2024-03-08 17:57:33 ET
Summary
- Recent performance for Lindt & Sprungli shows that sales growth is primarily driven by price, while volume growth has declined.
- Net debt has also seen an increase as a result of share buybacks.
- I take the view that the company needs to see a rebound in volume growth and a reduction in net debt to justify further long-term upside.
Investment Thesis: I rate Lindt & Sprungli as a hold at this point in time given the slowdown we have been seeing in volume growth....
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For further details see:
Lindt & Sprungli Q4: Sales Growth Continues, But Volume's Slowing