The Hershey Company on Tuesday confirmed media reports it is raising candy prices as it battles rising cocoa costs. The price ...

Hershey is expected to raise its prices for retail customers by double digits. Prices will generally increase between the low ...

Hershey warned that sky-high cocoa prices were squeezing profits and forcing price hikes. That, in turn, put pressure on volumes.

The chocolate maker has notified retail customers of a double-digit percentage increase, as cocoa markets have stayed high on ...

Hershey's stock price has plunged more than 45% from the highs it reached in 2023. That's a painful drawdown, but it has pushed the dividend yield up to historically high levels at 3.66%.

“The confection business is going to bear the brunt of the margin impact due to cocoa,” Chief Financial Officer Steven Voskuil said on the call. Hershey's stock ended Friday down 3.4%.

The price of cocoa has more than tripled over the past year, squeezing Hershey’s profits and pushing its share price down. It won’t last. Now is a golden opportunity to get in on the stock.

Hershey forecast 2024 net sales to increase between 2% and 3% year-on-year, compared with analysts’ estimates of growth of 3.4%, as per LSEG data. The data also sees the annual adjusted profit ...

Hershey's large cocoa purchase amid surging prices may hurt margins, with cocoa prices up 300% since 2023, risking further financial strain. Learn more on HSY stock here.