|Bid||0.00 x 0|
|Ask||7,935.00 x 0|
|Day's range||7,930.00 - 8,095.00|
|52-week range||6,365.00 - 8,665.00|
|Beta (5Y monthly)||0.30|
|PE ratio (TTM)||4.31|
|Forward dividend & yield||105.00 (1.30%)|
|Ex-dividend date||29 Apr 2020|
|1y target est||6,333.33|
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.
Swiss chocolate maker Lindt & Spruengli <LISN.S> said its original goal to grow organic sales by 5-7% this year was no longer valid as the coronavirus epidemic hit its business. After a strong start to the year, the group saw the spreading virus having an impact at the beginning of March, particularly in travel retail, its own store network, food service and the grocery trade in certain markets, the maker of gold foil-wrapped Easter bunnies said in a statement on Tuesday. The spreading coronavirus pandemic, which has infected more than 770,000 people worldwide, has led governments to take drastic measures, such as closing restaurants and stores, including in Lindt's most important markets in Europe.
Swiss chocolate maker Lindt & Spruengli on Tuesday proposed a sweeter payout to shareholders, increasing its dividend by 75% to mark its 175th anniversary. Chocolate makers are facing sluggish growth, particularly in saturated U.S. and European markets, as consumers often opt for healthier snacks these days, but Lindt has fared better than peers thanks to its upmarket positioning. "For the coming years, Lindt & Spruengli confirms its existing mid- to long-term organic sales growth target of 5-7% per year," the maker of Lindor chocolate balls and gold foil-wrapped Easter bunnies said in a statement on Tuesday.