We want to highlight the details on Conagra Foods Lamb Weston in the just published Q2 results of Conagra Foods:
"Lamb Weston profits improved, reflecting the positive impacts of higher prices necessitated by increased input costs, as well as plant efficiencies and a refinement to its product cost allocation process;these were partially offset by the negative impact on sales and volume of difficult food service industry conditions."
"Lamb Weston profits improved, reflecting the positive impacts of higher prices necessitated by increased input costs, as well as plant efficiencies and a refinement to its product cost allocation process;these were partially offset by the negative impact on sales and volume of difficult food service industry conditions."
Conagra expects continued softness in the food service industry:
"....the company continues to expect the Commercial Foods segment to deliver operating profits in line with year-ago amounts due, in part, to expectations for continued softness in the food service industry."
"....the company continues to expect the Commercial Foods segment to deliver operating profits in line with year-ago amounts due, in part, to expectations for continued softness in the food service industry."
