World's biggest chocolate maker issues profit warning as cocoa prices collapse; shares plunge 17%
Business
Swiss chocolate maker Barry Callebaut on Thursday slashed its operating profit forecast, citing falling cocoa prices, industry overcapacity and potential supply disruption linked to the Iran war . The company, which is the world's largest chocolate maker, said it now expected earnings before interest and tax (EBIT) to decrease by "mid-teens" percentage in its 2025 to 2026 fiscal year. The outlook reflects a significant downgrade from just three months earlier, when the Zurich-headquartered
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