Hershey's large cocoa purchase amid surging prices may hurt margins, with cocoa prices up 300% since 2023, risking further financial strain. Operational challenges persist, with disappointing Q3 ...
It’s used in Oreos and other ultra-dark desserts. This is a type of Dutch-processed cocoa powder. It’s more processed (less acidic) than regular Dutch-processed powder, but not as much as ...
farmers begun replacing cocoa trees with more sustainable palm oil plants, further exacerbating supply issues for confectionary companies like Hershey (HSY) and Mondelez (MDLZ). “We are laser ...
Hershey's financial performance has come under pressure due to rising cocoa costs and volume weakness. Analysts have revised their earnings estimates downward for the coming years. Deutsche Bank ...
(Bloomberg) -- Cocoa futures surged, reversing losses from the prior session, on news that chocolate maker Hershey Co. is seeking permission for a large purchase through the New York exchange.
Hershey (HSY) is asking the Commodity Futures Trading Commission for permission to buy a sizeable amount of cocoa through the New York exchange after global shortages sent prices to a record ...
The decision by Hershey to hedge over 40% of its annual cocoa needs at a time when futures are near record highs was also pointed out as a potential indicator that the company does not view cocoa ...
The Hershey Company (NYSE:HSY), a leading North American chocolate and confectionery manufacturer with a market capitalization of $30.3 billion, faces significant challenges as it navigates rising ...