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Investing.com -- Shares in Swiss chocolate maker Lindt & Sprüngli fell 7% on Tuesday after the company cut its full-year organic sales growth forecast to 0%-2% from 4%-6%, citing weaker demand in Germany, Switzerland and Austria following price increases and an unusually hot summer.
Investing.com -- Shares in Chocoladefabriken Lindt & Sprüngli fell on Tuesday after the Swiss chocolatier posted first-half results that missed volume expectations and revealed a sharp deterioration in European sales, overshadowing a margin beat driven by cost savings and a standout performance in North America.
The Swiss chocolatier’s shares are heading for their worst quarter in 17 years as consumers push back against nearly 20% price increases.
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