Candy company Hershey Co. HSY +2.86% said its sales and profit rose in the holiday quarter, as higher prices helped offset a jump in costs.

The Hershey, Pa.-based maker of snacks and candy said Thursday that higher supply-chain costs as well as an increase in logistics, labor and packaging costs all contributed to a decrease in profit margins.

Still, the company was able to post adjusted earnings that came in 13% higher than a year earlier and topped analyst expectations for the quarter.

Source

Back to Latest