Hershey said the price hike is related to cost of cocoa, which has increased exponentially in recent years.

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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 ...

Hershey Co. shares were surging in Wednesday trading, heading toward a more than seven-month high, despite the company lowering its full-year earnings outlook amid ongoing tariff expenses.

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Among the items expected to increase in price are Hershey Kisses, KitKat, Reese’s and York Peppermint Patties. Hershey’s says price increases typically take around 90 days to take effect.

Shares of Hershey Co. are up 4.4% in morning trading, lifted by the chocolate maker’s second-quarter results, putting the stock among the S&P 500 index’s leaders.