|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||78,500.00 - 79,700.00|
|52 Week Range||65,200.00 - 93,800.00|
|Beta (5Y Monthly)||0.32|
|PE Ratio (TTM)||42.97|
|Earnings Date||Jul 21, 2020|
|Forward Dividend & Yield||1,050.00 (1.32%)|
|Ex-Dividend Date||Apr 29, 2020|
|1y Target Est||72,037.50|
Swiss chocolate maker Lindt & Spruengli expects a slow recovery in sales from the impact of the coronavirus crisis, before they bounce back next year, the company said on Tuesday. Chief Financial Officer Martin Hug said he expected sales at the group's own stores to be below 2019 levels this year as social distancing meant fewer transactions, and he saw no quick recovery in the group's profitable travel retail business. Hug said there were no signs of consumers swapping high-quality chocolate for cheaper treats as products typically consumed at home - like Lindt's Excellence chocolate - had done well.
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With big family gatherings off limits, friends and relatives are unable to meet and hand over Easter egg treats, and chocolate makers' online sites are struggling to keep up with exceptionally high demand for deliveries by this weekend. Easter eggs are on sale in shops but those customers who do venture out have been focused more on stocking up on basics such as pasta and tinned food. Creme egg maker Cadbury, owned by U.S. group Mondelez , said demand for its eggs in stores was lower than usual this year but traffic on its website had surged five-fold.