All articles tagged with #hershey
Hershey CEO Kirk Tanner said Ice Breakers mints and gum benefited from the growing adoption of GLP-1 drugs, with Ice Breakers sales rising over 8% in Q1 and overall quarterly revenue up more than 10%. While some GLP-1 users report halitosis, Ozempic breath is not an official side effect and dry mouth is a noted issue; the trend mirrors boosts in premium snacks at Lindt and Magnum as GLP-1 adoption reshapes snacking.
Brad Reese, the inventor's grandson, accuses Hershey of replacing milk chocolate with compound coatings and peanut butter with creme across Reese's products, threatening brand trust. Hershey says the changes are recipe adjustments to support innovations while preserving the core chocolate-and-peanut-butter balance. The dispute references new heart-shaped Minis, European variants, FDA labeling rules, and price pressures that influence formulations.
The grandson of Reese’s inventor accuses Hershey of cutting corners and harming the Reese’s brand, underscoring a clash over the iconic candy’s legacy amid corporate ownership.
The Philadelphia Flyers faced a tough preseason game against the Washington Capitals in Hershey, losing 5-1 with limited offensive success and several roster battles evident, including debut performances by goaltenders Vladar and Kolosov.
A U.S. District Court dismissed a lawsuit claiming Hershey's Reese's Halloween candies were deceptive because their packaging depicted spooky designs that were absent from the actual chocolates, ruling that the lack of design did not cause economic harm to consumers.
The article suggests that despite current challenges, well-managed consumer staples companies like PepsiCo, Clorox, Hershey, Hormel, and General Mills are good long-term dividend investments, as they tend to recover and grow over a five-year horizon, offering attractive yields and potential for appreciation.
Hershey is increasing the prices of its chocolate products by a 'lower double-digit' percentage due to soaring cocoa costs, which have risen significantly in 2024 driven by climate change impacts on cocoa-producing regions. The company also plans to implement 'shrinkflation' by reducing package sizes to manage costs without directly raising prices. Other chocolate makers like Lindt are also raising prices amid high cocoa prices.
Hershey, the largest chocolate maker in the US, announced a low double-digit price increase on its products due to a 73% rise in cocoa costs driven by a global shortage caused by unfavorable weather and lack of investment, with the change taking effect in the coming weeks.
Hershey will raise candy prices by low double digits due to rising cocoa costs driven by a global shortage caused by climate change and underinvestment, affecting products across its portfolio, with prices taking about 90 days to implement.
Hershey is raising the prices of its chocolate products by a 'lower double-digit' percentage due to soaring cocoa costs, which have increased significantly in 2024 because of poor harvests in cocoa-producing regions affected by climate change. The company also plans to implement 'shrinkflation' by reducing package sizes to manage costs without directly raising prices. Other chocolate companies like Lindt are also experiencing similar price hikes.
Hershey plans to implement a double-digit price increase across its confectionery products due to rising cocoa costs, which have been affected by supply issues in West Africa, although cocoa prices have recently fallen from record highs.
Kirk Tanner, former Wendy's CEO and ex-PepsiCo executive, has been appointed as the new CEO of Hershey, effective August 18, succeeding Michele Buck who is retiring. Wendy's has named CFO Ken Cook as interim CEO during the transition, while the company searches for a permanent replacement.
A biopic about Milton S. Hershey, directed by Mark Waters and starring Finn Wittrock and Alexandra Daddario, has wrapped filming in Pennsylvania after over seven weeks, depicting Hershey's life from the 1870s to 1910s and highlighting his contributions to community and education.
The UK's Food Standards Agency has warned the public against consuming certain Jolly Rancher candies due to the presence of harmful hydrocarbons (MOAH and MOSH) that pose health risks, including potential cancer. The products have been recalled in the UK, but some imports remain, and consumers are advised not to buy or eat them.
The UK Food Standards Agency has issued a warning that certain US-made Jolly Rancher candies contain chemical compounds (MOAH and MOSH) that could damage DNA and increase cancer risk, prompting a recall and urging consumers and businesses to stop selling or consuming these products, although the immediate health risk is low.