Hershey: High Cocoa Prices Hurt Earnings
This is a news story, published by Yahoo Finance, that relates primarily to Hershey news.
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HersheyThe Motley Fool
•1 Magnificent S&P 500 Dividend Stock Down 28% to Buy and Hold Forever
79% Informative
The Hershey Company ( NYSE : HSY) makes many of the candy brands you'll find in every convenience store.
Cocoa prices have nearly tripled since 2022 , making it more costly to make candy.
Hershey expects full-year earnings to be flat this year , and the weak outlook for growth has caused the stock to fall 28% from previous highs.
Despite a challenging year, Hershey generated $1.8 billion of net profit on $11 billion of revenue over the last four quarters .
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