Reported about 14 hours ago
With Americans anticipating to spend $13 billion on Halloween amid rising candy prices, analysts discuss how companies like Hershey and Mondelez are adapting to the challenges posed by inflation. High cocoa costs and other ingredient price increases are pushing candy prices higher, impacting consumer spending, particularly among lower-income households. While Mondelez shows greater diversification and growth potential, Hershey faces more significant market limitations amid tough economic conditions.
Source: YAHOO