>>Hershey Says It Will Raise Prices This Year As Supply Costs increase
(Hershey, PA) -- The price of some of America's favorite candy like Reese's Peanut Butter Cups and Kit-Kats are going up, according to the CEO of Hershey. On Thursday, Michele Buck said the candy company is planning a list price increase across all segments despite seeing a ten percent net growth in sales last year. Buck said the move is in response to a rise in the cost of ingredients and labor as the company looks to hire more workers at competitive wages. Founded in 1984 by Milton Hershey, the company is the largest chocolate manufacturer in North America.