Black Women : PRICE OF CHOCOLATE GOING UP

Kemetstry

Well-Known Member
PREMIUM MEMBER
Feb 19, 2001
28,955
8,183
Detroit
Occupation
Chemist
Hershey warns of sticker shock from chocolate price hike
July 24, 2014 2:45 PM ET
By By Marcy Nicholson

NEW YORK (Reuters) - Hershey Co, one of the world's best known names in chocolate, expects its first price hike in three years to crimp short term sales, but over the long haul the popularity of chocolate will prevail, the company's chief executive said on Thursday.
President and CEO John Bilbrey said the 120-year-old maker of Hershey Kisses and Reese's Peanut Butter Cups will be particularly alert to any reduction in sales caused by the increase, which averaged 8 percent, among low income consumers.
Bilbrey told analysts on a conference call to discuss second-quarter financial results that in the past many consumers adjusted to higher prices "over time," but he said more expensive chocolate would lower volume for the rest of the year, primarily in the fourth quarter and into 2015.
Hershey announced its price increase on July 15, saying it was in response to soaring cocoa and dairy prices. The hike comes at a critical time for candy makers, as some of the world's best known brands are fighting for U.S. consumers in a shrinking market.
One of Hershey's biggest competitors Mars Chocolate North America said on Wednesday it was raising prices 7 percent.
Three months ago, Swiss-based Nestle SA, the world's biggest confectionery business, warned of price changes.
But Swiss chocolate maker Lindt & Spruengli has said its main priority was to gain market share globally by absorbing some commodity price increases.
U.S. demand for chocolate has declined annually since 2006, with the exception of 2013 when there was slight growth, according to data from Euromonitor International. In contrast, world consumption has increased.
This is in part because of the increasing popularity of premium products and bite-size chocolates that weigh less than many chocolate bars. Global demand is increasing and there are reports that prices are getting higher because cocoa farmers are not going to be able to increase production enough to meet the demand for chocolate.
In its results, Hershey said full-year net sales were expected to rise around the low end of its long-term target of 5 to 7 percent and growth in its candy and mint category would be around 3 percent in 2014, slightly below the long-term projection of 3 to 4 percent.





.
 

Kadijah

Well-Known Member
BANNED
Apr 7, 2013
6,131
2,930
Hershey announced its price increase on July 15, saying it was in response to soaring cocoa and dairy prices.
Either that, or African parents are wising up to the child enslavement practices of Hersey and pulling them, thus labor costs are rising by virtue of the white folks having to employ adults. :10400:
 
Last edited:

