Core Insights - Hershey's upcoming quarterly earnings report is expected to show earnings of $1.01 per share, a decline of 20.5% year-over-year, while revenues are forecasted to reach $2.55 billion, an increase of 22.8% year-over-year [1] - The consensus EPS estimate has been revised 9.1% lower in the last 30 days, indicating a reevaluation by analysts [1][2] Revenue Estimates - Analysts project 'Net Sales- North America Confectionery' to be $2.02 billion, reflecting a year-over-year increase of 27.6% [4] - 'Net Sales- North America Salty Snacks' is estimated at $306.06 million, indicating a 5.6% increase from the previous year [4] - The average estimate for 'Net Sales- North America' is $2.32 billion, suggesting a year-over-year change of 24.2% [4] - 'Net Sales- International' is expected to reach $227.95 million, representing an 11.3% increase year-over-year [5] Segment Income Estimates - 'Segment Income (loss)- North America Confectionery' is projected to be $470.57 million, slightly up from $464.50 million in the same quarter last year [5] - 'Segment Income (loss)- Unallocated corporate expense' is estimated at -$220.51 million, contrasting with $158.23 million from the previous year [6] - 'Segment Income (loss)- North America Salty Snacks' is expected to be $55.67 million, compared to $52.20 million in the same quarter last year [6] - 'Segment income (loss)- International' is projected at $18.48 million, down from $25.01 million year-over-year [7] - 'Segment income (loss)- North America' is expected to be $526.24 million, compared to $516.70 million from the previous year [7] Stock Performance - Hershey's shares have increased by 10.1% over the past month, outperforming the Zacks S&P 500 composite, which rose by 4.6% [7]

Why are Hershey's prices rising?Read more: https://t.co/SYJsLXWchg https://t.co/CKe31BEYGk ...

Group 1 - The global cocoa production regions, Ghana and Ivory Coast, have faced continuous poor harvests due to climate change, leading to a significant increase in cocoa futures prices over the past two years [1][3] - Currently, cocoa prices remain high despite a decrease from their peak, directly impacting chocolate production costs, prompting major chocolate brands in the U.S. to announce price increases [1][3] - As of this week, cocoa futures prices are at $7,380 per ton, down from a peak of $11,984 in December last year, but still up 121% compared to two years ago [3] Group 2 - The average price of chocolate bars in the U.S. has risen from $2.43 in July 2021 to $3.45 recently, marking a 41% increase [3] - Major chocolate companies like Nestlé and Ferrero have announced price hikes, with Hershey indicating that its chocolate products' average prices may increase by double digits [3] - Concerns about tariff threats have emerged, particularly regarding a potential 21% tariff on cocoa and other products from Ivory Coast, although the implementation of this tariff was later suspended [5] Group 3 - The U.S. imports nearly $4.4 billion worth of chocolate, cocoa, and candy annually, while the members of the National Confectioners Association export about $2 billion worth of U.S.-made chocolate and candy each year [5]

Pricing Strategy - Hershey is raising prices [1] Industry Trend - The report focuses on the reason behind Hershey's price increase, indicating a concern about cost pressures or market dynamics within the confectionery industry [1]

Hershey will soon raise its candy prices, according to multiple outlets, citing a jump in cocoa costs that have led the chocolate company to rethink its list prices and the weight of candy sold in each container. (Photo: Justin Sullivan via Getty Images)https://t.co/ywto3sgmkh https://t.co/XlfUjgxgiB ...

Pricing Strategy - Hershey is expected to increase candy prices soon [1] Industry Outlook - The report suggests potential cost pressures or market dynamics influencing Hershey's pricing decisions [1]

Pricing Strategy - Hershey is raising prices [1] Industry Trend - The report focuses on the reason why Hershey is raising prices, indicating a potential trend or challenge within the confectionery industry [1]

Pricing Strategy - Hershey is raising prices [1] External Factors - The report suggests external factors are influencing Hershey's pricing decisions [1]

Group 1 - The Hershey Company is raising prices across its candy portfolio due to an unprecedented increase in cocoa costs, with price increases expected to be in the double digits [1][4] - The price increase will involve adjustments to both the list price and the weight and amount of candy in product packaging [1][4] - The rise in cocoa costs is attributed to supply shortages in the Ivory Coast and Ghana, which have significantly impacted prices over the last two years [4] Group 2 - The Hershey Company is currently in discussions with its retail partners regarding the new pricing but has not disclosed specific details [6] - The announcement of the price increase follows the news that Wendy's CEO, Kirk Tanner, will be stepping down to take the CEO position at Hershey, effective August 18 [7] - Hershey owns over 90 brands, including popular products like Reese's Peanut Butter Cups and Kit Kat [9]

Cost Pressure - Hershey is increasing candy prices due to persistently high cocoa costs [1]