Hersey Profits Up as “Money Talks But Chocolate Sings”

 

“Money talks but chocolate sings,” (writer unknown) is apparently true for the Hershey Company who’s stock rose a whopping 33 percent to $611 million from July to September.

The Pennsylvania candy maker is finding that the pandemic may be causing consumers to bite down hard on their Hershey bars and Reese’s pieces.  And while human contact is being limited there is no edict preventing people from buying their “Kisses’ — Hershey ones that is.

“Our core US business remains healthy, as consumers reach for small treats during the pandemic and they continue to celebrate important rituals in their lives,” Hershey president and CEO Michele Buck said.

Net sales rose 4 percent to about $2.2 billion during this period despite a drop in demand for Halloween candies since trick or treating was discouraged widespread throughout the U.S.

Still, as another unknown writer said, “God gave the angels wings, and he gave humans chocolate.