While gifting used to play a big role in driving sales in China, everyday consumption of chocolate is now on the rise as well, says Philip Stanley, VP & GM, Greater China at Hershey's.» Read More
Companies including Chipotle Mexican Grill Inc, Apple Inc and PepsiCo have shown they're able to take advantage of quality, trendiness, and, in the case of Pepsi's snack foods, market dominance, to maintain high prices or even raise them faster than the inflation rate, now at about 2.1 percent in the U.S.
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.
Mars Chocolate North America said that it will raise its prices by 7 percent "to offset rising costs," its first increase in three years.
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.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.
The price increase is a sign that a year-long soaring cocoa market is eating into confectioners' profits.
Some of the names on the move ahead of the open.
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.
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.
As stocks creep ever higher and spark bubble rumors, one other bubble appears to be deflating: the gum bubble.
Pizza Hut will roll out nationally an almost-pizza-sized chocolate-chip cookie, cut into eight slices. USA Today reports.
Too many individuals approach tech stocks in a way that’s unlikely to generate profits, said Cramer. You aren't one of them, are you?
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.