Hershey Foods Increases Prices
HERSHEY, Pa. -- Hershey Foods Corp. announced that it is increasing the wholesale prices of approximately half of its domestic confectionery line.
A weighted average 5.8 percent increase on the company's standard bar, king-size bar, 6-pack and vending lines is effective immediately. During the eight-week period ending Feb. 14, 2005, however, existing customers may, based on their historic order patterns, order and take delivery of up to 12 weeks of inventory of these items at current prices.
A weighted average 4.1 percent increase on packaged chocolates will be effective Feb. 14, 2005. During the six-week period from Feb. 14 to March 28, 2005, however, customers may, based on their historic order patterns, order and take delivery of up to 10 weeks of inventory of these items at current prices.
The changes approximate a 3 percent price increase over Hershey's entire domestic product line and will help offset increases in areas of the company's input costs, including raw and packaging materials, fuel, utilities, transportation and employee benefits.
A weighted average 5.8 percent increase on the company's standard bar, king-size bar, 6-pack and vending lines is effective immediately. During the eight-week period ending Feb. 14, 2005, however, existing customers may, based on their historic order patterns, order and take delivery of up to 12 weeks of inventory of these items at current prices.
A weighted average 4.1 percent increase on packaged chocolates will be effective Feb. 14, 2005. During the six-week period from Feb. 14 to March 28, 2005, however, customers may, based on their historic order patterns, order and take delivery of up to 10 weeks of inventory of these items at current prices.
The changes approximate a 3 percent price increase over Hershey's entire domestic product line and will help offset increases in areas of the company's input costs, including raw and packaging materials, fuel, utilities, transportation and employee benefits.