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...“Historic cocoa prices are expected to limit earnings growth this year,” said Michele Buck, chief executive of Hershey in the company’s earnings statement on Thursday....
...Hershey — like Pepsi and Keurig Dr Pepper — says it has felt no ill effects from an increase in weight-loss drug use. One reason: many insurance companies do not cover prescriptions for the drugs....
...Executives presenting at CAGNY emphasised this with companies including Hershey, Mondelez and Conagra Brands saying they would use “price pack architecture” — a range of package sizes — to serve consumers...
...It is now Europe’s most valuable company, having made its owner the world’s biggest charitable foundation....
...Hershey warned in February that cocoa prices would limit earnings growth this year, as it reported a 6.6 per cent drop in sales in the fourth quarter of 2023. Additional reporting by Laurence Fletcher...
...Tobacco group Altria, media conglomerate Comcast, cruise company Royal Caribbean and chocolate-maker Hershey reported third-quarter earnings on Thursday....
...The rise was chiefly driven by American bosses but, like a Hershey’s chocolate bar, the horror has crossed the Atlantic....
...Investors have soured on some confectioners, including US chocolate maker Hershey, which has struggled to offset its soaring costs....
...Companies that focus their marketing around sustainable sourcing have grown rapidly....
...Fast-food chain McDonald's followed with 5.7 per cent, and candy maker Hershey’s accounted for 4.2 per cent....
...This year the oil company decided it had had enough. 4....
...Hershey’s has also announced its plan to trim 5 per cent of its staff, after reporting a drop in year-on-year profits of 11.5 per cent during the fourth quarter of 2023....
...Shares of several food producers, including Jif peanut butter maker JM Smucker, Healthy Choice meals maker Conagra and chocolate company Hershey, were dragged down more than 3 per cent by General Mills after...
...Other earnings: Aerospace and defence contractor Northrop Grumman, payments processor Mastercard, pharmaceutical company Bristol-Myers Squib, confectioner Hershey, cruise line Royal Caribbean, industrials...
...Media company Comcast and food group Hershey were among others that launched new issuances on Monday....
...The social media company also outlined new areas of investment for the year ahead. 2....
...Analysts at Morgan Stanley said snack food manufacturers such as Hershey’s, Cadbury-maker Mondelez and Twinkies-maker Hostess were more likely to see negative impacts, increasing the pressure on them to...
...Cadbury maker Mondelez and Hershey have both raised their profit forecasts for the year....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week. Monday China: Chung Yeung Festival....
...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”....
...Let’s buy two nice, safe, very high-quality companies, which we did in Domino’s and Hershey’s. Ethan WuNestlé. Robert ArmstrongOh, I’m sorry. I was thinking American chocolate....
...The company reported net income of $315mn, below analysts’ expected $346mn....
...More earnings: Aerospace and defence contractor Northrop Grumman, payments processor Mastercard, pharmaceutical company Bristol-Myers Squib, confectioner Hershey, cruise line Royal Caribbean, industrials...
...The moves in Treasuries also came as companies with high credit quality including Meta, Comcast and Hershey tapped the debt market....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
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