Hershey Co.'s stock dips as high cocoa prices eat into profit
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Hershey Co.'s stock has declined due to high cocoa prices impacting its profits. The company's adjusted earnings fell short of analyst expectations.
November 07, 2024 | 1:15 pm
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Hershey Co.'s stock has declined as high cocoa prices have negatively impacted its profits, causing adjusted earnings to miss analyst estimates.
The decline in Hershey's stock is directly linked to the impact of high cocoa prices on its profitability, which led to adjusted earnings missing analyst expectations. This is a significant factor for investors as it affects the company's financial performance.
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