|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||100,000.00 - 100,000.00|
|52 Week Range||89,138.63 - 100,000.00|
|Beta (5Y Monthly)||0.28|
|PE Ratio (TTM)||55.80|
|Forward Dividend & Yield||1,221.39 (1.22%)|
|Ex-Dividend Date||May 06, 2021|
|1y Target Est||N/A|
Lindt & Spruengli's gold foil-wrapped chocolate Easter bunny scored a legal win on Thursday as Germany's federal court ruled its gold tone had trademark protection. The Swiss premium chocolate maker has been fighting many court battles over the years to protect one of its best-selling products that, according to the federal court, crossed German counters more than 500 million times in the past 30 years. After failing to get comprehensive trademark protection for the shape of its sitting bunny, Lindt changed its tactics, trying to protect the shade of the foil instead, a strategy that seems to start bearing fruit.
Strong demand for Lindor and Excellence chocolates boosted sales and profit at Switzerland's Lindt & Spruengli in the first half, allowing it to raise its full-year guidance as the impact of the COVID-19 pandemic waned. The global chocolate confectionery market is still sluggish, but Lindt, whose organic sales dropped 6% last year, is now seeing demand for its upmarket chocolates recover due to continued investment in marketing and new products. "Group sales have almost returned to their pre-COVID-19 trajectory," Chief Financial Officer Martin Hug told investors on a call on Tuesday.
As confectionery groups scramble to reduce added sugar, chocolate sweetened with cocoa fruit pulp is about to hit supermarket shelves with food giant Nestle ready to launch its "Incoa" bar. Using cocoa fruit pulp, which is normally discarded, to flavour products reduces sugar and cuts food waste while boosting the income of cocoa farmers who can "upcycle" their cocoa by selling both the pulp and the beans. "This is a big launch, we give it to all the customers who want it and don't limit supplies," Alexander von Maillot, Nestle's global head of confectionery, told Reuters this week.