JDE Peet's progressing well towards 2025 goals with solid Q1 performance

From GlobeNewswire: 2025-05-08 02:00:00

JDE Peet’s, a leading coffee company, provided an update on its business and financial performance for the year so far. The company has divested its tea business in Turkey and decided to discontinue the roll-out of its L’OR Barista machines in the U.S. Additionally, the company received the prestigious 2025 Catalyst Award. They are also considering price increases due to higher green coffee prices. The company is on track to achieve its 2025 outlook, with 28% of a share buyback completed as of May 2, 2025.

The company is proposing the appointment of Mr. Rob de Groot as a non-executive member of the Board of Directors. Rob has extensive experience in the FMCG sector and has been involved in transforming companies. His appointment is subject to approval at the Annual General Meeting of Shareholders on June 19, 2025. JDE Peet’s is a leading coffee and tea company with a global presence, generating total sales of EUR 8.8 billion in 2024.



Read more at GlobeNewswire: JDE Peet’s on track to achieve 2025 outlook with solid Q1