mission vending Posted April 5, 2011 Share Posted April 5, 2011 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. 9.7%?, that's pretty significant, hope that's all the price raising they do this year. Link to comment Share on other sites More sharing options...
coinvestor Posted April 5, 2011 Share Posted April 5, 2011 hope that's all the price raising they do this year. and next year too..... Link to comment Share on other sites More sharing options...
JEREMYTINA Posted April 5, 2011 Share Posted April 5, 2011 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. 9.7%?, that's pretty significant, hope that's all the price raising they do this year. Since mfg use a markup, and most distributors, and retailers operate on GM% as their guage for pricing, we should expect to see around an 11% increase unless they are willing to take a slight margin hit. That sucks. Guess candy bars will be going to .95 sooner than I planned in the machines. Link to comment Share on other sites More sharing options...
mission vending Posted April 5, 2011 Author Share Posted April 5, 2011 Since mfg use a markup, and most distributors, and retailers operate on GM% as their guage for pricing, we should expect to see around an 11% increase unless they are willing to take a slight margin hit. That sucks. Guess candy bars will be going to .95 sooner than I planned in the machines. Around here it seems that Hershey's products are generally a penny or so per unit more than M&M's brand. So I don't sell very much of their stuff unless a customer requests it. I have not seen anything about M&M's raising their prices........yet. Link to comment Share on other sites More sharing options...
mission vending Posted April 5, 2011 Author Share Posted April 5, 2011 and next year too..... If the situation in Ivory Coast degenerates to a civil war then who knows how high cocoa will go. It produces 43% of the world's cocoa. Facts about cocoa civil unrest stories Link to comment Share on other sites More sharing options...
dogcow Posted April 6, 2011 Share Posted April 6, 2011 i dont sell any hersheys products but hopefully this is not the bellweather Link to comment Share on other sites More sharing options...
JEREMYTINA Posted April 6, 2011 Share Posted April 6, 2011 Around here it seems that Hershey's products are generally a penny or so per unit more than M&M's brand. So I don't sell very much of their stuff unless a customer requests it. I have not seen anything about M&M's raising their prices........yet. I vend bulk out of my full line locations and PMM, and MM are a staple, so I don't put them in the snack machines. But I have had requests for reece cups, kit kat, hershey plain, hershey almond, so I've had to use them. Link to comment Share on other sites More sharing options...
Sparta_Automation Posted April 6, 2011 Share Posted April 6, 2011 Analysts are saying that they expect other candy producers to follow suit and we should expect a price increase across the board. Travis Link to comment Share on other sites More sharing options...
bcron Posted April 6, 2011 Share Posted April 6, 2011 I just happened to notice yesterday that our Sam's prices on Hershey's actually dropped a nickle or so...wierd. Link to comment Share on other sites More sharing options...
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