Demand for french fries reflects resilient consumer as so-called fry attachment rate holds steady
Publishing timestamp: 2024-04-05 12:15:45
Summary
Customers continue to opt for fries with their meals at a higher rate than expected, showing resilience in consumer spending despite inflation and the end of pandemic savings. This "fry attachment rate" is seen as a case study of "YOLO" or "revenge" spending. However, Lamb Weston reported lower-than-expected earnings and revenue for the fiscal third quarter, causing shares to drop more than 19%.
Sentiment: MIXED
Keywords: mcdonald's corp, prices, united states, lamb weston holdings inc, agriculture, markets, food and drink, wk kellogg co, breaking news: investing, breaking news: markets, lifestyle, stock markets, business news, investment strategy,