July 21, 2020 / 5:19 AM / 14 days ago

Lindt sales and profit down as COVID-19 hits chocolate appetite

ZURICH, July 21 (Reuters) - Swiss chocolate maker Lindt & Spruengli said it expected organic sales to fall around 5-7% this year after COVID-related store closures hit sales and profit in the first half of 2020.

Chocolate makers have been facing soft demand as many grocery shoppers focused on stocking up on essential supplies and made fewer impulse purchases during the COVID-19 pandemic.

Reporting by Silke Koltrowitz; Editing by Michael Shields

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