Archive · 5 Jun 2025
Swiss Chocolate Giants Diverge Amid Soaring Cocoa Prices
Imagine two chocolate companies in Switzerland.
One, Lindt, is doing great!
They sell fancy chocolates and can charge more, even though cocoa prices are super high.
The other company, Barry Callebaut, is struggling.
They sell chocolate to other companies like Nestle and Hershey, but they can't charge as much.
This is because cocoa, the main ingredient, has gotten super expensive.
Lindt is making new, exciting chocolates and people still want them, but Barry Callebaut is having a tougher time.
Some experts think things could change soon, but for now, the two companies are going in different directions.
Lindt & Spruengli shares rose 29% due to successful cost pass-through and product launches.
Barry Callebaut shares fell 29% due to a lack of pricing power amid high cocoa costs.
Cocoa prices have more than quadrupled in 2023-2024, impacting both companies.
Lindt plans price increases, while Barry Callebaut customers pause orders due to prices.
Analysts predict potential reversals in the companies' stock performance in the next 12 months.
- Who
- Lindt & Spruengli AG and Barry Callebaut AG.
- What
- Diverging stock performance of two Swiss chocolate makers due to cocoa prices.
- When
- In 2024
- Where
- Switzerland
- Why
- Soaring cocoa prices impact pricing power differently for the two companies.
- Lindt & Spruengli stock change
- Up 29%
- Barry Callebaut stock change
- Down 29%
- Cocoa price increase
- More than quadrupled in 2023-2024
- Barry Callebaut CEO tenure impact
- Negative annualized return of 30%
- Lindt Product Launch
- Dubai-style chocolate