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Lindt Heads for Worst Quarter in 17 Years on Price-Hike Fallout

Lindt Heads for Worst Quarter in 17 Years on Price-Hike Fallout
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Lindt Heads for Worst Quarter in 17 Years on Price-Hike Fallout Lindt & Spruengli AG’s shares are on track for their biggest quarterly loss in 17 years as consumers tire of higher chocolate prices, signaling that the Swiss confectioner’s strategy of passing on the cost of cocoa may be running out of room. The company’s participation certificates recently bounced off four-year lows but are still down 15% from the end of March. The chocolatier is set for its worst quarterly showing since 2009,...

Lindt Heads for Worst Quarter in 17 Years on Price-Hike Fallout Lindt & Spruengli AG’s shares are on track for their biggest quarterly loss in 17 years as consumers tire of higher chocolate prices, signaling that the Swiss confectioner’s strategy of passing on the cost of cocoa may be running out of room. The company’s participation certificates recently bounced off four-year lows but are still down 15% from the end of March. The chocolatier is set for its worst quarterly showing since 2009, when it grappled with the fallout from the global financial crisis.
Lindt Heads (ORG) Worst Quarter (EVENT) Spruengli AG’s (ORG) Swiss (ORG)
Originally published by Bloomberg Markets Read original →