Chocoladefabriken Lindt & Sprüngli AG (COCXF)
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ReutersPrice hikes boost Lindt sales, says more to come
(Reuters) -Swiss chocolate maker Lindt & Spruengli reported a 7% jump in its half-year organic sales on Tuesday, as customers bore the brunt of the historically high cocoa prices. The maker of chocolate bunnies and teddy bears reported organic sales of 2.16 billion Swiss francs ($2.43 billion) for the first six months of the year, while analysts polled by LSEG were expecting 2.1 billion francs. Price increases in the mid-single-digit percentage range contributed to the sales growth in the period, while volume/mix growth was broadly flat, the company said.
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