While many of the chocolates produced by Hershey’s are certainly “scary good”, they will also be harder to find than the Invisible Man on store shelves this season.
According to Hershey’s CEO Michele Buck’s update on second-quarter earnings “We will not be able to fully meet consumer demand.”
The CEO went to say that “We had a strategy of prioritizing everyday on-shelf availability. That was a choice that we needed to make. It was a tough decision.”
Although the identified culprits appear to be supply chain issues and higher dairy costs (which can be traced back to the war in the Ukraine), Buck’s comments indicate that there will be Hershey’s candy in all shapes and sizes in stores during the Halloween season, but special packaging and Halloween-themed candy will not be produced this year.
Hershey’s hopes to get production up in coming years, but this Halloween they are opening the door to competitors to swoop down like a vampire bat and drink up their Halloween sales.
The 128-year-old company may not be that concerned, as they just upgraded their 2022 adjusted profit per share growth forecast to 12% to 14%, from 10% to 12%.
Stay tuned to Conskipper for all of your Halloween-related news as we get closer to the scariest season of the year.