Попередження На цьому сайті використовуються файли cookie щоб забезпечити найкращу взаємодію з користувачем. Якщо ви продовжите перегляд, ви погоджуєтеся отримувати cookie OK

The stakes are high for Hershey this Halloween weekend

today 10/28/2023
Customers are taking their time with Halloween shopping this year, which has led Hershey to rely on last-minute candy purchases to meet its goals. The stakes are high as cocoa prices have been soaring and regular chocolate sales have been slowing. Hershey's CEO, Michele Buck, stated that consumers have returned to purchasing candy closer to Halloween after concerns about supply chain and availability prompted earlier purchases last year. While it's still uncertain how this year's sales will turn out, early indications suggest that sales have been lagging behind last year's performance. However, Hershey is well-prepared with full shelves and no supply issues. The holiday season is crucial for candy brands, with Halloween accounting for a significant portion of Hershey's annual business. Hershey's regular chocolate sales have been struggling, which adds pressure on Halloween items. The company's North America Confectionery segment saw growth in net sales, but volumes declined, indicating that people are spending more but buying less. Factors such as higher interest rates, the return of student loan repayments, and reduced financial assistance have made consumers more price-sensitive. To cater to these consumers, Hershey has been focusing on selling at dollar stores and discount outlets, exploring options like selling smaller sizes at lower prices. Overall, US candy sales have been growing, but unit sales have fallen. Cocoa prices have been soaring due to strong demand and poor yields, which may pose challenges for companies like Hershey in holding prices steady.
Залишайтеся на зв'язку
Підпишіться на нашу розсилку та отримуйте інформацію про вихід нових статей, інформацію про ексклюзивні знижки та інше
Або підпишіться на наш Telegram, щоб завжди бути в курсі наших новин.

Недавнее

02/21/2024

Boeing removes head of 737 Max program in wake of safety incidents

In 2019, a photo showed Boeing 737 MAX airplanes parked at the Boeing Factory in Renton, Washington. Executive Ed Clark, who led the 737 Max program, was removed by Boeing after a series of issues including deadly crashes and a recent midair blowout. The 737 Max has faced problems over the past five years, including a grounding in 2019 and 2020 after two crashes. A recent incident involved a door plug blowing out on an Alaska Airlines Boeing 737 Max, with the NTSB finding that bolts were missing from the plug. Boeing CEO Dave Calhoun took responsibility for the incident, stating that Boeing is accountable for what happened. This is an ongoing situation and will be updated as more information becomes available.
02/21/2024

Preparing for war, social unrest or a new pandemic? Chinese companies are raising militias like it's the 1970s

More than 500 new recruits of the People's Liberation Army (PLA) were photographed on September 15, 2020 in Kunming, Yunnan province. China's volunteer brigades provide support to the PLA. Several major Chinese companies, including a privately-owned dairy giant, have recently established their own volunteer armies known as People's Armed Forces Departments. These civilian units, made up of individuals who maintain their regular jobs, serve as a reserve and auxiliary force for China's military and are available for various missions. The revival of corporate militias is seen as a response to potential conflicts abroad and social unrest at home, exacerbated by economic challenges and the COVID-19 pandemic. These units, operating within China, are under military leadership and are aimed at integrating economic development with national security. The establishment of these corporate brigades reflects Beijing's increasing focus on maintaining control and stability in society.
02/21/2024

Teamsters strike Molson Coors as it prepares to walk out at Anheuser-Busch next week

A strike by more than 400 Teamsters at the Molson Coors brewery in Fort Worth, Texas is affecting production for the second largest brewer in North America. The union is unhappy with the company's offer, which they consider inadequate given Molson Coors' strong financial performance. The strike comes ahead of a deadline set by the Teamsters for a potential strike at Anheuser-Busch, the nation's largest brewer. Molson Coors has stated that it has contingency plans in place to minimize the impact of the strike on consumers.
02/20/2024

Bitcoin stages a $1 trillion comeback

The value of Bitcoin has skyrocketed to $52,000 since November 2022, surpassing $1 trillion in market capitalization. Investors have flocked back to Bitcoin recently, with the rise attributed to the launch of exchange-traded funds. Despite the surge, Bitcoin remains below its all-time high of $69,000 in 2021, but experts believe it will continue to climb. The upcoming halving event, which reduces the rate of new coins entering circulation, is expected to further boost Bitcoin's value. However, investors should be aware of the risks associated with investing in Bitcoin, as it is volatile and closely monitored by regulators.