JOURNAL ARTICLE

Hershey to raise candy prices by double digits amid elevated cocoa costs.

  • Published In: C-Store Dive, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Doering, Christopher 3 of 3

Abstract

The article focuses on Hershey's decision to implement double-digit price increases on its candy products due to high cocoa costs. Despite a slight easing in cocoa prices since December, they remain elevated, prompting Hershey and other companies, such as Lindt & Sprungli and Mondelēz International, to raise prices. Hershey's CEO indicated that the company has absorbed significant inflation costs but now needs to pass some onto consumers. Additionally, Hershey is diversifying its product offerings beyond chocolate to reduce reliance on cocoa, including recent acquisitions and new product launches in the snacking category. [Extracted from the article]

Additional Information

  • Source:C-Store Dive. 2025/07, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:187071766
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