that quick-service burger chains are largely responsible for the company's slump, with traffic at those restaurants decreasing by 3% this quarter.
McDonald's President Joe Erlinger stated that customers will likely continue to grapple with the impacts of economic strain, particularly around fast food prices and spending.
Tom Werner noted that french fry sales serve as a reliable economic indicator, as they typically reflect broader consumer spending habits and overall economic conditions.
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