Latest news with #confectionery
Yahoo
4 days ago
- Business
- Yahoo
Here's What to Expect From Hershey's Next Earnings Report
With a market cap of $34.7 billion, The Hershey Company (HSY) is a leading global manufacturer of chocolate, non-chocolate confectionery, salty snacks, and pantry items, with operations spanning over 80 countries. It operates through three key segments - North America Confectionery, North America Salty Snacks, and International, offering a wide range of products under iconic brands such as Hershey's, Reese's, Kit Kat, and SkinnyPop. The Hershey, Pennsylvania-based company is expected to announce its fiscal Q2 2025 earnings results before the market opens on Wednesday, Jul. 30. Ahead of this event, analysts expect Hershey to report an adjusted profit of $1 per share, down 21.3% from $1.27 per share in the year-ago quarter. The company has surpassed Wall Street's earnings estimates in two of the last four quarters while missing on two other occasions. More News from Barchart Insider Trading Alert: Here's Who Bought Nvidia and AMD Stock Before the U.S. Chip Deal with China Dear Tesla Stock Fans, Mark Your Calendars for July 23 Robinhood Keeps Hitting New Highs. How Should You Play HOOD Stock Here? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For fiscal 2025, analysts expect the chocolate bar and candy maker to report an adjusted EPS of $5.81, down nearly 38% from $9.37 in fiscal 2024. However, adjusted EPS is projected to rebound, growing 4.1% year-over-year to $6.05 in fiscal 2026. Shares of HSY have declined 10.8% over the past 52 weeks, lagging behind both the S&P 500 Index's ($SPX) 13.6% surge and the Consumer Staples Select Sector SPDR Fund's (XLP) 3.8% return over the same period. Despite reporting better-than-expected Q1 2025 adjusted EPS of $2.09, Hershey shares fell marginally on May 1 due to a 31.9% year-over-year EPS decline and a 13.8% drop in net sales to $2.8 billion, missing the estimate. Additionally, volume headwinds from ERP-related inventory laps, holiday timing shifts, and reduced shipping days. Furthermore, management guided for a full-year adjusted EPS of $6 - $6.18, reflecting a mid-30% decline from 2024, adding to investor concerns. Analysts' consensus view on Hershey's stock is cautious, with a "Hold" rating overall. Among 22 analysts covering the stock, one recommends "Strong Buy," 16 suggest "Hold," one advises "Moderate Sell," and four "Strong Sells." As of writing, the stock is trading above the average analyst price target of $159.36. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Sun
4 days ago
- Entertainment
- The Sun
New dupes of classic 2000s sweets land on Sainsbury's shelves as shoppers scramble to stock up
SHOPPERS have spotted a dupe of an iconic noughties sweet on Sainsbury's shelves. Rowntree's Bursting Bugs first hit shelves back in 2000, with confectionery fans loving their creepy crawly shapes and gooey filling. 2 2 However, they didn't stick around for long, and were discontinued in around 2003, due to low sales. Despite their short time on supermarket shelves, the insect-shaped sweets have remained a nostalgic memory for many sweet treat fans, with a petition even started to bring them back. And now, snack fans have spotted a similar treat on the shelves at Sainsburys. Posting the Newfood's UK Facebook group, one excited snack lover said: "New Bugs & Beetles Sweets from Sainsburys!" Attached the post was a picture of the new Sainsbury's snacks which are a very similar shape to the Rowntrees sweets. The post was flooded with comments from shoppers excited about the discovery. One shopper, tagging a friend said: "OMG we need some of these. "They should be like them old squirty bugs Rowntrees made." Anotheer person said: " I remember these sweets back when I was a kid and they got discontinued!" Tagging a friend, a third person said: "Could they be as good as Bursting Bugs?!" Iconic 80s retro sweet RETURNS to UK supermarket shelves after a decade A fourth added: "I remember when Rowntrees used to make them." However, another shopper was left disappointed to find that the Sainsbury's sweets, which are priced at 75p, are not gooey inside, like the originals. Wham bar return This comes as eagle-eyed shoppers recently spotted that iconic 80s sweet, the Wham bar has returned to supermarket shelves, in an ice lolly version. Posting to the NewfoodsUK Facebook group, one shopper said: "Wham Ice Cream Lollies are back at Iceland Foods." How to save money on chocolate We all love a bit of chocolate from now and then, but you don't have to break the bank buying your favourite bar. Consumer reporter Sam Walker reveals how to cut costs... Go own brand - if you're not too fussed about flavour and just want to supplant your chocolate cravings, you'll save by going for the supermarket's own brand bars. Shop around - if you've spotted your favourite variety at the supermarket, make sure you check if it's cheaper elsewhere. Websites like let you compare prices on products across all the major chains to see if you're getting the best deal. Look out for yellow stickers - supermarket staff put yellow, and sometimes orange and red, stickers on to products to show they've been reduced. They usually do this if the product is coming to the end of its best-before date or the packaging is slightly damaged. Buy bigger bars - most of the time, but not always, chocolate is cheaper per 100g the larger the bar. So if you've got the appetite, and you were going to buy a hefty amount of chocolate anyway, you might as well go bigger. The sour raspberry flavoured ice cream lolly features "cosmic crystals" and has no artificial colours or flavours. The lollies are available exclusively at Iceland and a pack of four sweet treats costs just £2.50. Shoppers raced to the comments section of the Facebook post to share their excitement at the new lollies. One person said: "These sound amazing". A second person added: "I wonder if rockets are back too!"
