Hints and tips:
...Hershey: The chocolate company beat expectations thanks to higher prices for its confectionery and salty snacks segments. Still, volumes declined 0.1 per cent for candy and chocolates....
...It also filled a hole in the family-owned US confectionery giant’s brand mix....
...“The advantage of cocoa and confectionery is it’s a very resilient market,” said Bruno Monteyne, analyst at Bernstein. “People keep eating chocolate.”...
...But in a confectionery market such as Kenya, where current chocolate consumption is around 200g, it is one thing to hit Mars’ desired goal of bringing that level up to 500g, but much more challenging to...
...Steve Voskuil, chief financial officer at the chocolate company Hershey, recently told analysts that prices of cocoa and sugar were “moving in the wrong direction”....
...Investors value Hershey more as a typical packaged food company and less like a chocolate company. Compared to other US packaged food companies, Hershey may have an edge when it comes to input costs....
...It trades at just 26 times forward earnings, a steep discount to Swiss chocolate maker Lindt and British chocolatier Hotel Chocolat....
...The accusations by the two countries, which account for more than 60 per cent of global cocoa production, mark an escalation of a tussle between nations that grow the key chocolate ingredient and the confectionery...
...By some estimates, they make just 6 per cent of the sale price of a bar of the confectionery....
...In letters circulated in the industry, the Ivorian Conseil du Café-Cacao and the Ghana Cocoa Board this month accused the chocolate producers of trying to avoid the LID after US group Hershey took the rare...
...Grit in the oyster After announcing its “Cocoa for Good” sustainability programme in 2018, US chocolate maker Hershey’s has come under fire (along with other confectionery companies) for allegedly dodging...
...Mondelez, the confectionery and snack group spun off from Kraft Foods, which owns Cadbury chocolate and Oreo cookies, is a convert to the trend....
...Mexico gave the world chocolate but US companies Mars and Hershey’s are among the country’s top confectionery sellers....
...As long ago as 2001, chocolate makers, including Mars, Nestlé and Hershey, signed an agreement to eliminate child labour from their supply chains in Ghana and Ivory Coast where the problem is most acute....
...In the US confectionery market, Nestlé has faced fierce competition from Mars, Hershey and Lindt. Mondelez, the company behind Oreo biscuits and Cadbury chocolate, is also expanding....
...A few years ago, I had a chance to visit that centre of chocolate worship: the town of Hershey, in deepest Pennsylvania, where the famous confectionery company was started and has its headquarters....
..., and its US rival Hershey....
...UBS forecasts that chocolate sales in the developed world, which makes up two-thirds of the market, will slow in 2018, from long-term annual growth of 2 to 3 per cent a year....
...Italy’s Ferrero is on the verge of formalising a $2.8bn deal to acquire Nestlé’s US confectionery business, which includes brands such as Butterfinger, Nerds, Laffy Taffy and Crunch chocolate bars....
...Hershey and Mars dominate US chocolate with a 58 per cent share of the market....
...It’s crunch time for KitKat maker Nestlé which on Tuesday finally announced it had sold its US confectionery business for $2.8bn to Italy’s Ferrero in an auction that had included Hershey, the biggest chocolate...
...Hershey last year rejected a takeover by rival Mondelez that would have created the world’s largest confectionery group....
...Among global chocolate brands, KitKat ranks sixth by retail value after Cadbury, Kinder, M&M’s, Hershey’s and Snickers, according to Euromonitor....
...This Night of Hope took place at the Giant Centre in Hershey, Pennsylvania — the home of American chocolate. The sermon he was about to give turned out to be as candied as anything the town produces....
...Hershey....
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