BETR - Amplify Snack Brands, Inc.

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  • Reuterslast year

    Hershey trims sales, gross margin forecasts; shares hit near 2-yr low

    Chocolate maker Hershey Co on Thursday warned of a drop in gross margins due to rising freight and commodity costs, and guided full-year sales to the low end of a prior forecast. Hershey's shares fell as much as 2.3 percent to a near two-year low of $91.40. Hershey, like other U.S. food companies, has faced higher freight costs, as a dearth of drivers, new regulations and higher diesel prices make it expensive for haulers to transport products to stores.

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