Hershey: Price Increases Won't Keep Up With Historically High Cocoa Costs
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Hershey anticipates that rising cocoa prices will outpace its price increases on chocolate products, leading to a contraction in its adjusted gross profit margin this year.
February 06, 2025 | 8:15 pm
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Hershey expects cocoa prices to rise faster than its price increases on chocolate products, leading to a contraction in its adjusted gross profit margin this year.
Hershey's announcement that cocoa prices will outpace its price increases suggests a negative impact on profit margins, which is likely to affect the stock price negatively in the short term.
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IMPORTANCE 80
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