Kraft Heinz is expected to report a decline in second-quarter sales as U.S. consumers seek more affordable pantry staples, though the company has raised prices more than anticipated and beat quarterly estimates, aided by increased demand for its sauces amid a rise in home cooking. Investors are also monitoring Kraft Heinz's plans to spin off its grocery business. Meanwhile, Hershey surpassed analysts' expectations for second-quarter sales and profits, driven by strong Easter demand for its confectionery products and growth in salty snacks. However, Hershey has lowered its annual earnings forecast due to tariff-related costs but anticipates relief from the U.S. government under President Trump for cocoa, a key ingredient not produced domestically. The tariffs imposed by the Trump administration, intended to boost U.S. manufacturing, have instead provided Canadian and Mexican chocolate makers with a competitive advantage over U.S. firms in the chocolate industry.
Chocolate maker Hershey reported better-than-expected second-quarter sales and profit, boosted by strong Easter demand for its sweets and salty snacks. Read more: https://t.co/XOmXUzPPJh https://t.co/GYz4lIGqbJ
Chocolate maker Hershey reported better-than-expected second-quarter sales and profit, boosted by strong Easter demand for its sweets and salty snacks https://t.co/KV2FNoajyq https://t.co/pHBe1sSOiR
Hershey beat analysts' estimates for the second quarter driven by Easter demand for its confectionery goods and growth in salty snacks. Read more: https://t.co/XOmXUzPhTJ https://t.co/PSYgccN0VJ