EarningsLamb Weston now expects a financial margin profile of 19-20% amid a softer macro backdrop for restaurants, resulting in a significant decline in earnings.
Market CompetitionGlobal competition for french fries has intensified, with increased price pressure and capacity announcements impacting Lamb Weston's market position.
Operational ChallengesOver the past year, Lamb Weston has faced repeated operational setbacks, supply chain issues, and weakened demand, leading to substantial charges and guidance cuts.