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The Latest Breaking News from Hershey

Cocoa Prices Plummet as Hershey Sees Chocolate Demand Weakening

September ICE NY cocoa (CCU24 ) today is down -530 (-6.55%), and September ICE London cocoa #7 (CAU24 ) is down -411 (-6.39%). Cocoa prices today are plummeting, with NY cocoa falling to a 3-week low and London cocoa dropping to a 4-week low. Global cocoa demand concerns are hammering...

Barchart

Lawsuit Filed Over Teen's Death In Spicy Chip Challenge

Lawsuit filed against Hershey, Walgreens, and Paqui after teen's death from spicy chip challenge. Challenge involves eating extremely hot chip without food...

Top News

Hershey Earnings Preview: What to Expect

Hershey is all set to announce its second-quarter results next month, and analysts forecast a double-digit decline in the company’s bottom-line figure.

Barchart

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Cocoa Prices Triple to $11,000 Per Tonne: Small Food Manufacturers Struggle with Rising Costs

Chocolate manufacturers are looking at new recipes as climate change and farmgate prices continue to increase price of cocoa beans.

International Business Times UK

Friendly’s and Hershey’s ice creams among nearly 70 products recalled over risk of listeria contamination

Recall impacted over a dozen brands but FDA says no illnesses yet reported from potential contamination

The Independent UK

3 Top Dividend Stocks to Consider as Cocoa Prices Pull Back

Cocoa prices are pulling back after a spike, presenting an opportunity to invest in chocolate stocks. With the market projected to grow 5.8% annually, the sector promises long-term growth.

Barchart

Pricier Easter bunnies and eggs. Half-dipped Kit Kats. What's up with chocolate?

The price of cocoa is on a wild historic ride: It topped the all-time record before Valentine's Day and almost doubled since then, in time for Easter. The culprit is the weather.

WEKU

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Reese's Easter eggs, Hershey's chocolate popular holiday candy despite high cocoa prices

The Easter Bunny is feeling the pinch of inflation with candy eggs and cocoa prices climbing.

Axios

Cocoa Prices Soar, Impacting Easter Candy Costs

Cocoa and sugar price hikes lead to increased costs for Easter baskets, impacting consumer spending and chocolate companies.

Top News

MrBeast chocolate is a playground craze all over again but this mum of three isn't opening her purse this time

The YouTuber claims he's found the formula for the best-tasting chocolate ever

GoodToKnow

Should You Buy the Dip in Hershey Stock as Cocoa Prices Surge?

Hershey Foods stock has crushed the broader markets over the last two decades. Here's why it might struggle to repeat that standout performance in 2024.

Barchart

Cocoa prices spiked to an all-time high right before Valentine's Day

Chocolate lovers won't see a sudden price spike for Valentine's Day — because the cost already has been rising for months. Extreme weather is largely to blame.

WEKU

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The Guardian - UK

Chocolate maker Hershey issues warning over record cocoa prices

US firm expects rising costs to hit profits and sales as consumers cut spending on treats

WEKU

Hershey sued for $5M over missing 'cute' face on Reese's Peanut Butter Pumpkins

The lawsuit claims the packaging shows "explicit carved out artistic designs" that the chocolate inside doesn't have.

Creative Bloq

Reese's packaging lawsuit sets the standard for ridiculous design disputes in 2024

People were left feeling tricked by their treats.

Barchart

End 2024 in Style. Buy These 3 Unusually Active Options to Hold Until 2025.

While it's unknown how the major indexes will perform in 2024, the past year that's nearly in the books has been good. Several long-duration options were unusually active on Thursday. Here are three to hold until 2025.

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Barchart

Hershey Hits 52-Week Low. 3 Ways to Bet on a Rebound in 2024.

Hershey was one of only seven U.S. stocks to hit a 52-week low on Monday. The chocolate and candy giant hasn’t traded this low since December 2021. Now is an excellent time to buy on the dip. Here are three ways to play it.

TechRadar

Thousands of victims hit in attack on chocolate maker Hershey

Important information, including payment data, was accessed for more than 2,000 Hershey customers.

The Guardian - UK

Choc horror: will Wonka turn the tide on sickly movie chocolate?

Hollywood can’t help making onscreen chocolate look disgusting. But can Paul King’s Charlie and the Chocolate Factory prequel raise the bar with a real-life chocolatier?

The Independent UK

Less boo for your buck: For the second Halloween in a row, US candy inflation hits double digits

For the second year in a row, U.S. shoppers are seeing double-digit inflation in the candy aisle

USA Today Sports Media Group

All 32 NFL teams as Halloween candy: 2023 edition

Some teams give you a delicious Halloween treat. Others are gross and stick to your mouth.

Fortune

Teenager who died after trying Paqui's 'One Chip Challenge' was following a social media promotion from a $1.6 billion Hershey unit

Paqui sells a chip dusted with the Carolina Reaper and Naga Viper peppers in a coffin-shaped box. "How long can you last before you spiral out?"

The Independent UK

Advocates sue federal government for failing to ban imports of cocoa harvested by children

Child welfare advocates have filed a federal lawsuit asking a judge to force the Biden administration to block imports of cocoa harvested by children in West Africa that ends up in America’s most popular chocolate desserts and candies

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