In addition, all our segments had fewer shipping days related to the timing of the Thanksgiving holiday. We also realized the impact of higher than expected input and fixed cost inflation, which pressured earnings." While the operating environment in most of Lamb Weston's markets outside of China during Q3 was favorable, estimates on the sweeping impact of novel coronavirus on the global economy are unclear. What is clear is that a recession, if not worse, is inevitable. President & CEO Tom Werner "At this time, despite only two months remaining in our fiscal fourth quarter, we are unable to reasonably forecast frozen potato product demand because of the pandemic's unpredictable near-term effect on restaurant traffic in North America and our key international markets," stated Werner. Noting that the current demand situation is fluid, the chief executive added: "There will undoubtedly be an effect on our operations and supply chain.