Company points to nearly 6 percent volume growth in the quarter. However, higher commodity costs, especially dairy, reduce gross margins.
October 29, 2014
CEO and President John Bilbrey announced that The Hershey Co. made “good progress against our third-quarter objectives as net sales, retail takeaway and market share trends improved versus the first half of the year.”
The Hershey Co. is expanding its cocoa sustainability program Learn to Grow through new public and private partnerships — and its goal is to create more sustainable cocoa by 2020.
The $142.5-million cash acquisition includes Harry & David's brands and websites as well as its headquarters, manufacturing and distribution facilities and orchards.