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Hershey said the price hike is related to cost of cocoa, which has increased exponentially in recent years.
The Hershey Company announced double-digit price increases on average for its candy products due to rising cocoa costs, adding the company is in discussions with its retail partners.
Hershey trimmed its outlook for the year to reflect its latest estimates for tariffs impact on its financial performance.
Hershey will soon raise its candy prices, according to multiple outlets, citing a jump in cocoa costs that have provoked the chocolate company to rethink its list prices and the quantities or ...
Hershey said it will be raising prices on its chocolate candy due to the cost of cocoa and supply issues.
The latest McDonald's McFlurry creation has only been launched in Latin America.
Hershey has told retailers it will be taking a double-digit price increase on average across its confection portfolio due to a surge in costs of cocoa, a company spokesperson said Tuesday.
Hershey warned that sky-high cocoa prices were squeezing profits and forcing price hikes. That, in turn, put pressure on volumes.