Lamb Weston Stock Is Benefiting From Consumers' Love Affair With French Fries
Lamb Weston (NYSE: LW) stock jumped 9.8% on Thursday, following the leading frozen-potato products supplier's release of a better-than-expected report for its second quarter of fiscal 2023 on Jan. 5.
Shares of Lamb Weston have been nearly as hot as the cooking oil that many of its customers -- which include such fast-food giants as McDonald's -- use to fry the frozen french fries and other food products that it supplies them. Shares have returned 42% over the one-year period through Jan. 8, while the S&P 500 index is down nearly 17% over this period.
Image source: Lamb Weston.
Source Fool.com
