Lindt Heads for Worst Quarter in 17 Years on Price-Hike Fallout
Bloomberg 2026-06-29 06:32:16
Context: Lindt & Sprüngli AG, a Swiss confectioner, is facing significant backlash from consumers due to its recent price hikes, which may be impacting its quarterly performance. The company's strategy of passing on the cost of cocoa to consumers appears to be reaching its limits. As a result, Lindt's shares are poised to experience their largest quarterly decline in 17 years.
Key Facts
- Lindt & Sprüngli AG's shares are on track to record their biggest quarterly loss in 17 years due to consumer fatigue with higher chocolate prices.
- The Swiss confectioner's strategy of passing on the cost of cocoa to consumers may be running out of room, as consumers are increasingly sensitive to price hikes.