Price hikes nibble at demand for Lindt chocolate

Consumers continued to bargain Lindt cocoa contempt the institution hiking prices owed to record-high cocoa costs. Photo: Fabrice COFFRINI / AFP/File
Source: AFP

Premium Swiss cocoa shaper Lindt & Sprungli hiked its 2025 income people arsenic cocoa terms hikes passed connected to customers outweighed a driblet successful volumes.

The company, known for its Lindor pralines and golden cocoa Easter bunnies, hiked its prices by 15.8 percent to offset record-high cocoa costs.

While income volumes declined by 4.6 percent, it inactive saw revenues ascent by 9 percent to 2.4 cardinal Swiss francs ($3.0 billion) arsenic consumers continued to bargain cocoa contempt the terms hikes.

Excluding the effect of changing currency values, income maturation was 11.2 percent.

"We person shown resilience successful a challenging marketplace environment," main enforcement Adalbert Lechner said successful a statement, pointing to merchandise innovation and cost-cutting efforts to mitigate the cocoa outgo increase.

Nevertheless, nett net slid 13.3 percent to 189 cardinal Swiss francs successful the archetypal fractional of the year.

The institution raised its people for integrated income maturation to 9 to 11 percent, up from 7 to 9 percent previously.

Source: AFP