"The global frozen potato category continues to be solid with overall demand and supply balanced," Werner said.
In the case of Lamb Weston and fast-food companies, that can manifest in the form of customers opting to skip fries or other side orders in a bid to keep spending restricted.
Werner also said inflation can continue to drive up costs for the company, specifically related to potato contract prices.
He pointed to June as a source of restaurant traffic weakness seen in the fiscal fourth quarter.
Lamb Weston stock jumped more than 9% in Thursday's session.
Persons:
Lamb, Tom Werner, Werner, Lamb Weston
Organizations:
Lamb Weston Holdings