Lamb Weston Holdings Inc Q3 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Max Andrew Stephen Gumport - BNP Paribas Exane, Research Division - Analyst : Turning back to the comments on slower restaurant traffic trends and your expectation that they'll be temporary in nature. I'm just curious what type of visibility you have right now that's giving you the confidence in seeing some improvement in restaurant trends in the horizon. I know you talked about the impact of the higher menu prices and how consumers will adjust to that eventually. But just curious what's impacting that confidence? And any sort of sense of time line for how we can see it play out?

Question: Max Andrew Stephen Gumport - BNP Paribas Exane, Research Division - Analyst : Got it. And then turning back to the sort of the backfilling of the contracts that you exit in '23, it feels like it's been pushed off a bit, right, given the ERP transition. But I'm just curious because right now, I feel like you're going to be trying to maintain relationships with customers that were impacted by the ERP transition. So how far that has your ability to start to make progress on backfilling some of those contracts you exited with higher margin business has been pushed, is that more of a middle of '25-type event now? I'll leave it there.