Hershey is optimistic cocoa inflation will turn deflationary in 2026 as it also expects a marginally lower tariff impact than previously envisaged for this year. Tariffs, rising cocoa costs and associated pricing have dogged Hershey, particularly for the group’s largest revenue earner, its North America confectionery division. The business unit accounted for $2.62bn in sales in the third quarter, compared to the group total of $3.18bn, with organic growth coming in at 5.2% and 6.2%, respectively, Hershey ...