UNITED STATES

Hershey says it won’t be able to meet Halloween demand this year

Jul 29, 2022, 2:00 PM | Updated: Aug 2, 2022, 10:20 am
Halloween candy is stocked on shelves at a store. Hershey candy may be sparse...
Halloween candy and decorations are displayed at a store, Wednesday, Sept. 23, 2020, in Freeport, Maine. U.S. sales of In this year of the pandemic, with trick-or-treating still an uncertainty, Halloween candy were up 13% over last year in the month ending Sept. 6, according to data from market research firm IRI and the National Confectioners Association. (AP Photo/Robert F. Bukaty)
(AP Photo/Robert F. Bukaty)

Despite growth in sales, the Hershey Company expects it will not meet demands for Halloween or holiday candy this year.

The news came as Hershey Company CEO and Chairman Michele Buck presented the company’s earnings report on Thursday.

Buck explained that Hershey’s holiday products are mostly made on the same production line as their everyday products. The company will prioritize keeping up with its everyday products this year instead of meeting holiday demands.

“We have needed to balance production over the past several months to improve everyday on-shelf availability and build seasonal inventory at the same time,” Buck said.

Buck went on to explain that by next year, inventory should be more balanced and Hershey should be able to meet both holiday and everyday demands in 2023.

The candy company said it has already been taking steps to improve production, like investing in its supply chain.

Related stories

Today’s Top Stories

United States

student loan ITT Tech...
Katie Lobosco, CNN

President cancels nearly $4 billion in student loan debt connected to ITT Tech students

The move impacts 208,000 students who took a loan to attended the now-defunct for-profit ITT Technical Institute between 2005 and 2016.
2 days ago
FDA hearing aids...
Chris Jacobs

The FDA will implement new rule for hearing aids

The new FDA rule allows pharmacies and drugstores to sell hearing aids over-the-counter, and could drastically drop the cost of hearing aids.
2 days ago
FILE:  Satellite view of Lake Powell in Utah, in April, 2022. (Gallo Images/Orbital Horizon/Coperni...
Ella Nilsen and Rachel Ramirez, CNN

Colorado River falls into Tier 2 shortage, new cuts coming for Southwest

The federal government is implementing new mandatory water cuts and asking states to devise a plan to save the river basin.
2 days ago
Jill biden pictured. she tested positive for covid-19...
Betsy Klein, CNN

First lady Dr. Jill Biden tests positive for Covid-19

First lady Dr. Jill Biden has tested positive for Covid-19. She is experiencing mild symptoms.
2 days ago
FILE - Vice Chair Liz Cheney, R-Wyo., speaks as the House select committee investigating the Jan. 6...
STEVE PEOPLES and MEAD GRUVER Associated Press

Cheney braces for loss, as Trump-backed challenger tested in Wyoming

So far, the former president has largely dominated the fight to shape the GOP in his image, having helped install loyalists in key general election matchups from Arizona to Georgia to Pennsylvania.
2 days ago
FILE - In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq M...
Rishi Iyengar, CNN Business

How to make sure your private messages stay private

Facebook still lacks end-to-end encryption in its messaging service, but there are a few things you can do to feel safer.
2 days ago

Sponsored Articles

Hershey says it won’t be able to meet Halloween demand this year