Hot potato: Redner's lawsuit accuses companies of creating frozen french fry cartel [Yahoo! Finance]
Lamb Weston Holdings, Inc. (LW)
Last lamb weston holdings, inc. earnings: 4/1 08:30 am
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Source: Yahoo! Finance
The lawsuit, filed Nov. 15 in the Northern District Court of Illinois, claims that the companies Lamb Weston, McCain Foods, J.R. Simplot Co., and Cavendish Farms, which collectively control 97% of the more than $68 billion U.S. frozen potato products market, colluded to fix prices on their products in violation of antitrust law. “In 2021 and again in the spring of 2022, while facing increased input costs, defendants changed their pricing methods to collectively impose ‘strong arm' price hikes with no worry their customers could defect to competitors. Frozen potato product prices climbed 47% from July 2022 to July 2024,” the lawsuit claimed. Neither Redner's nor any of the companies named in the lawsuit could be immediately reached for comment. “In contrast to their own sales prices, defendants' input costs peaked in 2022 and fell steadily after that. Amid that cost input decline, two stock analysts predicted that defendant Lamb Weston's ‘stepped-up margin expansion' would not
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News
- Lawsuits target ‘potato cartel' enabled by price data aggregators [Yahoo! Finance]Yahoo! Finance
- Is Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) a Strong ETF Right Now? [Yahoo! Finance]Yahoo! Finance
- McCain, Lamb Weston among frozen-food firms facing price-fixing lawsuits [Yahoo! Finance]Yahoo! Finance
- I tried 4 brands of premade mashed potatoes from the store, and there are only 2 I'd actually serve [Business Insider]Business Insider
- An Intrinsic Calculation For Lamb Weston Holdings, Inc. (NYSE:LW) Suggests It's 45% Undervalued [Yahoo! Finance]Yahoo! Finance
LW
Earnings
- 10/1/24 - In-Line
LW
Sec Filings
- 11/12/24 - Form SC
- 11/5/24 - Form 4
- 10/31/24 - Form 144
- LW's page on the SEC website