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48°
Tuesday, nov 19
Tag:
Price increase
Lifestyle
Hershey's Is Raising The Cost Of Your Favorite Chocolate Treats
With less than two weeks until Valentine's Day, The Hershey Company is raising the cost of chocolate. The news was announced during The Hershey Company's Fourth Quarter of 2021 Earnings Conference Call on Thursday. The company said it is planning for “list price increases across all segments” as a way to drive sales growth. “Pricing will be an important lever for us this year and is expected to drive most of our growth,” said CEO Michele Buck stated. The reason given for the hike was the rising cost of labor and ingredients. Hershey had already raised some of it's prices in 2…