Hershey Announces Price Hikes

In an effort to offset higher costs for raw materials, fuel, utilities and transportation, The Hershey Company announced last month an increase in the wholesale prices on approximately one-third of its domestic confectionery line. A weighted average 13 percent increase on the company's standard bar, king-size bar, 6-pack and vending lines is in effect. During the four-week period ending February 24, 2008, existing customers may, based on their historic order patterns, order and take delivery of up to eight weeks of inventory of these items at current prices. The changes approximate a 3 percent price increase over Hershey's entire domestic product line.