Hershey Organic Sales Grow 0.8% as Candy Prices Outpace Grocery Inflation

Hershey’s third-quarter organic sales grew 0.8% as pricing more than offset lower volume, while U.S. candy prices rose faster than grocery costs ahead of Halloween. U.S. candy and chewing gum prices were 7.7% higher than a year earlier in September, compared with a 1.8% rise in food-at-home prices and a 3.7% increase across all items. Sugar and sweets prices rose 5.5%. The consumer price measures cover broad categories and do not isolate chocolate, Halloween products or ingredient costs. The September inflation reading covers a different period from category data through Oct.

Source: TokenPost