Record cocoa prices heading into Valentines Day proves to be a headache for sweets king Hershey

Published February 9, 2024 6:41 PM

By MICHELLE CHAPMAN
AP Business Writer

Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs that are leading to increased prices for chocolate. The company anticipates its full-year earnings per share being relatively flat, partly due to higher cocoa and sugar costs.

Article Topic Follows: AP National

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