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Consumers are still splurging for a side of fries with their meals. That can have a positive read-through for the economy.
Frozen potato supplier Lamb Weston Holdings has seen the share of consumers ordering the iconic side with fast food meals — known as the fry attachment rate — remain above pre-pandemic levels, CEO Tom Werner told analysts on the company’s earnings call Thursday. That could indicate a resilient consumer even as inflation has pinched pocketbooks and fears of a recession have mounted.
“The global frozen potato category continues to be solid with overall demand and supply balanced,” Werner said. “Fry attachment rate, which is…