Hershey: latest news, analysis and trading updates | ESM Magazine

US Candy Companies Sideline Pricey Halloween Chocolates For Gummies, Licorice, Flavoured Crèmes

Trick-or-treaters hoping to collect handfuls of chocolate candy this Halloween might be facing a bit of a letdown.

Mars To Acquire Kellanova In Mega $36bn Deal

Mars said it would buy Kellanova in a nearly $36 billion (€32.7 billion) deal, making it the biggest buyout in the packaged food industry.

Hershey Trims Annual Forecasts As Higher Prices Dent Demand

Hershey cut its annual profit and sales forecasts and posted a near 17% drop in quarterly sales, highlighting cautious consumer spending for its candy and...

Kellanova Raises 2024 Forecasts On Stable Snacks Demand In North America

Kellanova raised its annual organic sales and profit forecasts as consumers opted for its breakfast cereals and ready-to-eat snacks such as Pringles despit...

Traders Face $1bn Loss On Faltering Ghana Cocoa Supply, Sources Say

Trading houses face losses of at least $1 billion on cocoa derivatives after major producer Ghana failed to deliver beans this year, forcing trad...

Hershey Tops First-Quarter Estimates On Higher Pricing

Hershey exceeded Wall Street expectations for first-quarter sales and profit, benefiting from higher prices and steady consumer demand for its chocolates a...

How Food Companies Like Coca-Cola, Kraft-Heinz Are Targeting Low-Income Americans

Americans relying on government benefits to buy food and other essentials are slashing spending, prompting food makers like Kraft-Heinz and Conagra Brands...

Hershey, Mondelēz Bet Big On Easter As Cocoa Price Crisis Looms

Hershey, Mondelēz and other confectionery firms are employing promotions and pitching more non-chocolate Easter treats like cookies 'n' cream bunnies at a...