Lamb Weston Earnings: Expect Revenue Dip
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Lamb Weston, a major potato products company, is set to release its earnings report tomorrow, with analysts predicting a two percent dip in revenue compared to last year. Despite a strong performance in the previous quarter, with revenue up by one percent, the company has a history of missing revenue targets. The consumer staples sector has also been struggling, with Lamb Westons stock down by twelve percent over the last month. Shares currently stand at forty-one dollars and six cents, below the average analyst target of fifty-two dollars.
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