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00:02Italian coffee maker Lavazza reported revenue of $4.48 billion, of 15.7%, according to Reuters.
00:10Sales in North America rose 27%, even as Trump's import tariffs remained in place.
00:16Core profit increased 8.8% to $340 million as costs rose.
00:22The company said high green coffee prices, regulatory uncertainty,
00:25and a logistics crisis increased costs and extended delivery times.
00:30It said these pressures contributed to a global contraction in sales volumes.
00:35CEO Antonio Baraval said the first months of the year brought geopolitical tensions that will impact operating costs.
00:41For all things money, visit Benzinga.com.
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