LW - Demand For Sides Of French Fries Remains Steady Boosting Optimism Amid Inflation Concerns | Benzinga
Despite inflation fears and a potential recession, American consumers continue to order french fries with their meals, a potentially positive sign for the U.S. economy.
According to a CNBC report, Lamb Weston Holdings (NYSE:LW), a frozen potato supplier, has observed the so-called “fry attachment rate” remain above pre-pandemic levels. This rate refers to the frequency of consumers ordering fries as a side with their fast-food meals.
“Fry attachment rate, which is the rate at which consumers order fries when visiting a restaurant or other food service outlets across our key markets, [has] remained largely steady and above pre-pandemic levels,” said CEO Tom Werner during the company’s earnings call.
Typically, financial pressures lead to consumers cutting back on spending, which could mean skipping fries or ...