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Keeley Funds Comments on Lamb Weston Holdings

- By Holly LaFon

Lamb Weston Holdings (NYSE:LW) (LW - $73.56 - NYSE) is one of the largest producers of frozen potato food products (French fries and other starchy goodness). rough both solid demand, particularly from North American quick-service restaurants (QSRs), and steady price increases, Lamb Weston has continued to exceed consensus expectations, and the company did so again at the start of the fourth quarter. Despite the market downturn later in the fourth quarter, Lamb Weston shares held up nicely throughout the entire quarter, driven by investors' belief that the underlying dynamics facing the company remained favorable. In addition, some U.S. QSRs, like McDonald's, reported good earnings and impressive same-store sales numbers during the quarter.

From Keeley Funds' Mid-Cap Value Fund fourth-quarter 2018 commentary.

This article first appeared on GuruFocus.