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Record cocoa prices heading into Valentine s Day proves to be a headache for sweets king Hershey

Record cocoa prices heading into Valentine s Day proves to be a headache for sweets king Hershey
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Steven voskuilThomas palmerHershey coPennsylvania based hersheyWest africaFinancial officer steven voskuil

Hershey announces job cuts after high cocoa costs hurt candy sales

Hersey announced plans to implement a round of layoffs after reporting that inflation-ridden cocoa sent its candy prices higher and deterred consumers.

United statesArun sundaramJerome powellBilly robertsFederal reserveBureau of labor statisticsPeanut butter cups makerPennsylvania based hersheyChair michele buckFood engineering magazineWest africanFood engineering magzineConsumer price indexLabor statisticsChair jerome powellWall street

Not a treat: Candy prices up 21% over last year heading into Halloween

Consumers stocking up on Halloween candy for trick-or-treaters might want to consider chocolate if they don't want to take a bigger chunk out of their wallets this year.

United statesBen reichNational retail federationHershey coOctober grocery priceNestle crunchPennsylvania based hersheySwitzerland based nestleB business financeB datasemblyB halloween

Candy industry warns of Halloween shortages, inflation amid soaring demand

The candy industry is warning that chocoholics will pay more for their Snickers, Kit Kats and Hershey bars this Halloween as supply chain shortages lag behind a growing appetite for sweets that started during the pandemic.

United statesMars wrigleyCharlesn steeleAshleigh pollartPeterc earleLauren otoole bolandNational confectioners associationAmerican institute for economic researchInternational monetary fundHillsdale collegeHershey coInformation resources incKit katsPennsylvania based hersheySwitzerland based nestleNestle crunch

Candy industry warns of Halloween shortages, inflation amid soaring demand

The candy industry is warning that chocoholics will pay more for their Snickers, Kit Kats and Hershey bars this Halloween as supply chain shortages lag behind a growing appetite for sweets that started during the pandemic.

United statesMars wrigleyCharlesn steeleAshleigh pollartPeterc earleLauren otoole bolandNational confectioners associationAmerican institute for economic researchInternational monetary fundHillsdale collegeHershey coInformation resources incKit katsPennsylvania based hersheySwitzerland based nestleNestle crunch

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