Higher prices boost Hershey 1Q results The candy maker said Tuesday its first-quarter profit rose 24 percent as higher prices and cost cutting helped offset higher ingredient costs. Last year Hershey, famous for its chocolate bars, Hershey's Kisses and Reese's peanut butter cups, raised prices by nearly 10 percent to offset rising prices for raw materials including sugar, fuel and packaging. "Hershey's strong start to the year is the result of our continued strategy of disciplined investment in core brands in both the U.S.
Similar Stories to Higher Prices Boost Hershey 1q Results on Bing News
Business Heds Index, Seattle Post-Intelligencer: Business
Tue, 04/24/2012 - 6:41am
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BING NEWS:
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Higher prices for chocolate fueled by the meteoric increase in the cost of cocoa apparently hasn’t put a dent in America’s sweet tooth evidenced by Hershey’s (NYSE:HSY) latest quarterly results. The ...
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Shares of Hershey Co. rallied 1.7% in premarket trading Friday, after the chocolate and salty snacks company reported first-quarter profit and sales that rose above expectations, amid strength in ...
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Hershey is set to report revenue growth for the first quarter. Could competition from MrBeast and rising cocoa prices hurt quarterly results?
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