https://images.mktw.net/im-15822319
Published:
Shares of Lamb Weston Holdings Inc. rocketed toward a record gain Wednesday, after the frozen-potato company reported fiscal fourth-quarter profit and sales that beat expectations by wide margins, amid strong demand for french fries around the world.
The company also announced a restructuring, aimed at saving $250 million a year, that will include layoffs of about 4% of the workforce, or 404 people based on the company‘s headcount of 10,100 as of July 17. That follows a 4% workforce reduction
This post was originally published on Market Watch
