From Bloggingstocks.com:
Hershey raises prices after posting terrible earningsAnd we don't need the smart-ass remark about eating healthy at the end either.
The relationship between Hershey Co. (NYSE: HSY) and Wall Street has been sour for a while. Shares of the chocolate maker have plunged more than 30% over the past year amid concerns about rising commodity prices and the growth of healthier eating habits. Now, the confectioner is raising wholesale prices by an average of 13% on one-third of its domestic product line effective immediately .
Chocoholics are paying the price for higher costs for raw materials, fuel, utilities, and transportation.
...Yet another reason for people to eat healthy.
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