Halloween candy aisles see shift amid sky-high cocoa prices [FOX Business Network]
The Hershey Company (HSY)
Last the hershey company earnings: 4/23 07:00 am
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Source: FOX Business Network
Trick-or-treaters can expect to see a trend this Halloween that might be scary to some: fewer chocolate candies in their bags than in years past. A shortage of cocoa beans over the past year has sent prices for the key ingredient for chocolate soaring, leading candy companies and consumers alike to lean toward non-chocolate treats. U.S. confectionery companies are stocking store shelves with fewer Halloween chocolates and doubling down instead on cheaper gummies and licorice such as Mondelez's Sour Patch Kids and Hershey's Twizzlers ghosts, according to market research firm Circana. Ticker Security Last Change Change % MDLZ HSY THE HERSHEY CO. Powered By "Chocolate candy, there's just not as many items per retailer on shelf," said Dan Sadler, principal of client insights at Circana, who focuses on confection. "We're seeing double-digit increases in non-chocolate items." Cocoa prices are up 88% from a year ago according to Trending Economics data, after hitti
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HSY
News
- The Hershey Company (NYSE: HSY) had its price target lowered by analysts at Jefferies Financial Group Inc. from $163.00 to $161.00. They now have an "underperform" rating on the stock.MarketBeat
- The Hershey Company Wants to Give Your Breakfast Smoothie a Flavor Boost With 3 Candy-Inspired Protein Powders [Yahoo! Finance]Yahoo! Finance
- The Hershey Company (NYSE: HSY) had its price target lowered by analysts at Stifel Nicolaus from $195.00 to $180.00. They now have a "hold" rating on the stock.MarketBeat
- The Hershey Company (NYSE: HSY) had its price target lowered by analysts at Piper Sandler from $179.00 to $165.00. They now have a "neutral" rating on the stock.MarketBeat
- The Hershey Company (NYSE: HSY) is now covered by analysts at Redburn Atlantic. They set a "sell" rating and a $165.00 price target on the stock.MarketBeat
HSY
Earnings
- 8/1/24 - Miss
HSY
Sec Filings
- 10/22/24 - Form 4
- 10/22/24 - Form SC
- 10/21/24 - Form 144
- HSY's page on the SEC website