The COVID-19 pandemic and the war in Ukraine have had an impact on confectioners such as the Derry Township-based Hershey Co., but there will be enough treats for trick-or-treat, the company says.
Tribune News ServiceHershey Co. reassured chocoholics and other customers on Monday that there will be plenty of sweets for Halloween.Reuters and many other news outlets reported the candy conglomerate would fall shortYes, there are supply chain issues in candy land, such as a shortage of ingredients such as cocoa. The COVID-19 pandemic and the war in Ukraine have had an impact on confectioners such as Derry Township-based Hershey Co.
“We continue to see struggles across the supply chain,” Hershey Co. chief executive Michele Buck said in a largely celebratory earnings call last Thursday, amid increases in second-quarter sales and profits.Asked to clarify, she told investors that “early on, it was some of the basic logistics issues largely driven by labor,” while currently scarcity of ingredients, higher costs and the geopolitical environment has “put certain strains on the business.
“We actually anticipate high single-digit growth for our Halloween and holiday seasons and will have even more seasonal product available to the consumer this year than last year,” Allison Kleinfelter, senior director of Hershey corporate communications, said in an e-mailed statement.Hershey decided in the spring — when it typically begins making Halloween products — “to focus on everyday products to improve on-shelf availability in both U.S. and Canada. This strategic decision was made ...
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