Results: Chocoladefabriken Lindt & Sprüngli AG Exceeded Expectations And The Consensus Has Updated Its Estimates

Shareholders might have noticed that Chocoladefabriken Lindt & Sprüngli AG (VTX:LISN) filed its half-year result this time last week. The early response was not positive, with shares down 5.6% to CHF93,100 in the past week. Revenues were CHF2.3b, approximately in line with expectations, although statutory earnings per share (EPS) performed substantially better. EPS of CHF840 were also better than expected, beating analyst predictions by 13%. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Chocoladefabriken Lindt & Sprüngli after the latest results.

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Taking into account the latest results, Chocoladefabriken Lindt & Sprüngli's 16 analysts currently expect revenues in 2026 to be CHF6.05b, approximately in line with the last 12 months. Statutory per-share earnings are expected to be CHF3,240, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of CHF6.07b and earnings per share (EPS) of CHF3,210 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

View our latest analysis for Chocoladefabriken Lindt & Sprüngli

The analysts reconfirmed their price target of CHF105,768, showing that the business is executing well and in line with expectations. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Chocoladefabriken Lindt & Sprüngli analyst has a price target of CHF137,000 per share, while the most pessimistic values it at CHF81,660. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that Chocoladefabriken Lindt & Sprüngli's revenue growth is expected to slow, with the forecast 3.5% annualised growth rate until the end of 2026 being well below the historical 6.1% p.a. growth over the last five years. Compare this to the 9 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 3.3% per year. So it's pretty clear that, while Chocoladefabriken Lindt & Sprüngli's revenue growth is expected to slow, it's expected to grow roughly in line with the industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at CHF105,768, with the latest estimates not enough to have an impact on their price targets.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Chocoladefabriken Lindt & Sprüngli going out to 2028, and you can see them free on our platform here.

You can also view our analysis of Chocoladefabriken Lindt & Sprüngli's balance sheet, and whether we think Chocoladefabriken Lindt & Sprüngli is carrying too much debt, for free on our platform here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.