Mondelēz International is the latest chocolate maker to raise its full-year growth forecasts in its Q2 results following on from Hershey and Nestle last week, leveraging strong demand to hike prices and shield their margins from higher cocoa and raw material...
The Hershey Company has announced an increase of 5.0% in consolidated net sales and an organic, constant currency net sales also of 5.0%. In its Second-Quarter 2023 Financial Results, it also updated its full-year reported earnings outlook to reflect...
Nestlé has reported better-than-expected first-half organic sales in its half-year results for 2023 and said it improved its full-year organic sales outlook after raising prices to cope with higher production costs.
Luxury Swiss chocolate maker Lindt & Spruengli has posted stronger-than-expected operating profits in the first half of 2023 and raised its full-year outlook, after hiking up prices for its chocolate easter bunnies and pralines.
Lindt & Spruengli has revealed its 2022 operating profit (EBIT) increased by 15.5% year on year to CHF 744.6 million, from CHF 644.9 million in the previous year, and the Swiss chocolate maker also proposed a higher dividend payout to investors as...
The Singapore-based agribusiness said it remains ‘cautiously optimistic' about its prospects for 2023’ despite reporting 24.5% lower earnings of S$200.0 million (US$148.52m) for the year ending 31 December 2022.
Ferrero International has posted a €14 billion turnover ($14.92bn), up 10.4% over the previous year (€12.7 billion), according to the Group’s fiscal year 2021-2022 results.
Strong international sales, particularly in the North American market, helped organic sales grow by 8.4% in 2022, according to the latest financial results released by Lindt & Spruengli.
Mondelēz International has announced net revenues grew 8.1% year-on-year in the third quarter this year, driven by stronger pricing and volume. The Chicago-headquartered company also raised its full-year results forecasts and announced more price hikes...
The Olam Group said it remains cautiously optimistic about its prospects for the rest of the year, despite global supply chain issues, and confirmed it still intends to go ahead with the ofi IPO – favourable market conditions permitting.
Swiss chocolate maker has made a first-half net profit jump of 36% to 138.4 million francs and said it now expects 2022 organic sales growth of 8-10% with an operating margin of approximately 15%.
The Mexican bakery giant reported a doubled second-quarter net profit and raised its sales and operating earnings outlook, citing strong demand from regions including the US and Europe.
Barry Callebaut said the financial impact of the shutdown at its Wieze factory because of a salmonella outbreak is being assessed, but the Group expects it to be notable for the financial results in the fourth quarter of 2021-22.
The company said it is raising its 2022 net sales and earnings per share outlook to reflect the strength of its performance and strong demand for its chocolates and candies in the first quarter and expectations for the balance of the year.
Swiss confectionery brand Lindt & Sprüngli has announced it is closing its retail outlets and suspending deliveries to Russia following the country’s invasion of Ukraine.
Ferrero International has closed the financial year with a consolidated turnover of €12.7bn ($14.43bn), an increase of +3.4% compared to the previous year’s turnover of €12.3bn.
The announcement was made in a press conference webcast by Nestlé CEO Mark Schneider, as the company reported strong annual growth in 2021, in its full-year results.
Swiss-based chocolate supplier Barry Callebaut said strong demand for chocolate in its gourmet category has produced ‘strong volume growth’ and lifted its sales in the three months to 30 November.
Global chocolate and cocoa supplier reports healthy growth, good profitability and strong cash generation, and an impressive recovery from its gourmet division.
Price increases and strong demand from emerging markets contributed to Mondelēz International posting higher revenue figures in the third quarter and raising its annual sales forecast - while aiming to achieve net-zero emissions by 2050.
The confectionery industry received a boost as it heads into the important Halloween weekend when the Hershey Co raised its annual net sales and adjusted earnings forecast.
Nestlé said its confectionery sector recorded high single-digit growth, supported by a strong sales development for KitKat, after the company reported its nine-month sales for 2021, raising full-year organic sales growth guidance.
1-800-FLOWERS.COM, a leading e-commerce gift and confectionery provider, has reported total net revenues increased by 42.5% to a record $2.12bn in the full year ended June 27, 2021, compared with $1.49bn in the prior year.
Hotel Chocolat’s online and subscriptions are set to make up more than half of all sales this year, the premium brand reported in its latest trading update.
One of North America’s leading e-commerce providers of products has reported results for its Fiscal 2021 Third Quarter ended March 28, 2021, with record total net revenues of $474.2m, driven by ecommerce growth of 83.2%.
Mondelēz International has posted 7.9% revenue growth in the first quarter with improving performance in its emerging markets – after achieving double-digit growth in Cadbury Dairy Milk along with high-single growth in Oreo.
Olam International, the global food and agri-business with cocoa now under its Olam Food Ingredients (OFI) division, has released its 2020 Annual Report, claiming to have met its target for 100% traceability of its directly sourced cocoa.
Swiss premium chocolate maker Lindt & Spruengli said it is aiming for 6-8% organic sales growth this year after the pandemic hits key areas of its business with net profit falling 37.5% to 320.1 million Swiss francs ($349.53 million) in 2020.
North America’s leading online gift provider has reported record-breaking quarterly revenues up 44.8% compared to the same period, driven by ecommerce growth of 59.7%, it said in a statement.
Barry Callebaut Group said sales volumes have bounced back in the final quarter of 2020, showing a recovery of 4.3%, as the company anticipated, earlier in the year.
Demand for food and drinks consumed at home remained strong during lockdowns, Nestlé has reported in its nine-month sales for 2020, while sales of products including confectionery consumed out of home and on the go - about 15% of the KitKat maker's...
Confectionery giant has revised its outlook for the rest of the year, cutting its underlying sales growth forecast to 2-3% as the ‘pantry-stocking’ effect begins to wane in households coming out of coronavirus-related lockdown.
Premium British chocolatier Hotel Chocolat Group plc has announced revenue of £136m ($174m), an increase of 3% compared with the same period last year, despite its physical high-street outlets being shuttered for 12 weeks because of the coronavirus lockdown.
Lindt & Sprüngli reported a strong start to 2020, but the Swiss chocolate maker said it expected organic sales to fall around 5-7% this year after COVID-19 related store closures hit sales and profit following the global shutdown.
Mondelēz International Inc shares rose 1.6% in extended trading Tuesday (29) as the company beat stock market estimates for quarterly results, driven by a surge in demand in its North American market.
Hershey Co has announced it has withdrawn its full year financial outlook for fiscal year 2020 and has warned of weak sales in certain categories as households worried about their financial futures cut spending on snacks and chocolates.
Shares were down in early trading (Thursday, April 16) after chocolate maker Barry Callebaut announced it was drawing on a €1bn ($1.09bn) revolving credit facility to shore up liquidity after the coronavirus epidemic hit sales in early 2020.
Swiss KitKat maker has told frontline employees in its global operation to prepare for difficult times ahead due to the coronavirus pandemic and that the company is taking necessary steps to keep its food and beverages supply chain operational.
In the financial year 2019, Lindt & Sprüngli achieved 'very solid sales growth, gained substantial market shares and once again grew faster than the overall chocolate market'.
