Piper Sandler Analyst Michael Lavery slashed his price target for Hershey's stock (HSY) by $23 to $120 a share over "expectations that recently elevated cocoa costs will last longer than initially ...
Britannia raised prices by 2% in the December quarter and expects a cumulative price hike of 6-6.5% until the June quarter of 2025-26 as costs of key input materials, such as wheat, palm oil, cocoa, ...
Management expressed optimism for balanced growth in 2026. CFO Steve Voskuil stated that despite potential difficulties in implementing pricing, efforts to manage cocoa costs through productivity ...