Thomas Werner

Advisor, Lamb Weston

Search every verified Thomas Werner interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. During the first quarter of fiscal 2021 earnings call on September 24, 2020, Werner discussed the company's sequential improvement in performance, attributing it to pricing flow-through, restaurant reopenings, and recovering volumes. He noted that price increases in the food service division roll through over time due to varying customer contracts, and he expressed confidence in the company's retail shelf space and branded offerings. Werner also addressed cost management, stating that inefficiency and COVID-related costs were flowing through inventory, while the company continued normal facility maintenance and had deferred some expansion capital. On the third quarter fiscal 2020 earnings call on April 1, 2020, Werner outlined the company's priorities for managing through the COVID-19 pandemic, including adjusting production plans in real time and shifting lines to retail to meet surging demand. He reported that in China, french fry demand declined about 50% for a month after government restrictions, then recovered to about 70% of pre-crisis levels as restrictions eased. Werner also stated that the company had fully drawn down its $500 million revolver for financial flexibility, suspended its share repurchase program, and maintained a regular quarterly dividend, citing a strong balance sheet and sufficient liquidity to withstand a prolonged downturn.