Cadbury results due to reveal cost of salmonella recall
The world’s largest confectioner Cadbury Schweppes is expected to confirm the cost of the salmonella recall and resulting sales decline when it delivers its interim results on Wednesday (2 August). According to "just-food" it has been widely speculated that the cost of the recall has risen to GBP20m (US$37.33m), up from the GBP5m that the company confirmed when the recall was first announced. Up to one million chocolate bars were withdrawn from the market last month, when Cadbury notified the UK’s Food Standards Authority that salmonella contamination has been detected in seven of Cadbury’s products.
“These figures are purely speculation,” a spokesperson for Cadbury told just-food on Monday (31 July). “We will cover anything that we can in relation to the recall when we release our interim results on Wednesday.”