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Barry Callebaut Warns of Profit Decline Amid Cocoa Crash

4/17/2026

Summary

Story summary

Barry Callebaut issued a profit warning, expecting EBIT to decline in the mid-teens for fiscal 2025-2026 due to a drop in cocoa prices.
Cocoa prices have fallen more than 41% this year.
Despite lower cocoa costs typically boosting margins, Barry Callebaut faces declining sales volumes and industry overcapacity.
Geopolitical tensions around the Strait of Hormuz have added supply-chain uncertainty.
Investors reacted sharply, with Barry Callebaut's shares dropping nearly 17%.

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Story summary

Barry Callebaut issued a profit warning, expecting EBIT to decline in the mid-teens for fiscal 2025-2026 due to a drop in cocoa prices.
Cocoa prices have fallen more than 41% this year.
Despite lower cocoa costs typically boosting margins, Barry Callebaut faces declining sales volumes and industry overcapacity.
Geopolitical tensions around the Strait of Hormuz have added supply-chain uncertainty.
Investors reacted sharply, with Barry Callebaut's shares dropping nearly 17%.