Chocoladefabriken Lindt & Spruengli AG
LISN: XSWX (CHE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CHF 17,387.00 | Kxfp | Vcvpsdhqy |
Lindt & Spruengli 2015 Sales Disappoint on Tough Trading; Shares Materially Overvalued
Narrow-moat Lindt & Spruengli reported disappointing full-year 2015 sales, implying a sharp slowdown in growth between the two halves of the year, which is imputable to tougher trading conditions. After hitting 9.4% in the first half, organic sales growth slumped to around 5% in the second half. Full-year growth of 7.1% is still within the company's forecasts of 6%-8%.