0822 ET - Hershey says it's working to get cocoa exempted from tariffs, which are adding to pressure for the candy giant on top of high prices for its key ingredient. The Pennsylvania chocolatier says it is "engaging with the U.S. government," to seek an exemption, since cocoa cannot be grown domestically. In the meantime, Hershey says it is planning for continued inflation and preparing options such as raising prices on its products. The company says it expects tariffs expenses to total $15 to $20 million in its current quarter. (jesse.newman@wsj.com)
(END) Dow Jones Newswires
May 01, 2025 08:22 ET (12:22 GMT)
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