Halloween candy aisles see shift amid sky-high cocoa prices [FOX Business Network]
The Hershey Company (HSY)
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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
Earnings
- 11/7/24 - Miss
HSY
Sec Filings
- 11/18/24 - Form 144
- 11/13/24 - Form SC
- 11/12/24 - Form SC
- HSY's page on the SEC website