Higher prices boost Hershey 1Q results The candy maker said Tuesday its first-quarter profit rose 24 percent as higher prices and cost cutting helped offset higher ingredient costs. Last year Hershey, famous for its chocolate bars, Hershey's Kisses and Reese's peanut butter cups, raised prices by nearly 10 percent to offset rising prices for raw materials including sugar, fuel and packaging. "Hershey's strong start to the year is the result of our continued strategy of disciplined investment in core brands in both the U.S.

Sections:  news   business   
RELATED ARTICLES
  • HTC Expects Brighter Second Quarter
    Taiwan's HTC expects its second-quarter revenue and operating margin to rise from the first quarter, as sales of the new HTC One smartphone pick up. More
  • Mobile Efforts Help Propel Facebook’s Earnings
    Facebook was once a darling of investors, then a turnoff. Now, a year after going public, the social network seems to have settled into a more stable relationship with Wall Street. But the company has still been taking pains to prove that it can make more money from its base of more than a billion users, especially from those using Facebook on mobile devices. More
  • All Eyes On Facebook's Mobile Growth And Graph Search Progress
    Quick Take Facebook will release its Q1 2013 earnings on May 1. We expect healthy advertising revenue growth driven by improved mobile monetization and a growing user base. Margins will shrink due to higher headcount related costs and infrastructure investments. We’ll also look for any color on the success of Graph Search, which could be one of the key features of Facebook going forward. More
  • The New York Times Company Reports a Drop in Profit
    While advertising continued to fall, The New York Times Company, which is repositioning itself for a digital age, said circulation revenue rose 6.5 percent in the first quarter. More
  • Zynga Q1 Earnings Beat Street, But Shares Down
    Zynga posted first quarter 2013 earnings that beat analysts expectations, but shares are trading down after-hours on future outlook. More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News