Lindt & Spruengli

Nestlé’s Chocolate Prices In Focus Among High Cocoa Costs

Nestlé may flag more price hikes when it reports first-half earnings on Thursday, making its brands more expensive by Christmas.

Lindt posted first-half organic sales of 2.16 billion Swiss francs, in line with expectations, and announced a share buyback programme.

Aryzta has announced the appointment of Michael Schai as chief executive officer of the company, effective from 1 January 2025.

Barry Callebaut shares fell after the chocolate maker announced that quarterly sales volumes had declined as cocoa prices boosted costs.

Lindt & Spruengli has reported a rise in annual profit thanks to price hikes offsetting increased production costs.

Nestlé is buying a majority stake in Brazilian premium chocolate maker Grupo CRM.

Lindt & Spruengli said its 2022 profit rose and the Swiss chocolate maker also proposed a higher dividend payout on Tuesday.

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