Economists say some consumers can expect to pay up to 20% more for chocolate this Valentine’s Day than in 2024.
The cost of cocoa reached a record high in December 2024, and the price keeps climbing. How is industry reacting and what ...
As cocoa prices continue to fluctuate on the higher end, cocoa powder and cocoa fat solutions may provide some relief for ...
Rising chocolate prices will hurt ... to offset higher costs. Cocoa futures nearly tripled last year on concerns about supply from West Africa and are currently trading near $10,000 a ton in ...
The stock fell 5% at 5:54 p.m. in after-hours trading in New York. Cocoa prices remain substantially elevated from prior years, more than doubling since the end of 2023. Chief Executive Officer ...
Company CEO Michele Buck said she expects the surge in cocoa prices to put "significant pressure on 2025 earnings." Shares of the company, however, rose about 3% in premarket trading after ...
and a higher economic tax rate," and adjusted EPS down by a mid-30% range. It sees net sales growing at least 2%. Chocolatiers have been hit hard by soaring cocoa prices, which hit an all-time ...
LONDON: Arabica coffee futures turned lower on Tuesday after earlier hitting a new record high while cocoa and ...
Investing.com - Shares in Hershey Co (NYSE:HSY) jumped about 5% in early trading on Thursday after ... pressure on 2025 earnings due to surging cocoa prices. "In a more normal situation, EPS ...
(Reuters) -Cadbury-parent Mondelez International forecast a bigger-than-estimated drop in its annual profit on Tuesday, signaling pressures from higher costs, including from surging cocoa prices ...
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