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Hershey's Raises Prices

Posted On: 4/1/2011

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Hershey price increase, The Hershey Company, Hershey, vending machine, vending machine products, candy vending machine, Reese's, Kit Kat, Twizzlers, vending machine operator

HERSHEY, PA -- Hershey announced a 9.7% wholesale price increase on most of its candy products, effective immediately.

The maker of Reese's, Kit Kat and Twizzlers said the price hike for the company's instant consumable, multi-pack, packaged candy and grocery lines will help offset rising raw material, fuel and transportation costs.

The company affirmed its financial outlook for 2011 of earnings a share in the range of $2.54 to $2.63 per share. Hershey said it expects the majority of the financial benefit from the price increase to impact earnings in 2012.

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