The Oreo maker warned of “unprecedented” inflation for the commodity that would reduce its earnings, while the Kisses giant ...
Watch: Why cocoa prices surged and what that means for the cost of chocolate Hershey's stock fell 1% on Friday. Lavery is betting more than other analysts that the cocoa price impact will eat into ...
Hershey (NYSE: HSY) is struggling today. One of the biggest problems is inflation, but not the kind that consumers dealt with coming out of the coronavirus pandemic. Cocoa prices are sky-high ...
To mitigate the potential impact from a persistent shortage of supply, Hershey ... The impact on cocoa crops was exacerbated by swollen shoot virus, a fast-moving disease spread by insects ...
Initially, concerns were raised when Hershey sought permission from the Commodity Futures Trading Commission to purchase a significant amount of cocoa ... of the largest chocolate manufacturers ...
This is after the spread of disease and ... face higher cocoa costs this year. Cocoa is in such scarce supply that Hershey, one of the largest US chocolate makers, is petitioning for the rare ...
Hershey's large cocoa purchase amid surging prices may hurt ... The Hershey Co. is based in Pennsylvania and is one of the largest chocolate manufacturers in the world. The company is famous ...
Cocoa futures surged, reversing losses from the prior session, on news that chocolate maker Hershey is seeking permission for a large purchase through the New York exchange. The most-active ...
Hershey's chocolate business is dealing with historically high cocoa prices. The company is doing the things it needs to do to adjust, including raising prices. Although Wall Street is worried ...
Hershey Co.’s stock fell Friday, as Piper Sandler cut its rating on the chocolatier to underweight from neutral on Friday, as cocoa prices are expected to stay high. Piper Sandler Analyst ...