That’s hurting french fry suppliers like Lamb Weston.
This shift has taken a toll on Lamb Weston because people are less likely to cook french fries at home.
Around 80% of french fries consumed in the United States come from fast-food chains, according to Lamb Weston.
McDonald’s has launched a $5 meal, which includes a McDouble cheeseburger or a McChicken sandwich, small french fries, 4-piece chicken nuggets and small soft drink.
“Many of these promotional meal deals have consumers trading down from a medium fry to a small fry,” Lamb Weston CEO Thomas Werner said last week on an earnings call.
Persons:
Lamb Weston, McDonald’s, ” Lamb Weston, Thomas Werner, Lamb, R.J, Placer.ai
Organizations:
New, New York CNN
Locations:
New York, North America, Washington, United States