Hershey, the chocolate company behind Reese's and Kit Kats, said it is planning 'list price increases across all segments' as a way to drive sales growth.
"Pricing will be an important lever for us this year and is expected to drive most of our growth," Hershey CEO Michele Buck said in prepared remarks discussing the company's financial results Thursday. In its 2022 financial forecast, the chocolate company behind Reese's and Kit Kats said it is planning"list price increases across all segments" as a way to drive sales growth.
Still the company faces challenges. Demand is still outstripping supply, and Hershey is ramping up capacity to meet it. Strategic price hikesThe candy maker has already raised prices, and consumers have accepted them. Higher prices contributed to sales growth in the fourth quarter, according to the company. "Historically, our category has successfully been able to execute price increases and we expect that to be the case this year as well," said Buck.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Attention chocolate lovers: Hershey is raising its prices this yearHershey is planning 'list price increases across all segments' as a way to drive sales growth.
Les mer »
While Valentine's Day Is Getting More Expensive, Going Into Debt Isn't SexyAs Americans recover from Covid’s financial strain, couples are less inclined to go into debt for a big, romantic gesture.
Les mer »
In The Final 'Killing Eve' Trailer, Villanelle Tries to Find GodTo show Eve she's changed, Villanelle goes as far as getting baptized in season 4.
Les mer »
15 Books for Computer Science Students | HackerNoonIn this article, I am going to discuss 15 Recommended Books For Computer Science Students
Les mer »