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Lamb Weston's profits drop amid declining share prices

Author
Newstalk ZB,
Publish Date
Wed, 31 Jul 2024, 8:26pm
The Ministry of Business Innovation and Employment launched an investigation into the fry dumping - and has just released its draft report. Photo / 123rf
The Ministry of Business Innovation and Employment launched an investigation into the fry dumping - and has just released its draft report. Photo / 123rf

Lamb Weston's profits drop amid declining share prices

Author
Newstalk ZB,
Publish Date
Wed, 31 Jul 2024, 8:26pm

US-based frozen potato giant Lamb Weston's profits have been dropping, off the back of a rocky financial period for the company.

This is off the back of the company's shares falling almost 50 percent over the course of 2024.

Milford Asset Management's Stephanie Batchelor unpacks this downturn.

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