|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||117,700.00 - 117,700.00|
|52-week range||100,000.00 - 117,700.00|
|Beta (5Y monthly)||0.28|
|PE ratio (TTM)||55.07|
|Forward dividend & yield||1,296.15 (1.10%)|
|Ex-dividend date||02 May 2022|
|1y target est||N/A|
Swiss chocolate maker Lindt & Spruengli has decided to exit the Russian market because of the invasion of Ukraine, the company said on Tuesday. The company, famous for its Lindor chocolate balls and golden foil-wrapped Easter rabbits, had decided in March to close its shops and suspend deliveries to Russia temporarily. "We will support our employees in Russia and act in accordance with local regulations."
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.
Godiva CEO Nurtac Afridi joins Yahoo Finance Live to discuss the chocolate maker's revenue growth amid the pandemic, adapting to resource scarcity, and the company's new multi-channel strategy to keep up with increasing consumer demands.