Latest The Hershey Co News

It's a bittersweet Easter for chocolate lovers and African cocoa farmers but big brands see profits

Mar. 28, 2024 09:15 AM EDT

ACCRA, Ghana (AP) — Shoppers may get a bitter surprise in their Easter baskets this year. Chocolate eggs and bunnies are more expensive than ever as changing climate patterns eat into global cocoa supplies and the earnings of farmers in West Africa. About three-quarters of the...

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

Feb. 09, 2024 20:41 PM EST

Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs that are leading to higher prices for chocolate. Cocoa futures prices have doubled over the past year and hit an all-time high of $5,874 per metric ton on Friday. Bad weather in West...

Hershey: Q4 Earnings Snapshot

Feb. 08, 2024 07:03 AM EST

HERSHEY, Pa. (AP) — HERSHEY, Pa. (AP) — Hershey Co. (HSY) on Thursday reported fourth-quarter profit of $349 million. The Hershey, Pennsylvania-based company said it had profit of $1.70 per share. Earnings, adjusted for non-recurring costs and costs related to mergers and...