Reported 1 day ago
Hershey Co. has reported disappointing Halloween sales in the US attributed to warmer weather and delayed holiday shopping, but has adjusted its annual outlook upwards due to successful price hikes amidst higher cocoa costs. The company's CEO noted that while the season started slowly, they expect overall net sales to increase by 3%, benefiting from strategic price adjustments. Hershey continues to navigate consumer demand shifts and tariff impacts while addressing competition in the confectionery market.
Source: YAHOO