JOURNAL ARTICLE

Hershey Optimistic Cocoa Tariffs Will Be Lowered in Trade Talks.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Peterson, Kristina; Barkley, Micah 3 of 3

Abstract

The article discusses Hershey Co.'s lowered full-year profit guidance, primarily due to tariff costs associated with cocoa, which cannot be sourced domestically. CEO Michele Buck expressed optimism that the Trump administration may provide relief for such natural resources, while the company anticipates tariff costs between $170 million and $180 million. Hershey expects adjusted earnings per share to decline by 36% to 38%, although net sales are projected to increase by at least 2%. Additionally, the company has raised candy prices due to high cocoa costs, which have surged due to supply shortages in major producing countries. Kirk Tanner has been appointed as the new president and CEO, effective August 18. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/07, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:187031610
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