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Cocoa, Hershey
Hershey Stock Rises as Higher Prices Help Firm Offset Soaring Cocoa Costs
Key Takeaways Hershey beat profit and sales estimates as the chocolate maker's price hikes helped to offset the higher cost of cocoa.The company also cut selling, marketing, and administrative expenses.
Mondelēz, Hershey pressured by a prolonged spike in cocoa prices
The Oreo maker warned of “unprecedented” inflation for the commodity that would reduce its earnings, while the Kisses giant cautioned of a disconnect between fundamentals and market price.
Mondelez forecasts steep drop in annual profit on soaring cocoa prices
Cadbury-parent Mondelez International forecast a bigger-than-estimated drop in its annual profit on Tuesday, signaling pressures from higher costs, including from surging cocoa prices, sending its shares down nearly 6% after the bell.
Hershey Earnings Beat Forecasts, but High Cocoa Prices Sour Outlook
Hershey's quarterly profit and sales beat analysts' expectations, but the candy maker warned that surging cocoa prices will hurt its financial performance this year. Chief Executive Michele Buck sai
Higher Cocoa Prices Aren’t Melting Hershey Stock After Earnings
The chocolate maker easily beats quarterly estimates but issues disappointing guidance because of higher cocoa prices.
Hershey forecasts lower-than-expected 2025 profit on higher cocoa prices
Hershey forecast annual profit below Wall Street estimates on Thursday as record cocoa prices weigh on the Kit Kat maker's margins.
Hershey shares jump on earnings beat, outlook weighed by cocoa cost
Investing.com - Shares in Hershey Co (NYSE:HSY) jumped about 5% in early trading on Thursday after reporting fourth-quarter earnings on that surpassed analyst expectations, but warned of significant pressure on 2025 earnings due to surging cocoa prices.
1d
Oreo maker warns cocoa costs will drive down earnings per share 10%
Cocoa prices remain substantially elevated from prior years, more than doubling since the end of 2023. Chief Executive ...
FoodNavigator
21h
Cocoa prices hit record high: What does this mean for industry?
The cost of cocoa reached a record high in December 2024, and the price keeps climbing. How is industry reacting and what ...
Food
22h
Is the key to the cocoa crisis a blend of cocoa powder and fat?
As cocoa prices continue to fluctuate on the higher end, cocoa powder and cocoa fat solutions may provide some relief for ...
2d
on MSN
Mondelez International Expects 2025 Earnings to Drop Amid Soaring Cocoa Costs
The company is specifically focused on its chocolate business as it navigates cocoa cost inflation, Chief Executive Dirk Van ...
Confectionery News
6d
How brands are tackling cocoa shortages, shrinkflation, and pricing pressures
Soaring cocoa prices and the cost-of-living crisis are pushing confectioners to rethink pricing, pack sizes, and innovation.
1h
on MSN
Britannia kicks off another round of price hikes
Britannia raised prices by 2% in the December quarter and expects a cumulative price hike of 6-6.5% until the June quarter of ...
Crain's Chicago Business
4d
Your bakery order is about to become more expensive
Chicago's bakers are readying to raise prices as one of their most frequently used ingredients becomes increasingly expensive ...
21h
on MSN
Hershey anticipates balanced growth in 2026 with strategic pricing and innovation
Management expressed optimism for balanced growth in 2026. CFO Steve Voskuil stated that despite potential difficulties in implementing pricing, efforts to manage cocoa costs through productivity ...
1d
Oreo maker warns cocoa costs will drive down earnings
Mondelez International Inc shares slumped in after-hours trading after the snack food company said “unprecedented cocoa cost ...
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