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Fresh perspective might be just what the doctor ordered - in this case the board of Hershey bringing in a new CEO in Kirk Tanner.
As of this year, cocoa prices have increased to an average of $3,500 per metric ton, which is a total of a 15 to 20 percent increase compared to prior years.
Hershey said it is working to get cocoa exempted from tariffs, which are adding to pressure for the candy giant on top of high prices for its key ingredient. The Pennsylvania chocolatier said ...
Hershey expects a second-quarter impact from tariffs of $15-20m as the chocolate and salty snacks maker seeks a levy “exemption” on cocoa.
Hershey now expects 2025 earnings to deteriorate, reflecting higher sourcing prices for cocoa. Learn why HSY stock is a Hold.
As cocoa prices continue to fluctuate on the higher end, cocoa powder and cocoa fat solutions may provide some relief for companies.
Cocoa prices are sky-high thanks to some unique dynamics in the cocoa market. Here's why cocoa prices are a near-term issue, but are highly unlikely to derail Hershey over the long term.
Hershey (NYSE: HSY) is struggling today. Cocoa prices are sky-high thanks to some unique dynamics in the cocoa market. Here's why cocoa prices are a near-term issue, but are highly unlikely to ...
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 ...
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