Hershey Warns Inflation May Hurt Halloween Sales
Hershey shares fell after the company lowered its annual sales growth target. Executives cited consumer pressures from inflation and high gas prices affecting candy purchases ahead of Halloween.
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HERSHEY CO warned on Thursday that consumer financial pressures could curb Halloween spending after its shares fell 1% following a trimmed organic sales target. The drop reflects broader inflation strains across the United States, where shoppers are budgeting more tightly for fuel and essentials. Last-minute holiday purchases will dictate whether sales hit targets as the season concludes.
