Swiss Chocolate Stocks Diverge as High Cocoa Prices Take Toll
By and Lisa Pham
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Shares in two of Switzerland's biggest chocolatiers are on markedly different courses this year as soaring cocoa prices prove a tougher obstacle for one than they do for the other.
Lindt & Spruengli AG has risen 29% to date as the Lindor maker has shown itself able to pass on higher costs to customers, helped by the launch of crowd-drawing products such as Dubai-style chocolate. By contrast, Barry Callebaut AG has fallen 29% as the world's leading manufacturer of bulk chocolate is weighed down by a lack of pricing power.
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