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
It's time to step back from the madness and understand a basic tenet of the markets: Just because something negative happens somewhere, it doesn't mean the sky is falling. In fact, it could be good news for you. Here's why...
The largest U.S. chocolate maker said it would cut about 11% of its workforce and reduce the number of production lines it operates by more than a third as it spends as much as $575 million to overhaul its manufacturing. Hershey also said it will build a new, cost-efficient manufacturing plant in Monterrey, Mexico.
Americans will spend almost $17 billion to celebrate Valentine's Day, on flowers, cards, jewelry and more. Some businesses, such as Godiva Chocolatier, are institutions in the Valentine’s market. In a CNBC.com video interview, President Jim Goldman talks about why chocolate continues to be a perennial favorite.
U.S. candy and snacks group Hershey and South Korea's Lotte Confectionery will set up an $80 million joint venture to make chocolate in China, aiming to boost share in a market dominated by Mars.
Chocolate maker Hershey Wednesday posted lower quarterly profit as it tries to change its focus to new product lines instead of variations on old products.
Hershey shares fell after analysts downgraded the stock and the confectioner lowered earnings guidance for this year and next.
Prudential Equity cut its rating on candy maker Hershey to "underweight" from "neutral weight" on Friday, saying a salmonella issue in Canada could hurt the company's fourth-quarter trends.