Hershey’s increases wholesale prices 9.7%Posted: March 31, 2011
The Hershey Company announced a comprehensive increase in prices today “across the majority of its U.S., Puerto Rico and export portfolio” in response to a broad-based increase in the company’s input costs:
“A weighted average price increase of approximately 9.7 percent across the Company’s instant consumable, multi-pack, packaged candy and grocery lines is effective today. These changes will help offset part of the significant increases in Hershey’s input costs, including raw materials, packaging, fuel, utilities and transportation.”
HSY expects these price hikes to benefit the company’s financial results in its 2012 reporting year.