Associated Press
14-07-2025
- Business
- Associated Press
How a Local Dubai Brand Conquered Major UK Airports: Le Damas Sweets Celebrates 1 Year of Its Dubai Chocolate
07/14/2025, Dubai, United Arab Emirates // PRODIGY: Feature Story // When Le Damas Sweets introduced its own Dubai Chocolate one year ago, this Dubai-based confectionery brand could have never predicted the growth and success that was about to unfold. Crafted in the heart of this Middle Eastern hub, Le Damas Dubai Chocolate combines Arabic tradition with a contemporary flair. It is that blend of local culture and expat vibrancy, enriched with a flavor that can't be resisted, that fueled this product's success story—from a small Dubai factory to a global sensation. When the Dubai Chocolate phenomenon first overtook the world, Le Damas joined this indulgent frenzy early on. But it was never merely about following trends; it was about elevating them. With this mindset, the product has grown rapidly and is available today across major airports worldwide. It's fair to say that Le Damas Sweets has conquered the UK. For instance, in partnership with Avolta, the leading global travel experience player, the brand has managed to launch at Heathrow Airport. This debut at the airport, along with its presence in Avolta's World Duty-Free stores at Terminals 3 and 5, including Manchester, Glasgow, Edinburgh, and Stansted, where the brand quickly gained traction among international travelers seeking unique, high-quality gifts. Beyond the island, the product can also be found across UAE airports in Dubai, Abu Dhabi, Jordan, and Sharjah, as well as in Cairo, Kuwait City, and Amman. What further propelled its expansion was Le Damas Sweets' social media finesse. By harnessing the power of social media stores, the company sold over 100,000 chocolates across TikTok Shop UK and is now ready to further its European expansion in Athens, Zurich, Milan, and Madrid later this year. Le Damas - Dubai Chocolate For this team of confectionery aficionados, meeting rising demand and scaling production wasn't challenging. An already established brand, Le Damas opened its local factory in 2014, refining it over the years to make processes more time- and cost-efficient. 'The growth that we achieved cannot be said without giving thanks to the UAE Government and the ease with which business can be conducted in Dubai,' says co-founder Saif Al Jaber. With operational capacity higher than many competing Dubai Chocolate brands, it comes as no surprise that Le Damas Sweets' impact is so tangible. Throughout this journey, the company has remained loyal to its commitment to quality. Despite the rising place of cheaper quality chocolate in the market, frequently utilized because of its lower cost, Le Damas produces Dubai Chocolate from the highest quality materials: the company enriches its product with ghee. With this, it elevates the flavor with nutty notes. It's important to note that Le Damas traces back as far as 1951 when a team of Syrian artisans created the brand in the heart of Damascus. When they moved to Dubai in 2014, they carried that legacy of taste, treats, and tradition forward. This is especially valuable since the Dubai Chocolate is unique because of Kunafa, a time-honored Arabic pastry dough. Looking into the future, Le Damas shares exciting plans for further expansions, starting with exciting news coming soon from Casablanca, Morocco. As Le Damas celebrates one year of impact and indulgence, Al Jaber shares: 'It all started from a single moment, from one decision to take a leap of faith. We already had a factory and thought, 'Why not give it a shot?' And I suppose, with a blend of quality, Arabic tradition, and vibrant packaging, we did everything right.' Media Contact Name: Emna Ben Email: [email protected]
Yahoo
14-07-2025
- Business
- Yahoo
A first look inside the new-look Haribo store in Clarks Village
