Surging Cocoa And Sugar Prices Are Double Trouble For Chocolate Makers In 2024 [Seeking Alpha]
The Hershey Company (HSY)
Last the hershey company earnings: 4/23 07:00 am
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Source: Seeking Alpha
Adverse weather conditions and disease outbreaks in cocoa-producing regions have triggered a supply crunch and disrupted cocoa bean development. The surge in cocoa prices is forcing chocolate producers to adopt strategic measures to mitigate the impact on their bottom lines. By Andrew Prochnow During the first 2.5 months of trading in 2024, the meteoric surge in cocoa prices has been nothing short of remarkable. So far this year, cocoa prices have already doubled. However, the true magnitude of the cocoa rally is even more astounding when viewed through a wider lens. As recently as 2022, cocoa was trading for about $2,200/ton, but today the price is closer to $9,000/ton, which means this particular commodity has rallied by more than 300% in less than two years. To understand why this market caught fire, it's critical to understand the broader dynamics in the cocoa industry. The term "cocoa" is often used interchangeably with "cacao," but technically, "cacao" refers to the
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News
- This is Why Hershey (HSY) is a Great Dividend Stock [Yahoo! Finance]Yahoo! Finance
- Upslope Capital - Hershey: Ideally Positioned To Emerge Stronger Despite Cocoa Crisis [Seeking Alpha]Seeking Alpha
- Hershey (HSY) Rises Yet Lags Behind Market: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
- The legend and drama behind 'Buckeye Balls,' plus a history of chocolate and peanut butter combos [FOX News]FOX News
- The Hershey Company (NYSE: HSY) was downgraded by analysts at Edward Jones from a "buy" rating to a "hold" rating.MarketBeat
HSY
Earnings
- 2/8/24 - Beat
HSY
Sec Filings
- 4/24/24 - Form 4
- 4/23/24 - Form 144
- 4/12/24 - Form PX14A6G
- HSY's page on the SEC website