Barry Callebaut forecasts lower profit

Barry Callebaut reported volume growth in its fiscal fourth quarter but forecast a slightly weaker profit for the upcoming year after raising its cocoa price assumptions. The chocolate maker expects recurring operating earnings to grow between three and five percent.

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FILE PHOTO: Empoyees of chocolate and cocoa product maker Barry Callebaut prepare chocolates after the company's annual news conference in Zurich, Switzerland November 7, 2018. REUTERS/Arnd Wiegmann/File Photo

BARRY CALLEBAUT AG-REG expects recurring operating earnings to grow between 3% and 5% in the 2026/27 financial year. That forecast falls short of the 5.5% increase projected by consensus estimates.