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- Jul 22, 202592% CONFIDENCEfrom today.com
Hershey Raises Chocolate Prices by Double Digits Over Record Cocoa Costs
- Hershey told retailers it would raise candy prices by double digits, citing the "unprecedented cost of cocoa"; a spokesperson said the rise was not related to tariffs or trade policy[1].
- The company confirmed the rise in a statement on July 22, said it had informed retail customers a week earlier of an increase in the "low double digits", and that 75% of its candy would still cost under $4[4].
- Halloween-packaged products were excluded, and Hershey said it might also shrink pack sizes[3][4].
- Cocoa had topped $12,000 a tonne in December 2024 and was still near $8,500, against about $4,500 in January 2024, after heat and disease hit crops in Ghana and Ivory Coast[3][4].
- Chocolate candy is about two-thirds of Hershey's sales, per a TD Cowen analysis cited by The Wall Street Journal; Hershey asked the White House in May to exempt cocoa from tariffs and expected tariffs to cost $15-20 million in the second quarter[1].
- By the second quarter of 2026, price realization of about 12% lifted net sales 6.6% while volume fell about 8%[2].
References 484% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%fooddive.com/news/hershey-to-raise-chocolate-prices-double-digits-amid-elevated-cocoa-costs/753758fooddive.com· Posted Sep 24, 2026· Starts Jul 22, 2025· 46% of score
Stated as firm, per TODAY[4] (24 July 2025): "Hershey announced in a statement on July 22 that it will be raising the price of its candy", having "informed its retail customers a week earlier"; Food Dive (23 July) quotes the same statement.
- [2]75%The Hershey Company Form 10-Q, quarter ended June 28, 2026sec.gov· Published Jul 30, 2026· 37% of score
Hershey's Q2 2026 10-Q shows the pricing at work: net sales up 6.6% on "favorable price realization of approximately 12%" from pricing actions in North America Confectionery and International, offset by a volume decrease of about 8%.[1]
- [3]80%Hershey set to raise chocolate prices by double-digits amid unprecedented cocoa costsconfectioneryproduction.com· Published Jul 25, 2025· 9% of score
Confectionery Production: Hershey confirmed low double-digit rises on its chocolate ranges from the autumn, quoting its statement "This change is not related to tariffs or trade policies"; Halloween lines unaffected; cocoa above $12,000 a tonne at the turn of 2025.
- [4]92%Hershey Is Raising Chocolate Prices by Double Digits — Here's Whytoday.com· Published Jul 24, 2025· Starts Jul 22, 2025 ✓· 9% of score
TODAY dates the announcement: "Hershey announced in a statement on July 22" that it had told retail customers a week earlier prices would rise in the "low double digits"; not tariff-related, Halloween packs excluded, 75% of candy under $4, possible shrinkflation.
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