The Hershey Company on Tuesday confirmed media reports it is raising candy prices as it battles rising cocoa costs.
The price change will be a “low double-digit increase” and affect products across the company’s confection portfolio, according to a Hershey spokesperson. Founded in 1894, the Pennsylvania-based company owns over 90 brands including Hershey Kisses, KitKat, Reese’s and York.
“This change is not related to tariffs or trade policies,” the spokesperson said in a statement to CBS News. “It reflects the reality of rising ingredient…
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