Hershey to Raise Chocolate Bar Prices

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jltrent

jltrent

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Don't smoke or drink for habits, but I am a Chocoholic and tried to quit or at least cut back many times to no avail. I guess they need more profits, so my habit is going to cost more.


Candy maker, which reported higher-than-expected profit, is increasing prices 9% next year

Hershey Co. is raising prices on chocolate bars and other wrapped candies, the first increase the company has implemented on some of its signature products in more than five years.

The company is boosting prices by about 9%, Chief Executive Michele Buck said in an interview. The increase will cover products such as the company’s milk-chocolate bars and two-cup Reese’s peanut butter cups that are often sold near checkout lines at the front of grocery stores and other retailers.

The higher prices for bars and other products will primarily take effect next year, Ms. Buck told analysts.

https://www.wsj.com/articles/hershey-pushes-up-prices-but-sales-volume-weakensin-north-america-11564055320
 
My favorite Mexican restaurant raised their price for the Burrito Deluxe lunch plate a full dollar last week.

When will the madness end?
 
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Sure didn't see the prices go down when the milk prices tanked. And they are still depressed just not quite as low; .... so no way chocolate bars should be going up. Yeah, my weakness too.... Guess I may start stockpiling them in the freezer and then putting myself on a rationing.....
 

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