Hershey CEO John P. Bilbrey discusses its buyback and the weather's impact on consumers. The buyback is part of our capital structure and positive for the company, he says. CNBC's Sara Eisen reports.» Read More
In May 2010, 16 of the biggest food and beverage companies, from Coca-Cola Co to Kraft Foods Group, pledged to remove 1 trillion calories from the U.S. marketplace by 2012 and 1.5 trillion by 2015, compared with a 2007 baseline. In fact, as of 2012 they sold 6.4 trillion fewer calories, found an analysis by researchers at the University of North Carolina at Chapel Hill.
An effort by food and beverage companies to remove calories from the products they sell in the U.S. has far exceeded its five-year goal.
In May 2010, 16 of the nation's biggest food and beverage companies, from Coca-Cola Co to Kraft Foods Group, pledged to remove 1 trillion calories from the U.S. marketplace by 2012 and 1.5 trillion by 2015, compared with a 2007 baseline.
The "Fast Money" traders share their final trades of the day.
Replacing a ton of cocoa has gone from $2,200 to $2,700, reports CNBC's Jane Wells.
"There is a lot more demand in the world for cocoa and chocolate," said Larry Graham, president of the National Confectioners Association.
Investors have made some nice profits on chocolate stocks and with growth in Asia exploding, the chocolate outlook is strong, this trader says.
Halloween candy sales are projected to top $2.3 billion, up 1 percent from last year.
Take a look at some of Thursday midday movers:
U.S. stock index futures signaled a higher open on Thursday, with markets still boosted by raised hopes the Federal Reserve will not start tapering off its asset purchases until next year.
The No. 1 candy producer in the United States said third-quarter net income was $233.0 million, or $1.03 per share, compared with $176.3 million, or 77 cents per share a year earlier. Sales rose 6.1 percent to $1.85 billion, from $1.75 billion in the third quarter of 2012. Analysts were expecting sales of $1.88 billion, according to Thomson Reuters I/B/E/S.
-Hershey Co reported higher quarterly earnings on Thursday because of strong candy sales across the United States. The chocolate company said net income was $233.0 million, or $1.03 per share, compared with $176.3 million, or 77 cents per share, a year earlier. Its sales rose 6.1 percent to $1.85 billion, from $1.75 billion in the third quarter of 2012..
With stocks near record highs, strategists are recommending investors focus on stock-picking select names and sectors, rather than the broader market.
It was a "Who's Who" of guests on "Squawk Box"—everybody from Buffett to Bowles, Tepper to Cooperman, and McCain to Corker. "Talking Squawk," the official show blog, covers them all.
The iconic American candymaker is also targeting global markets with new products.
*Cargill, ADM, Barry Callebaut buy more than half the world's cocoa. NEW YORK, Oct 9- This past summer, European authorities took just six weeks to approve Barry Callebaut's $950 million purchase of Petra Foods' cocoa business, a deal that created the world's largest cocoa company with a quarter of the $10 billion market.
Oct 4- Hershey Co, North America's biggest chocolate maker, said it would invest $250 million to build a manufacturing plant in Malaysia, its biggest investment in Asia.
Chocoholics face higher prices for their sweet treats as candy makers deal with higher prices for cocoa butter.
*Butter ratios at highest since 2008 in Asia, Europe, U.S. SINGAPORE/ NEW YORK, Sept 13- Chocoholics may have to dig deeper to pay for their favorite treat this festive season as sweet makers face sky-high prices for cocoa butter, the special ingredient that gives chocolate its melt-in-the-mouth texture.
Google, which is known for nick-naming its mobile operating systems after desserts, has for the first time chosen a brand-name candy for its 4.4 version that's expected to launch this fall.