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 ...

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 ...

Cocoa found support last week when chocolate maker Hershey Co. said it sought CFTC approval to buy a large amount of cocoa through the ICE Futures Exchange due to tight global supplies.

The rumours of its demise were not greatly exaggerated. Hershey Canada has confirmed with CityNews that it is discontinuing its Cherry Blossom candy. While the company did not provide a reason, it did ...

The most significant challenge facing Hershey is the persistent rise in cocoa prices. Cocoa futures have reached multi-year highs, driven by supply constraints due to factors such as disease affecting ...

On Wednesday, Citi analyst Thomas Palmer reiterated a Sell rating on Hershey stock with a price target of $159.00. With shares trading near $155, down over 16% in the past six months according to ...

Yet it hasn't been business as usual for Hershey lately. Soaring prices for cocoa, the main ingredient in chocolate, are a factor, and consumer spending trends haven't been favorable. The company ...

This inflationary pressure on cocoa is likely to impact Hershey’s earnings adversely, as it forms a substantial part of their cost of goods sold. Furthermore, Palmer highlights that the company ...