JOURNAL ARTICLE

Hershey Trims Profit Guidance on Tariffs, Higher Cocoa Costs.

  • 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 focuses on Hershey Co.'s revised financial outlook due to rising cocoa prices and tariff costs. The Pennsylvania-based chocolate manufacturer has adjusted its full-year profit guidance, now expecting adjusted earnings per share to decline by 36% to 38%, influenced by anticipated tariff costs of $170 million to $180 million. Despite these challenges, Hershey projects a minimum 2% increase in net sales. Additionally, the company has announced a price increase for its candy products due to historically high cocoa costs, which have surged due to supply shortages in major producing countries. Hershey also appointed Kirk Tanner as its 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:187031594
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.