SWEET TOOTH? Well, look no further, as a Haribo store in Street's Clarks Village has been given a new look. The Somerset sweet shop, known for selling confectionery that both "kids and grown-ups love", gets its new look alongside weeks of offers for customers. READ MORE: Three stores at Clarks Village in Street reveal new looks READ MORE: Haribo shop opening at Clarks Village, Street, Somerset Officially reopening on Friday, July 11, Haribo is offering the following offers to customers until Friday, July 31: Save 20% when you spend £20 Small Candles 3 for £10 There is also a Lucky Dip prize giveaway featuring tickets to various Merlin attractions across the UK, such as Alton Towers and Sealife. The newly improved store now features digital screens to showcase the latest news and joy from HARIBO. Haribo in Clarks Village, Somerset, has reopened with a new look. (Image: HUW JOHN, CARDIFF) A look inside the new-look Haribo shop. (Image: HUW JOHN, CARDIFF) Alongside this, shoppers can enjoy more exclusive international treats, gifts, merchandise and our famous 'Pick Your Mix' station. On the last weekend of the month, HARIBO's Goldbear will also be visiting the store to see for himself how customers are enjoying the new and improved experience. The Clarks Village refurbishment comes on the heels of a wave of exciting announcements from the HARIBO retail team, who opened their 11th store in Bluewater in February and also announced they will be opening HARIBO's first store in Scotland later this year. By investing in existing locations, such as Clarks Village, HARIBO is continuing to provide jobs in the local community and bring moments of joy to Somerset's shoppers. Reflecting on the successful reopening, Rebecca Fox, Head of Retail at HARIBO UK, said: "We were thrilled to see customers' delight and enjoyment as we welcomed them back into our newly transformed store. "Inspired by HARIBO's more recent stores, we want to keep pushing ourselves to make more moments of childlike happiness for our fans in Somerset and increase our investment into our retail stores." Chris Davis, Centre Director of Clarks Village, added: 'HARIBO is a firm favourite with our guests, and we're pleased to see its fantastic revamp as it continues to bring a sprinkle of sweetness to Clarks Village. "Guests to the outlet are in for a treat this summer thanks to a succession of store transformations such as HARIBO, new brands on the horizon, a stunning outdoor location with landscaped gardens, plus our brand-new Art & Putt mini golf course launching this summer.' The Haribo Goldbear will be present at the Somerset Haribo site from Friday, July 25 to Sunday, July 27.
Yahoo
10-07-2025
- Business
- Yahoo
Ferrero Buys WK Kellogg (KLG) for $3.1 Billion in Push Beyond Chocolate
Ferrero has agreed to acquire WK Kellogg (KLG, Financials) for $3.1 billion, marking the Italian confectionery giant's largest deal in years and signaling its serious move into the U.S. breakfast aisle. The $23-per-share offer represents a 31% premium; shares of WK Kellogg jumped more than 30% to $22.85 on Thursday. The deal, expected to close in the second half of 2025, will bring Froot Loops, Frosted Flakes, and Special K under the same roof as Nutella, Tic Tac, and Kinder. The acquisition gives Ferrero instant scale in the U.S. grocery market and much-needed diversification; cocoa prices hit record highs last year, pressuring chocolate-heavy brands. Ferrero, led by executive chairman Giovanni Ferrero, has been on an acquisition spree; it bought Nestle's U.S. candy unit in 2018 for $2.8 billion. The company generated 18.4 billion ($19.2 billion) in revenue last year and continues to invest heavily in manufacturing and product expansion. Michael Ashley Schulman of Running Point Capital Advisors said the deal offers Ferrero U.S. shelf space and an iconic brand portfolio at a relatively good price. Kellogg's spin-off Kellanova, formed alongside WK Kellogg in a 2023 split, is also in play; Mars is reportedly close to acquiring it in a separate $36 billion deal. This article first appeared on GuruFocus.
