Lamb Weston Forecasts Upbeat Annual Sales on Robust International Demand
Lamb Weston forecast annual sales largely above expectations on Wednesday, betting on strong demand internationally from restaurants to which the company supplies its frozen potato products.
Shares of the company rose nearly 8% in premarket trading after it also posted a surprise rise in fourth-quarter revenue.
A 15% increase in the company's quarterly international segment sales, which contributed about 33% of its total sales in 2024, helped offset a decline in demand in the United States due to a fall in consumer spending...
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