Hershey

Hershey Expects Sales To Grow For Rest Of 2020

Hershey Co beat quarterly profit estimates and said it expects sales to accelerate in the months ahead, boosted by strong demand for its cooking chocolate...

Hershey Says Mint, Gum Sales Hit As Lockdowns Restrict Social Gatherings

Hershey Co has said that sales of gums and mints have taken a hit as social distancing protocols spurred by the COVID-19 pandemic discouraged people from p...

Barry Callebaut Shores Up Liquidity After COVID-19 Epidemic Hit Sales

Chocolate maker Barry Callebaut tapped a €1 billion ($1.09 billion) revolving credit facility to shore up liquidity after the coronavirus ep...

Child Labour Still Prevalent In West Africa Cocoa Sector Despite Industry Efforts: Report

The use of child labour on cocoa farms in top producers Ivory Coast and Ghana has risen over the past decade despite industry promises to reduce it, accord...

Hershey Forecasts 2020 Sales, Profit Largely Above Estimates

Hershey Co forecast 2020 profit and sales largely above Wall Street expectations, after the candy maker posted sales that beat estimates on higher prices a...

Hershey Acquires Stake In Irish Snack Bar Business

US confectionery giant The Hershey Company has acquired a minority stake in Fulfil Nutrition, an Irish producer of vitamin and protein bars. In a statem...

As Rural India Develops Taste For Chocolate, Mondelēz Extends Its Reach

Two years ago, Satish P., a bakery owner in the small village of Harohalli near Bengaluru, had his doubts about stocking Mondelēz's Cadbury Silk bars. P...

Hershey's Tepid Annual Forecast Overshadows Quarterly Profit Beat

Chocolate maker Hershey Co said its new price hikes would not add to its profit and sales in the remaining two quarters and gave a dull full-year forecast....