JDE Peet's says 'unprecedented' green coffee price hikes result in $1.9 billion cost inflation

JDE Peets NV

24/02/2026 06:20

Feb 24 (Reuters) - Netherlands-based coffee and tea group JDE Peet's JDEP.AS said on Tuesday green coffee price hikes and cost inflation resulted in total cost inflation of 1.6 billion euros ($1.9 billion) last year.

The company reported 15.3% organic sales growth to 9.92 billion euros for the year, driven by price hikes, and full-year adjusted core earnings of 1.59 billion euros, roughly in line with the 2024 number.

($1 = 0.8489 euros)

(Reporting by Alessandro Parodi, editing by Milla Nissi-Prussak)

((Alessandro.Parodi@thomsonreuters.com;))