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Earth's warming climate is proving challenging for chocolate makers and wineries as Valentine's Day favorites become more ...
Cocoa prices remain substantially elevated from prior years, more than doubling since the end of 2023. Chief Executive ...
Key Takeaways Hershey beat profit and sales estimates as the chocolate maker's price hikes helped to offset the higher cost ...
Shoppers buying chocolate in supermarkets are being warned to brace for higher prices due to climate change. Ghana and Ivory ...
The Oreo maker warned of “unprecedented” inflation for the commodity that would reduce its earnings, while the Kisses giant ...
The cost of cocoa reached a record high in December 2024, and the price keeps climbing. How is industry reacting and what ...
As cocoa prices continue to fluctuate on the higher end, cocoa powder and cocoa fat solutions may provide some relief for ...
The company is specifically focused on its chocolate business as it navigates cocoa cost inflation, Chief Executive Dirk Van ...
Hershey is expecting “significant pressure on earnings” in 2025 from stubbornly high cocoa costs but still envisages an acceleration in sales revenue. As cocoa prices hover near December’s ...
Tony’s Chocolonely CEO Douglas Lamont has warned that price increases should be expected for the company’s chocolate bars if ...
green up pointing triangle reported earnings missed that missed expectations and guided for a drop in 2025 adjusted earnings as it navigates rising cocoa costs. Shares fell 5% to $53.70 after the ...
Mondelez International Inc shares slumped in after-hours trading after the snack food company said “unprecedented cocoa cost ...
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