Daniel Bürki's questions to Barry Callebaut AG/ADR (BRRLY) leadership • Q2 2023
Question
Daniel Bürki from Zürcher Kantonalbank requested an assessment of the U.S. consumer, asking whether destocking has concluded and if there are signs of down-trading.
Answer
CFO Ben De Schryver explained that the recovery from customer destocking in the U.S. was slower than anticipated in Q2. He noted that while the overall North American confectionery market was down, sentiment is now turning more positive, particularly in out-of-home consumption. He stated that the business remains resilient over the long term despite quarter-to-quarter fluctuations.