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Higher Cocoa Prices Aren’t Melting Hershey Stock
Surge in Cocoa Prices Shows Why Hershey Bets on Derivatives
The American chocolatier records a $460 million pretax gain on commodity derivatives as cocoa futures hit record highs last year.
Mondelēz, Hershey pressured by a prolonged spike in cocoa prices
The Oreo maker warned of “unprecedented” inflation for the commodity that would reduce its earnings, while the Kisses giant cautioned of a disconnect between fundamentals and market price.
Higher Cocoa Prices Aren’t Melting Hershey Stock After Earnings
The chocolate maker easily beats quarterly estimates but issues disappointing guidance because of higher cocoa prices.
Confectionery News
16m
How Tony’s Chocolonely is scaling ethically amid cocoa market volatility
Tony’s Chocolonely’s latest FAIR Report reveals record revenue, halved cocoa’s climate impact, and doubled farm resilience.
FoodNavigator
19h
Cocoa prices hit record high: What does this mean for industry?
The cost of cocoa reached a record high in December 2024, and the price keeps climbing. How is industry reacting and what ...
2d
Mondelez forecasts steep drop in annual profit on soaring cocoa prices
Cadbury-parent Mondelez International forecast a bigger-than-estimated drop in its annual profit on Tuesday, signaling ...
Food
20h
Is the key to the cocoa crisis a blend of cocoa powder and fat?
As cocoa prices continue to fluctuate on the higher end, cocoa powder and cocoa fat solutions may provide some relief for ...
1d
Oreo maker warns cocoa costs will drive down earnings per share 10%
Cocoa prices remain substantially elevated from prior years, more than doubling since the end of 2023. Chief Executive ...
1d
on MSN
Oasis Shaved Ice in Cocoa Beach, famous for a Harry Potter Butterbeer drink, to close
Popular shaved ice shop in Cocoa Beach is planning to close and after 18 years of community support, the owner is not sure ...
1d
on MSN
'Koji flour' product can help reduce reliance on cocoa in popular foods
A collaboration between Abertay University and a food biotechnology company has led to the development of an innovative ...
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Hershey
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Patrick Kelly
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