Hershey

Hershey And Cadbury Chocolate Makers Eye Price Hikes To Cover Cocoa Crunch

The makers of Hershey and Cadbury chocolates are planning more price hikes to cover a fresh record-setting surge in cocoa prices, even as inflation-hit con...

Hershey Forecasts 2024 Sales And Profit Below Estimates, Announces Job Cuts

Hershey has forecast full-year sales and profit below estimates and said it would cut jobs that will impact less than 5% of its workforce.

Cocoa Prices Soar To Record Highs As Traders Scramble For Supplies

World cocoa prices hit fresh record highs on Thursday (8 February) as traders continued to scramble for supplies, predicting ever wider deficits...

Campbell Soup Beats Quarterly Profit Estimates On Higher Prices

Campbell Soup surpassed Wall Street expectations for quarterly profit, benefiting from higher prices for its packaged meals and snacks that helped offset a...

Hershey Tops Quarterly Estimates Boosted By Higher Candy Prices

Hershey beat Wall Street expectations for quarterly sales and profit, benefiting from higher prices of its chocolates and candies at a time when demand has...

Consumer Reports Finds More Lead And Cadmium In Chocolate

Consumer Reports said it had found 'concerning' levels of lead and cadmium in a third of various chocolate products it tested recently, and called on Hersh...

US Food Companies Go Deal Hunting As Pandemic Growth Fades

US packaged food companies are set for a flurry of deals in a push to revamp their brand portfolios as their pandemic-era fortunes fade and benefits of pri...

Chocolate Makers' Prospects Sour As Cocoa Prices Spike

Chocolate makers like Hershey and Mondelēz face tougher trading conditions over the next year as they attempt to pass on soaring cocoa costs to cash-strapp...