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Hershey : Q1-24 Earnings Prepared Remarks Transcript

The Hershey Company

First Quarter 2024 Earnings Results

Prepared Remarks

May 2, 2024

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Hershey, Mondelez See Cocoa Prices Detached From Fundamentals

Hershey, Mondelez See Cocoa Prices Detached From Fundamentals
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Cocoa Keeps Hitting Record Highs, But Retail Investors Don't Have an Easy Way In

The price of cocoa recently reached an all-time high, nearly quadrupling over the past year. While that sounds like a sweet investment, retail investors really have only one way to bet on the commodity. ....

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Will the soaring price of cocoa turn chocolate into a luxury item?

Chocolate lovers are already paying more for less, and the treat is likely to get pricier in the months ahead. Here's why. ....

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Cocoa breaks $10,000 record, with pricier chocolate to follow

Cocoa futures surged above an unprecedented $10,000 a metric ton on Tuesday before erasing gains and taking a breather from a historic rally that has seen prices of the key chocolate ingredient double this year. The market is being rattled by poor crops in key West African growers that has… ....

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