Hershey

Campbell Soup Beats Quarterly Estimates On Steady Demand For Quick Meals

Campbell Soup topped market expectations for quarterly sales and profit and stuck to its annual forecasts, helped by steady demand for branded ready-to-eat...

Ghana's 2023/24 Cocoa Output Seen Almost 40% Below Target, Sources Say

Ghana's cocoa output for the 2023/24 season is expected to be almost 40% below a target of 820,000 metric tonnes, two sources from the country's...

Shoppers' Spending Power In Focus As Walmart Kicks Off Retail Earnings Season

US retailer Walmart Inc is expected to strike a cautious tone for 2024 when it reports results on 20 February.

Kraft Heinz Projects Slower Annual Sales Growth On Tepid Demand

Kraft Heinz forecast slower annual core sales growth, after missing quarterly sales estimates, a sign that demand for its soups, sauces and meat cold...

Hershey And Cadbury Chocolate Makers Eye Price Hikes To Cover Cocoa Crunch

The makers of Hershey and Cadbury chocolates are planning more price hikes to cover a fresh record-setting surge in cocoa prices, even as inflation-hit con...

Hershey Forecasts 2024 Sales And Profit Below Estimates, Announces Job Cuts

Hershey has forecast full-year sales and profit below estimates and said it would cut jobs that will impact less than 5% of its workforce.

Cocoa Prices Soar To Record Highs As Traders Scramble For Supplies

World cocoa prices hit fresh record highs on Thursday (8 February) as traders continued to scramble for supplies, predicting ever wider deficits...

Campbell Soup Beats Quarterly Profit Estimates On Higher Prices

Campbell Soup surpassed Wall Street expectations for quarterly profit, benefiting from higher prices for its packaged meals and snacks that helped offset a...