Hershey Seeks CFTC Approval to Buy Huge New York Cocoa Pile
Jan 8, 2025 · (Bloomberg) — Hershey Co. is asking the US’s top derivatives regulator for permission to buy a huge amount of cocoa through the New York exchange after global shortages sent prices to a record...
Hershey seeking CFTC approval to buy more ICE cocoa than …
Jan 8, 2025 · Chocolate maker Hershey Co has requested permission from the Commodity Futures Trading Commission (CFTC) to buy an amount of cocoa from the stocks of ICE exchange that is much larger than the...
Cocoa Jumps as Market Weighs Hershey Ask for Huge Exchange …
Jan 9, 2025 · (Bloomberg) -- Cocoa futures surged, reversing losses from the prior session, on news that chocolate maker Hershey Co. is seeking permission for a large purchase through the New York exchange.
Hershey delivers senior management shake-up amid key cocoa …
Jan 15, 2025 · In the wake of Hershey CEO Michele Buck’s decision to step down from her post next year, the business has moved swiftly to make two senior appointments, with Andrew Archambault named as President of U.S. Confection, and Veronica Villasenor has been named President, salty snacks, reports Neill Barston.
Will the soaring price of cocoa turn chocolate into a luxury ... - CBS News
Apr 2, 2024 · The Hershey Co. expects record-high cocoa prices as well as higher sugar costs to crimp its earnings growth, and it expects to offset the pain in part by raising prices, the candy giant said in...
Hershey Reports Worst Profit Since 2017 As Cocoa Prices Turn ... - Forbes
Aug 1, 2024 · Hershey CFO Steven Voskuil said in a prerecorded call discussing results the company expects the effects of high cocoa prices to “more than offset net price realization and supply chain...
Hershey’s Cocoa Procurement Strategy: Balancing Risks and …
Jan 8, 2025 · Hershey seeks permission for large cocoa futures purchase, Bloomberg says; Hershey price target lowered to $172 from $190 at TD Cowen; Hershey price target lowered to $177 from $189 at...
Hershey Co. Faces Setbacks: CEO Transition, Earnings Reset, and Cocoa …
Jan 17, 2025 · Recent developments indicate a significant rise in cocoa inflation, which negatively impacts Hershey’s earnings per share estimates. ... The Hershey NewsMORE. Hershey price target lowered to ...
Hershey invests $500 million to address global cocoa farming
Oct 16, 2024 · HERSHEY, Pa. (WHTM) — Hershey announced a five-year agreement with nine cocoa-producing cooperatives based in Côte d’Ivoire on Wednesday as part of its “Cocoa For Good” strategy to address...
Hershey Results, Outlook Hurt by High Cocoa Prices and
Nov 7, 2024 · Hershey Co. (HSY) Thursday posted lower-than-estimated third-quarter results on soaring cocoa prices and weak consumer spending and also lowered its projections for sales and earnings for the...