Hershey beats Q1 2026 earnings estimates on price hikes
Mondelez International, the maker of Toblerone, similarly beat estimates in its most recent quarterly report, with price increases providing a lift, Reuters noted. North America Confectionery, Hershey's largest segment, posted net sales of $2.49 billion, up 8.3%, with organic price realization of about 12 points. Volume fell about 4 points, reflecting price elasticity and one fewer shipping day. U.S. candy, mint, and gum retail takeaway rose 8.1% for the 12-week period ended March 29, the company said. The ...