0822 ET - Hershey says it's working to get cocoa exempted from tariffs, which are adding to pressure for the candy giant on top of high prices for its key ingredient. The Pennsylvania chocolatier says it is "engaging with the U.S. government," to seek an exemption, since cocoa cannot be grown domestically. In the meantime, Hershey says it is planning for continued inflation and preparing options such as raising prices on its products. The company says it expects tariffs expenses to total $15 to $20 million in its current quarter. (jesse.newman@wsj.com)
(END) Dow Jones Newswires
May 01, 2025 08:22 ET (12:22 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.