1145 ET - Lamb Weston is dealing with a turnaround, an activist investor and softening consumer demand -- but the french-fry maker isn't too worried about tariffs. CFO Bernadette Madarieta tells investors that french fries made in its Canadian processing plant are exempt from Trump's tariffs, as they comply with the USMCA trade agreement. Lamb Weston sources 5% of its inputs, including edible oils and natural gas, from Canada -- but those will also be exempt, Madarieta said. Potential retaliatory tariffs from countries around the world could impact its exports. A rise in fiscal third-quarter sales beat Wall Street expectations, lifting shares 6.7%, though they remain down more than 42% over the past year. (owen.tucker-smith@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 11:46 ET (15:46 GMT)
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