Archive | April, 2011

Hershey’s profit climbs as sales rise

30 Apr

Hershey Chocolate. Available to buy online from http://www.moolollybar.com.au. To go there just click on this photo!The Hershey Co. on Tuesday reported higher first-quarter net income as its sales increased thanks to new products and heavy advertising.

The chocolate-making icon credited the launch of Hershey’s Drops and Reese’s Minis, its expansion outside the U.S. and a 30 percent increase in ad spending.

Net income rose to $160 million, or 70 cents per share, compared with earned $147.4 million, or 64 cents per share, in the period a year earlier. Adjusted earnings were 72 cents per share, beating analysts’ expectations for 70 cents, according to FactSet.

Revenue increased 11 percent to $1.56 billion, beating analysts’ average forecast for $1.49 billion.

Like other companies, Hershey is facing higher costs for raw materials including sugar, fuel and packaging. Last month, it said it would pass those costs along to customers and raise prices by nearly 10 percent this year.

But Hershey stressed the rising cost of commodities less than other consumer companies that have reported their financial results this month; it said its cost cutting measures would help sustain its profit margin. Last year, Hershey rolled out a money-saving program it calls Project Next Century, which included laying off workers and ending production in the old factory that Milton Hershey built.

Still, the company will have to convince customers to keep buying chocolate, at a higher price, even as they spend more on gas and groceries. It will also have to keep prices low enough that customers aren’t driven to much-larger rivals Kraft Food Inc. and Mars Inc.

Hershey said Tuesday it will work with retailers to offer promotions and merchandising to keep customers buying even with the price increases.

Article posted by Spencer Samaroo, Managing Director, Moo-Lolly-Bar
The best online chocolate, lolly and confectionery store on the web!

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Source: Sify Finance

Buy Bulk American Chocolate online at Moo-Lolly-Bar Australia

 

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Mars Chocolate Launches Snickers Peanut Butter Squared

28 Apr

Mars Chocolate Launches Snickers Peanut Butter SquaredMars Chocolate announced the newest addition to its popular Snickers® bar line-up, the Snickers® Peanut Butter Squared.

The new variety of Snickers® still has the combination of peanuts, nougat, caramel and milk chocolate. Now it has been improved with the addition of another delicious treat, peanut butter.

Debra Sandler, the company’s chief consumer officer for North America, said that while they were still in the process of coming up with a new variety to the world’s best candy bar, they did some research about what types of treats most people love to eat. What came up was peanut butter and chocolate. This is when they came up with the idea of incorporating peanut butter into what has already been proven a success, the Snickers® bar. Thus, the birth of Snickers® Peanut Butter Squared.

Included in the promotion for the new product was the rolling out of a comprehensive and integrated marketing campaign. This marketing campaign included consumer promotion, television advertising, print advertising, online advertising, in-store advertising and a national campaign on public relations. Promotion of the product even includes a tagline which basically says that people will definitely love the combination of peanut butter and Snickers®.

Compared to the regular Snickers®, this new variety will come in small square-shaped sizes instead of the conventional rectangular size. Each singles pack has a net weight of 1.78 ounces and includes two square-shaped bars. The suggested retail price for this new Snickers® variety is $0.89. Mars’ Snickers® Peanut Butter Squared is now available at various food, convenience, mass and drug retail stores all over the country.

Article posted by Spencer Samaroo, Managing Director, Moo-Lolly-Bar
The best online chocolate, lolly and confectionery store on the web!

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Source: Grocery.Com

Buy Bulk American Chocolate online at Moo-Lolly-Bar Australia

 

MARS to invest $60M in new plant

8 Apr

Mars Bars. Available to buy online in Australia from http://www.moolollybar.com.au. To go there just click on this photo!Parent company MARS will invest $60 million over the next two years to install two new assembly lines for its M&Ms and Twix products and to expand an existing line for its newest candy, Pretzel M&Ms, at the Cleveland plant.

The expansion will include hiring 50 new employees at the MARS CHOCOLATE NA facility on Peerless Road, according to an announcement by Joe Burton, Cleveland plant manager who has held the position since January.

A native Tennesseean, Burton has returned to run one of the biggest companies in Bradley County.

“My job is ever-changing,” Burton said. “Every day is a new adventure. It’s fun and challenging. My goal is to help shape the future.”

The M&Ms, Twix and Pretzel M&Ms candies are existing products made at the facility. The plant also produces Three Musketeer candy bars.

Article posted by Spencer Samaroo, Managing Director, Moo-Lolly-Bar
The best online chocolate, lolly and confectionery store on the web!

If you like what you have read check out our updates on Facebook and Twitter.

Source: Cleveland Daily Banner

Buy Bulk American Chocolate online at Moo-Lolly-Bar Australia

 

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