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

Chocolate Makers' Prospects Sour As Cocoa Prices Spike

Chocolate makers like Hershey and Mondelēz face tougher trading conditions over the next year as they attempt to pass on soaring cocoa costs to cash-strapp...

Kellogg Lifts Annual Profit Outlook On Higher Prices

Kellogg Co forecast a smaller drop in annual profit than it had previously expected, as multiple price hikes for its breakfast snacks and cereals...

Hershey Sweetens Annual Profit Forecast On Higher Prices

Hershey raised its full-year adjusted profit forecast, bolstered by price increases for the Reese's peanut-butter cups maker's chocolates and candy.

Ivory Coast Halts Cocoa Forward Sales As Rains Hit Production

Ivory Coast has stopped selling contracts for cocoa exports for the 2023-2024 season after heavy rains battered and flooded farms in the world's top cocoa-...

J.M. Smucker Sees Smaller Decline In Annual Sales On Higher Prices, Steady Demand

Jif peanut butter maker J M Smucker forecast a smaller-than-expected decline in annual revenue on Tuesday, betting on higher prices and steady demand for i...

Hershey Anticipating Strong Full-Year Revenue

Confectionery giant Hershey expects annual revenue and profit at the upper end of its previous forecast, on the back of higher prices as well as resilient...

Mondelēz Lifts Forecasts On Price Hikes, Firm Demand

Mondelez International Inc raised its annual forecasts on steady demand for its chocolates and biscuits despite price hikes.

In Africa's Fields, A Plan To Pay Fair Wages For Chocolate Withers

A flagship programme launched in 2019 that promised a living wage to growers in top cocoa producers Ivory Coast and Ghana has left many worse off, data and...