Falling food input prices bode well for producers with limited global exposure, including Dean Foods and Hershey, an analyst said.» Read More
WASHINGTON— In the ever-complicated debate over labeling of genetically modified foods, Agriculture Secretary Tom Vilsack offers this idea: Use your smartphone. Vilsack told members of Congress on Wednesday that consumers could just use their phones to scan special bar codes or other symbols on food packages in the grocery store. He has mentioned the idea...
China's chocolate sales will grow to $4.3 billion by 2019, up nearly 60 percent from 2014, driven by a growing urban population, a Hershey official said.
Do any stocks move around Valentine's Day? It may be a cliche, but chocolate sales are good news for chocolate giant Hershey's.
Love birds should brace themselves as Valentine's Day chocolate will cost more this year, the New York Times reports.
Feb 11- If you plunk down some big bucks for organic chocolate this Valentine's Day, your sweetie may or may not be impressed. Andy Ciordia, owner of The Secret Chocolatier in Charlotte, North Carolina, says consumers are most likely to notice that mass-produced chocolates using a cacao solution taste flatter than those made on a smaller scale and with natural...
For years, Hershey-owned Twizzlers have twisted the licorice market to its own desires. Now, Nestle wants a bite of that action.
Did you know the licorice business was a $300 million market? CNBC Jane Wells breaks down the reasons why Nestle wants a piece of that action.
NEW YORK, Jan 29- Hershey Co's announcement on Thursday that it will buy jerky maker Krave Pure Foods Inc reflects a growing appetite for healthy snacks in the United States, even those that were once considered gas station staples. According to Nielsen data released earlier this month, 30 percent of U.S. consumers specifically look for food that is high in...
U.S. stock index futures signaled a mostly higher open on Thursday ahead of a major day of earnings from Wall Street's biggest tech firms.
Some of the names on the move ahead of the open.
Jan 29- Chocolate maker Hershey Co reported a lower-than-expected quarterly revenue as demand for bakery and meat snacks hurt chocolate sales. Hershey's net income rose to $202.5 million, or 91 cents per share, in the fourth quarter ended Dec. 31, from $186.1 million, or 82 cents per share, a year earlier. Revenue rose 2.7 percent to $2.01 billion.
Angry British chocolate-lovers are angered by a lawsuit brought by Hershey’s, which bars the import of chocolates made in the U.K. by Cadbury.
Jan 27- Chocolate maker Hershey Co is in late-stage talks to acquire Krave, a maker of healthy beef, turkey and pork jerky snacks, according to people familiar with the matter. The deal is expected to value Sonoma, California- based Krave at between $200 million and $300 million, the people said this week. It sells to retailers that include Target Corp, Vitamin Shoppe...
Declines in dairy prices are cutting costs on cheesecake and chocolate bars, increasing profit margins and raising analyst ratings on related stocks.
“Mad Money” host Jim Cramer thinks you should open wide and take a big bite of this new offering
Hershey was both downgraded and upgraded this week. Jim Cramer takes a look at the bulls and the bears, to find one sweet deal.
The historic blizzard bearing down on the East Coast will likely be bullish for energy and public utility firms, if the past is any guide.
ZURICH, Jan 21- Swiss chocolate maker Barry Callebaut warned on Wednesday the strong Swiss franc could hit its results, after sales revenue rose 15.1 percent in the quarter to November helped by higher cocoa bean prices. Barry Callebaut said it conducted 99 percent of its business outside of Switzerland so had limited operational exposure to the surging franc,...
Copart has become the model for exceptional business performance in the United States, according to one metric.
As candy lovers around the world contribute to a global chocolate deficit, one chocolatier has a simple solution to the brewing crisis.