Mars Chocolate North America said that it will raise its prices by 7 percent "to offset rising costs," its first increase in three years.» Read More
NEW YORK, July 24- Hershey Co, one of the world's best known names in chocolate, expects its first price hike in three years to crimp short term sales, but over the long haul the popularity of chocolate will prevail, the company's chief executive said on Thursday.
HERSHEY, Pa.— Hershey Co. on Thursday reported net income that rose by 5.4 percent in its second quarter. The Hershey, Pennsylvania- based company said net income increased to $168.2 million, or 75 cents per share, from $159.5 million, or 70 cents per share, in the same quarter a year ago.
NEW YORK, July 23- Mars Chocolate North America, the maker of M&M's and Snickers, said on Wednesday that it will raise its prices by an average of 7 percent "to offset rising costs," its first increase in three years.
NEW YORK, July 23- Mars Chocolate North America said on Wednesday that it will raise its prices by an average of 7 percent "to offset rising costs," marking its first increase in three years.
July 15- Hershey Co, the No. 1 candy producer in the United States, on Tuesday hiked its chocolate prices for the first time in three years, a sign that a year-long soaring cocoa market is eating into confectioners' profits.
July 15- Hershey Co, the No. 1 candy producer in the United States, said it would increase prices of its instant consumable, multi-pack, packaged candy and grocery lines by about 8 percent to tackle rising commodity costs.
HERSHEY, Pa.— Candy maker Hershey Co. says its 2014 profit will be around the low end of its earlier forecast, and it is raising prices as costs rise. The company said that it expects earnings, excluding one-time items, of $4.05 to $4.13 per share, at the low end of its previous forecast.
July 15- Hershey Co, the No. 1 candy producer in the United States, said it would increase prices of its instant consumable, multi-pack, packaged candy and grocery lines by 8 percent to tackle rising commodity costs.
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KUALA LUMPUR, June 16- The storm of bad publicity that hit confectioner Cadbury in Malaysia after its chocolates tested positive for traces of pork highlights the costly, religious minefield food companies must navigate as they rush to tap the surging $1 trillion global halal market.
If China's consumers slow their retail purchases, U.S. companies with Chinese market ties may take hits to sales.
ZURICH/ LONDON, June 8- Nestle's chief executive, who oversees a sprawling empire stretching from baby food to wrinkle treatment, admits to finding one of its oldest businesses, chocolate, a source of frustration.
Swiss food group Nestle stepped up its drive into the fast-growing skincare market on Wednesday.
This chocolate company is investing in tech to drive productivity and innovation. It even has a futurist on staff. Up next: 3-D manufacturing.
Hershey futurist Lina Yang explains how the chocolate giant is using the land of start-ups to stay ahead of industry disruption.
Hershey is battling to buy chocolate company Russell Stover, in a move that could become its biggest acquisition to date, WSJ reported.
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Minneapolis- based Cargill had been in late-stage talks to buy the business, which spans bean pressing in Abidjan in Ivory Coast to fine chocolate making in Belgium. The combined company would have been big enough to rival Swiss chocolate maker Barry Callebaut, the world's largest industrial chocolate producer.