|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||10,900.00 - 10,900.00|
|52 Week Range||9,150.00 - 13,875.50|
|Beta (5Y Monthly)||0.28|
|PE Ratio (TTM)||48.18|
|Forward Dividend & Yield||123.28 (1.13%)|
|Ex-Dividend Date||May 02, 2022|
|1y Target Est||N/A|
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Lindt & Sprüngli offered a sweet treat during the pandemic. The Swiss chocolate maker’s shares rose strongly in 2021, hitting a sugar high at the start of this year. Organic sales growth in the first half of 2022 exceeded 12 per cent. Earnings before interest and tax were up by more than a third.
A sharp fall has created a buying opportunity in shares of the Swiss confectioner, which has gained market share in the U.S. and some other lands.
ZURICH (Reuters) -Swiss chocolate maker Lindt & Spruengli expects sales of its upmarket chocolates to grow less in 2022 than last year, it said on Tuesday, and blamed supply chain bottlenecks for a slowdown in late 2021 in North America. The maker of the best-selling Lindor chocolate balls, which has maintained spending on advertising and new products throughout the COVID-19 pandemic, said market share gains boosted organic sales by 13.3% last year. Lindt, along with other chocolate makers, saw a dip in demand in 2020, but sales recovered strongly in 2021 as people ate more treats and bought gifts for friends and relatives they had been unable to see at the height of the pandemic.