Barry Callebaut AG (CH:BARN)
:BARN
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Earnings Data
Report Date
Nov 04, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
21.2Last Year’s EPS
33.13Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Q2 2026
Earnings Call Date:Apr 16, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call presented a mixed picture: strong financial resilience (CHF 802m free cash flow, significant deleveraging, net profit and PBT resilience, diversified financing) and clear, focused management actions (leadership simplification, Focus for Growth plan) are compelling positives. However, material operational weaknesses (volume declines, North America supply disruptions, quality incidents), pressured Gourmet margins from rapid cocoa price moves, and a downgraded EBIT outlook are significant near-term negatives. Management has a concrete remediation plan and balance sheet strength to execute it, but execution risks and external uncertainties (Middle East, cocoa market volatility) temper near-term upside.Company Guidance
Strong cash generation and deleveraging
Generated CHF 802 million free cash flow in H1 despite peak buying season; net debt reduced by ~CHF 2.5 billion year-on-year; reported leverage (net debt / EBITDA) fell to 3.9x from 6.5x (Feb prior year) and adjusted leverage excluding cocoa bean inventories is 2.7x.
Net profit and PBT resilience despite EBIT decline
Recurring EBIT decreased by 4.2% (CHF ~14 million) but profit before tax increased by CHF 2 million (+1.3%) and net profit rose by CHF 42 million (+66%), helped by substantially lower finance costs and a reduced effective tax charge (income tax expense down to CHF 29.6m from CHF 69.4m; effective tax rate 21.4%).
Favorable cocoa market dynamics and booking momentum
Cocoa bean prices fell ~53% within eight weeks (Jan–Feb) to GBP 2,057, replenishing global stocks and creating a carry structure in futures; customers are booking further ahead again and forward bookings are materially higher than last year.
Operational cash benefit from lower bean prices
Cocoa bean price decline contributed a CHF 1.5 billion positive impact to cash in H1 and inventories in February were ~10% lower year-on-year, supporting the strong cash generation.
Sequential volume improvement and regional outperformance
Sequential quarterly improvement in volumes: Q2 group volume decline improved to -3.6%; global chocolate volumes down 5.1% in H1, outperforming Nielsen market decline of -6.5%; strong regional performance in AMEA (+8.5% in H1, double-digit in Q2) and Latin America (+1.5%).
Balance sheet and financing actions
Signed a EUR 2 billion sustainability-linked borrowing base facility (EUR 1.6bn committed + EUR 400m uncommitted) to diversify funding and increase flexibility; repaid EUR 263m term loan and EUR 191m Schuldschein and materially reduced commercial paper/bilateral exposures.
Cost savings delivered from prior program
The prior Next Level program delivered savings of ~CHF 150 million and enabled investments in digital, quality and supply processes.
Leadership and strategic refocus underway (Focus for Growth)
New CEO previewed Focus for Growth: reduced executive leadership team from 20 to 12, removed standalone transformation office, reduced consultancy spend, and outlined concentrated commercial, operational and organizational priorities (top markets/customers, Gourmet brand hierarchy, specialties prioritization, service/OTIF restoration).
CH:BARN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CH:BARN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 16, 2026 | CHF1264.00 | CHF1067.00 | -15.59% |
Nov 05, 2025 | CHF985.34 | CHF1027.37 | +4.27% |
Apr 10, 2025 | CHF1031.28 | CHF809.39 | -21.52% |
Nov 06, 2024 | CHF1470.82 | CHF1488.94 | +1.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Barry Callebaut AG (CH:BARN) report earnings?
Barry Callebaut AG (CH:BARN) is schdueled to report earning on Nov 04, 2026, TBA (Confirmed).
What is Barry Callebaut AG (CH:BARN) earnings time?
Barry Callebaut AG (CH:BARN) earnings time is at Nov 04, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Barry Callebaut AG stock?
The P/E ratio of Barry Callebaut AG is N/A.
What is CH:BARN EPS forecast?
CH:BARN EPS forecast for the fiscal quarter 2026 (Q4) is 21.2.