Dreya

Well-Known Member
REGISTERED MEMBER
Jul 14, 2014
623
307
GA
Occupation
Applied computer arts
ahhhh yep good point - if the growers are gettin more id be willin to pay more - not willin to if its just goin to buy new artwork for Hersheys boardroom though
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Thread starter Similar threads Forum Replies Date
Kemetstry Black Entertainment : R. I. P. LLOYD PRICE Black Entertainment 3
Kemetstry Black People : THE PRICE OF RACISM Black People Open Forum 0
R Black Poetry : Sex is not a profession could raise complex questions when trouble need advice could end up having a double life now too much rubble wrong price see a Black Poetry - Get Your Flow On! 1
Clyde C Coger Jr Food Discussion : It's only $4.99. But Costco's rotisserie chicken comes at a huge price Food Discussion and Recipes 0
Clyde C Coger Jr Health and Wellness : Eli Lilly seeks to quell drug price anger with cheaper insulin Black Health and Wellness 2
HODEE Black People Politics : Tom Price...Trump's Cabinet secretary Fired.. ( resigned ) ? Black People Politics 1
nilevalley Black People Politics : When they were warned no one listened now what is the price America will pay? Black People Politics 1
Clyde C Coger Jr Law Forum : Supreme Court rejects Apple e-books price-fixing appeal Law Forum - Prisons - Gun Ownership 0
RAPTOR Black People Politics : Warren Ballentine on his indictment: Unjust Price Paid For Doing Work For The People Black People Politics 2
jamesfrmphilly Beauty - Hair Care - Fashion : the price of nice nails...... Beauty - Black Hair Care - Fashion 0
1poetsought Black Entertainment : The Artist Pays the Price Black Entertainment 0
HODEE Black People : I KNOW YOUR PRICE OF GAS IS BELOW $2.00 Black People Open Forum 5
CosmicMessenger Black Entertainment : Solomon Burke - The Price Black Entertainment 0
shaka64 Audio Video Web Conferencing : LEDISI, RACHELLE FERRELL, AND KELLY PRICE Audio Video Web Conferencing 0
cherryblossom Audio Video Web Conferencing : Ledisi & Kelly Price - "How Great Thou Art" Audio Video Web Conferencing 0
howardtsu Black Poetry : The Price of Slippin' Black Poetry - Get Your Flow On! 3
Keita Kenyatta Black People Politics : The price of a life? In Afghanistan, it's as little as $210 Black People Politics 3
legit-writer Black People : read this article and tell me if you know of any solution to the price of everything rising Black People Open Forum 6
MsInterpret Audio Video Web Conferencing : destee.tv : Kelly Price - Soul Of A Woman Audio Video Web Conferencing 1
RAPTOR Black Education / Schools : Price stability: Teaching economics to young teenagers? Black Education / Schools 11
MsInterpret Audio Video Web Conferencing : destee.tv : Kelly Price - Friend Of Mine ft. Ronald Isley, R. Kelly Audio Video Web Conferencing 0
Amnat77 Black Entertainment : "Four Women" - Jill Scott, Ledisi, Kelly Price & Marsha Ambrosius Black Entertainment 3
AACOOLDRE Black People : The Price for Black unity Black People Open Forum 3
3 Black Authors : The Alphasmart Neo price drop-$169 o_O Short Stories - Authors - Writing 3
Keita Kenyatta Black People : WHITE PEOPLE MUST PAY THE PRICE Black People Open Forum 0
D Black Poetry : A Price 2 Pay Black Poetry - Get Your Flow On! 21
Y Black Spirituality Religion : Negative psychic attacks...do you think there is a price to pay? Black Spirituality / Religion - General Discussion 2
A Black People : Remember fam for bringin the truth there is a Price.. Black People Open Forum 1
D Black Poetry : Are You For Sale? - What's The Price? Black Poetry - Get Your Flow On! 4
Chief Elder Osiris Chief Elder Osiris : To Remain Asleep In The Time Of Enlightenment, Carry A Heavy Price!!! Chief Elder Osiris 0
T Black Entertainment : Kelly Price Black Entertainment 2
C Black Entertainment : Kelly Price Black Entertainment 0
Therious Black People : gas price collusion Black People Open Forum 0
D Black Jokes Humor : A price for beauty Black Jokes Humor 1
ASHANTA Black Poetry : Bang, Bang The Price Of Freedom Is Death Black Poetry - Get Your Flow On! 4
$$RICH$$ Black Poetry : PRICE OF LOVE Black Poetry - Get Your Flow On! 24
river Black Relationships : Do You Have A Price? Black Relationships 60
ASHANTA Black People : Black Brothers Save Your Black Sons The Price Of Ignorance Is Death Black People Open Forum 0
A Black Poetry : The Price of the *EGO*...is dependency Black Poetry - Get Your Flow On! 23
Z Pan Africanism : Dual Citizenship for a Price African American History Culture 3
ASHANTA Black Poetry : The Price Of Freedom Is Death (Inspired)kenyatta Black Poetry - Get Your Flow On! 5
ASHANTA Black Poetry : Bang, Bang The Price Of Freedom Is Death Black Poetry - Get Your Flow On! 10
I Black People : New Loan Rules May Price Out Home Buyers Black People Open Forum 0
ASHANTA Black Poetry : Bang, Bang The Price Of Freedom Is Death Black Poetry - Get Your Flow On! 6
D Black Poetry : The Price Tag of Love Black Poetry - Get Your Flow On! 5
O Black Entertainment : Let’s Bake Chocolate Cookies! Black Entertainment 0
R Black Poetry : “This is all chocolate but like a small rocket this stuff will take off had enough girl your cake is soft give me a break let me toss some words in yo Black Poetry - Get Your Flow On! 0
Clyde C Coger Jr Food Discussion : How to Taste Chocolate Like an Expert Just Because It's Expensive Doesn't Mean It's Good Food Discussion and Recipes 0
A Black Poetry : hot juicy chocolate skin tone brutally sexy, beastly, mega tough exciting making horny, divinely sweet and incredibly sexy, saturated with a sweet de Black Poetry - Get Your Flow On! 0
A Black Poetry : You are my chocolate gemstone of love and sex. Charging me with an eternal source of love Black Poetry - Get Your Flow On! 0
Similar threads


















































Latest profile posts

$1 Billion Black dollars in 30 days
Destee wrote on Marcchris's profile.
Hi @Marcchris ... Welcome Welcome Welcome!!! :wave: ... Thanks for joining us AND becoming a Premium Member! :cheerleader: ... I am honored. Please make yourself right at home! Much Love and Peace.
Destee wrote on rhymebad's profile.
I Love You! :love:
Destee wrote on dunwiddat's profile.
Good to see you Sister! :cheerleader:
Kemetstry wrote on dunwiddat's profile.
Where have you been hiding ?
Top