Barry Callebaut stock: Sales fall as volumes recover late in year

Published on 11/11/2026 at 02:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barry Callebaut stock faces a mixed earnings picture after full-year sales fell 15.2 percent. Fourth-quarter volumes recovered.

Volume Recovery Meets Earnings Pressure

Barry Callebaut reported lower full-year sales and volumes for fiscal 2025/26.
Fourth-quarter volume growth pointed to a recovery in the second half.
The Gourmet division delivered double-digit growth in the final quarter.

Barry Callebaut, CH0009002962, Illustration mit AI erstellt.

Barry Callebaut reported lower full-year sales for fiscal 2025/26 on Wednesday, November 4, as falling cocoa-related selling prices weighed on revenue. Confectionery Production reported that sales declined 15.2 percent to 12.2 billion Swiss francs, while group volumes fell 0.7 percent.

Volumes Improve Into Year-End

The operating trend improved in the second half. Fourth-quarter volume rose 5.7 percent, according to the company, while the Gourmet division recorded 13 percent growth in the final quarter. The recovery came as the wider chocolate market remained under pressure.

Profitability Remains Under Pressure

Recurring operating profit fell 14.1 percent to 604.5 million Swiss francs. The company attributed the pressure to challenges in its Gourmet division and volatile cocoa bean prices, even as management pointed to stronger cash generation and progress under its Focus for Growth plan.

For investors, the results present a mixed operating picture: volume momentum improved late in the year, but lower cocoa prices reduced reported sales and profitability. The next focus will be whether the recovery in higher-value chocolate activities can offset continued market and commodity pressure.