The volume of sales of the discreet Zurich Barry Callebaut fell by just over 5% for the second quarter of its fiscal year (which runs from July 1 to June 30). Analysts expected it to come out in a range of -2.1% to -3.4%. Does the difference justify mistrust in the company’s ability to meet the revenue growth targets it confirmed today, between 5 and 7% for 2023? No, answer the markets, which have remained positive on the title since the announcement of the figures, both in Europe and in the United States. Their reaction can be explained both by internal factors, the company’s fundamentals, and by the outlook for the market in which it operates.
Indigestible quarter for Barry Callebaut, world number one in chocolate
