Higher Cocoa Prices Aren’t Melting Hershey Stock

Higher Cocoa Prices Aren’t Melting Hershey Stock After Earnings
The chocolate maker easily beats quarterly estimates but issues disappointing guidance because of higher cocoa prices.
Hershey forecasts lower-than-expected 2025 profit on higher cocoa prices
Hershey forecast annual profit below Wall Street estimates on Thursday as record cocoa prices weigh on the Kit Kat maker's margins. Packaged food companies including Hershey have had to raise prices to combat high raw material costs,
Hershey Earnings Beat Forecasts, but High Cocoa Prices Sour Outlook
Hershey's quarterly profit and sales beat analysts' expectations, but the candy maker warned that surging cocoa prices will hurt its financial performance this year. Chief Executive Michele Buck sai
Hershey Stock Rises as Higher Prices Help Firm Offset Soaring Cocoa Costs
Key Takeaways Hershey beat profit and sales estimates as the chocolate maker's price hikes helped to offset the higher cost of cocoa.The company also cut selling, marketing, and administrative expenses.
Mondelez forecasts steep drop in annual profit on soaring cocoa prices
Cadbury-parent Mondelez International forecast a bigger-than-estimated drop in its annual profit on Tuesday, signaling pressures from higher costs, including from surging cocoa prices, sending its shares down nearly 6% after the bell.
Hershey shares jump on earnings beat, outlook weighed by cocoa cost
Investing.com - Shares in Hershey Co (NYSE:HSY) jumped about 5% in early trading on Thursday after reporting fourth-quarter earnings on that surpassed analyst expectations, but warned of significant pressure on 2025 earnings due to surging cocoa prices.
Food5h
Is the key to the cocoa crisis a blend of cocoa powder and fat?
As cocoa prices continue to fluctuate on the higher end, cocoa powder and cocoa fat solutions may provide some relief for ...
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Cocoa prices hit record high: What does this mean for industry?
The cost of cocoa reached a record high in December 2024, and the price keeps climbing. How is industry reacting and what ...
Oasis Shaved Ice in Cocoa Beach, famous for a Harry Potter Butterbeer drink, to close
Popular shaved ice shop in Cocoa Beach is planning to close and after 18 years of community support, the owner is not sure ...
Oreo maker warns cocoa costs will drive down earnings per share 10%
Cocoa prices remain substantially elevated from prior years, more than doubling since the end of 2023. Chief Executive ...
Former Cocoa Beach police officer sentenced to seven years in prison
Former Cocoa Beach Police officer, Patrick Kelly, was sentenced to seven years in prison after he pleaded no-contest in court ...
Cocoa Beach gets speed limit reduction on A1A along with new crosswalk upgrades
FDOT crews this week will be implementing 10 in-roadway warning lights at the intersections of SR A1A 4th, 8th, 13th, 16th ...
'Koji flour' product can help reduce reliance on cocoa in popular foods
A collaboration between Abertay University and a food biotechnology company has led to the development of an innovative ...
Cocoa alumni to play in Super Bowl 59: Where to watch and eat
Here's a list of five places to cheer for your local hometown Cocoa alumni during the Super Bowl- from Rockledge to Palm Bay ...
Former Cocoa police officer sentenced to seven years in prison after armed standoff in Viera
Patrick Kelly, 42, was found guilty of domestic violence, kidnapping with a firearm and resisting arrest with violence.
Climate change puts African cocoa production under pressure
Climate change is having a significant impact on cocoa production in West and Central Africa, according to a study by ...