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Demand for french fries reflects resilient consumer as so-called fry attachment rate holds steady - TL;DR CNBC

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

Tickers: LWUNDEFINEDMCD

Keywords: mcdonald's corppricesunited stateslamb weston holdings incagriculturemarketsfood and drinkwk kellogg cobreaking news: investingbreaking news: marketslifestylestock marketsbusiness newsinvestment strategy

Source: https://www.cnbc.com/2024/04/05/demand-for-french-fries-reflects-resilient-consumer-as-so-called-fry-attachment-rate-holds-steady.html


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