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(Deborah Baic/The Globe and Mail)
(Deborah Baic/The Globe and Mail)

YIELD HOG

Hershey: A stock for chocolate - and dividend - lovers Add to ...

When Hershey Co. hiked prices by more than 10 per cent to offset rising ingredient costs, something unexpected happened: Candy lovers hardly blinked.

Hershey’s unit volumes slipped just half a percentage point as most people continued to feed their cravings for Almond Joy bars, Jolly Rancher candies and BreathSavers mints. Driven by the combination of higher prices and resilient demand, Hershey’s first-quarter sales and profit smashed expectations, sending the stock up sharply.

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