Lindt Heads for Worst Quarter in 17 Years on Price-Hike Fallout
Lindt & Spruengli AG’s shares are on track for their biggest quarterly loss in 17 years as consumers tire of higher chocolate prices, signaling that the Swiss confectioner’s strategy of passing on the cost of cocoa may be running out of room.
Lindt & Spruengli AG’s shares are on track for their biggest quarterly loss in 17 years as consumers tire of higher chocolate prices, signaling that the Swiss confectioner’s strategy of passing on the cost of cocoa may be running out of room.
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