Can Hershey hold on to share gains as capacity constrains bump against increased demand?

“We have gotten off to a tremendous start to the year with reported sales growth of 16% and adjusted EPS growth of almost 32% in Q1”​ thanks in part to resilient consumer demand despite mid- to high-single-digit price increase across the portfolio and a “Strategic focus on enhancing our offerings and price points to ensure … Read more

Cocoa grindings from regional associations for first quarter show rising demand

Demand for cocoa in the first quarter of 2021-22 has been stronger than expected, according to the ICCO Cocoa Market Report for 2022, thanks to progress in COVID-19 vaccinations and crop opening up again. Cocoa grindings data published by the main regional cocoa associations for the first quarter showed an increase in year-on-year quarterly grindings … Read more

Consumer demand for sustainably sourced products sees Fairtrade sales boom

Fairtrade said demand is also translating into sales, with the Co-op’s ‘Ethical Markets Report 2021’ noting that the UK ‘green pound’ has reached record levels, breaking through the £100bn mark for the first time. The organization’s own figures set out in its latest annual report show sales of Fairtrade cocoa grew by 3% and were … Read more

Self-care, pandemic-strain fuel surge in Valentine’s Day chocolate sales as licensing deals reinforce year-long demand

Leading the charts will be chocolate, which two-thirds of Americans typically eat on Feb. 14, followed by 50% who eat cake or cupcakes on the holiday, 48% who report typically eating candy hearts, and 44% who favor gummies, according to research conducted by OnePoll for Sugarbreak, a BCrop focused on reducing sugar consumption. Within chocolate, … Read more

Hershey beats profits forecast after raising prices and strong holiday demand

The confectionery giant said in its Full-Year 2021 Financial Results it expects an annual adjusted profit of between $7.84 and $7.98 per share, compared with estimates of $7.57 per share. Net sales rose to $2.33bn in the quarter ended 31 December, from $2.19bm a year earlier, compared with estimates of $2.27bn, according to Reuters’ data. … Read more