Financial PerformanceThe company needs to work through higher cost inventory and will face negative price/mix in North America.
Management And StrategySignificant reservations related to LW's current strategy to win back lost business through price investment, and the related pressure it could have in the balance of year financials.
Operational ChallengesOver the past year, LW has faced repeated, self-inflicted setbacks to its operations, supply chain, and general execution on top of weakening end-market demand, resulting in substantial charges to the P&L and related guidance cuts.