Your favorite candy just got pricier, and it’s not because of tariffs
A global cocoa shortage is pushing Hershey to raise prices across its portfolio—and it’s not just about inflation.
| Ticker |
HSY
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| CIK | 0000047111 |
| SIC | 2060 |
| Sector | Manufacturing |
| Industry Category | Food Products |
| Industry Group | Sugar And Confectionery Products |
| Address | 19 EAST CHOCOLATE AVENUE, EXTERNAL RPTG & COMPLIANCE, HERSHEY, PA, 17033 |
| Website | thehersheycompany.com |
| Phone | 7175344200 |
| CEO | Michele G. Buck |
| Employees | 19,900 |
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Standardized FinancialsdocsIntrinio provides professional-grade historical financial data. This data is standardized, cleansed and verified to ensure the highest quality data sourced directly from the XBRL financial statements. The primary purpose of standardized financials are to facilitate comparability across a single company’s fundamentals and across all companies fundamentals. For example, it is possible to compare total revenues between two companies as of a certain point in time, or within a single company across multiple time periods. This is not possible using the as reported financial statements because of the inherent complexity of reporting standards. Below is a preview of several data points from each financial statement, as well as a sample of our many calculated metrics: |
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Latest NewsdocsIntrinio provides up-to-date news articles on every US company from various sources. Here are several examples: |
Your favorite candy just got pricier, and it’s not because of tariffsA global cocoa shortage is pushing Hershey to raise prices across its portfolio—and it’s not just about inflation. Hershey to increase candy prices by double digits as cocoa costs riseHershey said the price hike is related to cost of cocoa, which has increased exponentially in recent years. Hershey and other chocolate makers hike prices as cocoa remains near record highsHere’s the good news: The Hershey Co. says it’s not raising prices for Halloween candy this year. Hershey, the maker of Reese’s, Whoppers, barkThins and other chocolate candies, said Wednesday that it will be raising U.S. retail prices later this fall. In some cases, pack sizes will get smaller; in others, list prices will rise. Hershey (HSY) Announces Kirk Tanner As New CEOThe announcement of Kirk Tanner as the new CEO of Hershey (HSY) could have influenced the company's recent stock price move of 12% over the last week. Tanner, who brings extensive experience from PepsiCo, is expected to lead the company into the next phase of growth. The broader market, reflected by the S&P 500, reached new highs due to optimism surrounding a U.S.-Japan trade deal and strong corporate earnings, which likely played a role in Hershey's share price increase. The company's ascent... Hershey to raise candy prices by double digits amid elevated cocoa costsThe Reese’s maker said the “unprecedented cost” of the commodity is impacting many of its top sweet brands. |