Rising ingredient costs prompted Hershey to raise prices on chocolate products, and the company noted the change is unrelated to tariffs or trade policies.
A federal appeals court on Tuesday rejected a proposed class action by eight Malian citizens who sought to hold Hershey , Nestle and five other companies liable for child labor on Ivory Coast cocoa farms.
Nothing goes in a straight line on Wall Street, though investors often like to extrapolate current trends far into the future. These two facts can open up investment opportunities in growing companies that are facing problems likely to be temporary.
Emotions on Wall Street tend to swing like a pendulum, going from far too excited to far too pessimistic. That happens on a large scale, but also on the individual stock level.
Kirk Tanner will leave his role as Wendy's CEO to take the helm at The Hershey Company, succeeding retiring CEO Michele Buck after her seven-year tenure.
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