JDE Peet\u2019s reported a rise of 2% in its full-year core profit, exceeding analysts\u2019 expectations. The company is also predicting a \u201cstable\u201d gross profit for 2022 in spite of inflation.<\/p>\n\n\n\n
JDE Peet\u2019s is one of the largest coffee companies in the world, and also owns a range of coffee and tea brands including L\u2019OR, Pickwick, Senseo, Tassimo and TiOra. It sells its coffee mostly at supermarkets but also has a small business in coffee shops led by Peet\u2019s, a popular brand in the US.<\/p>\n\n\n\n The company would \u201csuccessfully navigate an unprecedented year of inflation in 2022.\u201d<\/p>Fabian Simon, JDE Peet\u2019s CEO<\/cite><\/blockquote><\/figure>\n\n\n\n Earnings before interest, taxes, depreciation and amortisation (EBITDA) totalled \u20ac1.30 billion (approximately USD 1.42 billion) for the full year. This was an improvement over analysts expectations which expected the figure to remain unchanged from 2020, at \u20ac1.28 billion.<\/p>\n\n\n\n Fabian Simon, JDE Peet\u2019s chief executive officer, stated that he was confident the company would \u201csuccessfully navigate an unprecedented year of inflation in 2022.\u201d<\/p>\n\n\n\n The coffee company is also forecasting double-digit sales growth in the current year, but expects \u201cstable\u201d gross profit. It remains the aim for medium-term sales growth of 3-5% and single-digit operating profit growth. <\/p>\n\n\n\n Martin Deboo, an analyst for Jefferies, a broker, stated that while both earnings and sales were better than expected in 2021, the company\u2019s forecast of stable gross profit in 2022 \u201cimplies presumably material uncertainty around marketing and wage costs\u201d. The analyst predicts a decline in operating profit in 2022, and listed the shares as likely to underperform. <\/p>\n","protected":false},"excerpt":{"rendered":" JDE Peet\u2019s reported a rise of 2% in its full-year core profit, exceeding analysts\u2019 expectations. The company is also predicting a \u201cstable\u201d gross profit for 2022 in spite of inflation. JDE Peet\u2019s is one of the largest coffee companies in the world, and also owns a range of coffee and tea brands including L\u2019OR, Pickwick, […]<\/p>\n","protected":false},"author":1104,"featured_media":24476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_gspb_post_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[3],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/posts\/25769"}],"collection":[{"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/users\/1104"}],"replies":[{"embeddable":true,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/comments?post=25769"}],"version-history":[{"count":3,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/posts\/25769\/revisions"}],"predecessor-version":[{"id":25791,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/posts\/25769\/revisions\/25791"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/media\/24476"}],"wp:attachment":[{"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/media?parent=25769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/categories?post=25769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/tags?post=25769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}