Hershey Facing Earnings Pressure From Cocoa Costs, Tariffs -- Market Talk

Dow Jones

2025/07/02

1305 ET - Hershey's earnings are likely to take a hit due to high cocoa prices and tariffs, Moody's Ratings says, lowering its outlook to negative from stable. Cocoa prices more than doubled in 2024 and remain elevated. Hershey has hedged some of these increases, but Moody's expects hedges locked in at higher cocoa prices will reduce profitability this year. Tariffs on cocoa imports and retaliatory duties from Canada will also pressure earnings, Moody's says. Hershey has said it plans to increase prices to offset new costs, but Moody's believes higher prices pose a risk of volumes declining and Hershey losing market share. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

July 01, 2025 13:05 ET (17:05 GMT)

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Cocoa prices more than doubled in 2024 and remain elevated. Hershey has hedged some of these increases, but Moody's expects hedges locked in at higher cocoa prices will reduce profitability this year. Tariffs on cocoa imports and retaliatory duties from Canada will also pressure earnings, Moody's says. Hershey has said it plans to increase prices to offset new costs, but Moody's believes higher prices pose a risk of volumes declining and Hershey losing market share. 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Cocoa prices more than doubled in 2024 and remain elevated. Hershey has hedged some of these increases, but Moody's expects hedges locked in at higher cocoa prices will reduce profitability this year. Tariffs on cocoa imports and retaliatory duties from Canada will also pressure earnings, Moody's says. Hershey has said it plans to increase prices to offset new costs, but Moody's believes higher prices pose a risk of volumes declining and Hershey losing market share. (katherine.hamilton@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 01, 2025 13:05 ET (17:05 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HSY","symbol_name":"好时","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2548889588","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548889588","pubTimestamp":1751389500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1305 ET - Hershey's earnings are likely to take a hit due to high cocoa prices and tariffs, Moody's Ratings says, lowering its outlook to negative from stable. Cocoa prices more than doubled in 2024 and remain elevated. Hershey has hedged some of these increases, but Moody's expects hedges locked in at higher cocoa prices will reduce profitability this year. Tariffs on cocoa imports and retaliatory duties from Canada will also pressure earnings, Moody's says. Hershey has said it plans to increase prices to offset new costs, but Moody's believes higher prices pose a risk of volumes declining and Hershey losing market share. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"HSY":"好时"},"translate_title":"好时面临可可成本、关税带来的盈利压力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSY":1},"content_text":"1305 ET - Hershey's earnings are likely to take a hit due to high cocoa prices and tariffs, Moody's Ratings says, lowering its outlook to negative from stable. Cocoa prices more than doubled in 2024 and remain elevated. Hershey has hedged some of these increases, but Moody's expects hedges locked in at higher cocoa prices will reduce profitability this year. Tariffs on cocoa imports and retaliatory duties from Canada will also pressure earnings, Moody's says. Hershey has said it plans to increase prices to offset new costs, but Moody's believes higher prices pose a risk of volumes declining and Hershey losing market share. (katherine.hamilton@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 01, 2025 13:05 ET (17:05 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}