Hershey' had a $460 million gain in 2024 from cocoa price derivatives, over half of which was recorded in Q4. While the hedge elevated Hershey's GAAP earnings very well in 2024 through mark-to ...

Prices have already broken record after record, prompting Hershey’s chief financial officer Steve Voskuil to warn that the company would face higher cocoa costs this year. Cocoa is in such ...

Tricia Brannigan, Hershey's vice president for procurement, told Reuters on Tuesday that high margin calls on ICE's cocoa futures market drove commercial players away, reducing open interest and ...

This is all good news, if one is to assume that the negative impact on Hershey's earnings will be limited to only one year. Even though cocoa prices will stabilize at some point, this seems as a ...

With the industry and Hershey's dependence on West African countries for cocoa (areas known to utilize child labor), Hershey is also exposed to human rights issues within its supply chain that ...

Hershey Co.’s stock fell Friday, as Piper Sandler cut its rating on the chocolatier to underweight from neutral on Friday, as cocoa prices are expected to stay high. Piper Sandler Analyst ...

The crux of Hershey's current predicament lies in the volatile cocoa market. Futures prices for the key ingredient have surged to multi-year highs, creating a significant headwind for the company ...

For those unacquainted, this is the chocolate cake recipe you'll find on the back of the Hershey's cocoa powder box, and it's been a staple in American home kitchens for decades. Get the recipe ...

NEW YORK (Reuters) -Chocolate maker Hershey Co said the ICE New York cocoa futures market is currently disconnected from the reality of the global physical market due to exchange actions that have ...

Pennsylvania lawmakers have announced in a memo that they will introduce legislation giving the commonwealth its own official candy: the Hershey ... of dairy farms in the U.S., and is ranked ...

Concern about the Ivory Coast's upcoming mid-crop is limiting ... Demand concerns are weighing on cocoa prices. Executives from chocolate makers Hershey and Mondelez recently warned that high ...