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Yonhap Infomax NewsLotte Wellfood Co. reported a 45.8% year-on-year drop in Q2 operating profit, missing market expectations as higher cocoa prices and weak demand weighed on margins, though overseas sales rebounded and cost pressures are expected to ease in H2. <a href="https://mastodon.social/tags/YonhapInfomax" class="mention hashtag" rel="nofollow noopener" target="_blank">#YonhapInfomax</a> <a href="https://mastodon.social/tags/LotteWellfood" class="mention hashtag" rel="nofollow noopener" target="_blank">#LotteWellfood</a> <a href="https://mastodon.social/tags/OperatingProfit" class="mention hashtag" rel="nofollow noopener" target="_blank">#OperatingProfit</a> <a href="https://mastodon.social/tags/CocoaPrices" class="mention hashtag" rel="nofollow noopener" target="_blank">#CocoaPrices</a> <a href="https://mastodon.social/tags/Q2Earnings" class="mention hashtag" rel="nofollow noopener" target="_blank">#Q2Earnings</a> <a href="https://mastodon.social/tags/SalesGrowth" class="mention hashtag" rel="nofollow noopener" target="_blank">#SalesGrowth</a> <a href="https://mastodon.social/tags/Economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#Economics</a> <a href="https://mastodon.social/tags/FinancialMarkets" class="mention hashtag" rel="nofollow noopener" target="_blank">#FinancialMarkets</a> <a href="https://mastodon.social/tags/Banking" class="mention hashtag" rel="nofollow noopener" target="_blank">#Banking</a> <a href="https://mastodon.social/tags/Securities" class="mention hashtag" rel="nofollow noopener" target="_blank">#Securities</a> <a href="https://mastodon.social/tags/Bonds" class="mention hashtag" rel="nofollow noopener" target="_blank">#Bonds</a> <a href="https://mastodon.social/tags/StockMarket" class="mention hashtag" rel="nofollow noopener" target="_blank">#StockMarket</a> <a href="https://en.infomaxai.com/news/articleView.html?idxno=75637" rel="nofollow noopener" translate="no" target="_blank">https://en.infomaxai.com/news/articleView.html?idxno=75637</a>

ˈdälfən™🐬 💥 🌊/2Of ‘shrinkflation’ (which Hershey calls “price pack architecture”), the CEO said:“It’s not a direct price point increase, but rather, it’s kind of a combination of sizing and price, which can tend to offer perhaps a better value perception for consumers.”(🥴)(Omg it’s such utter nonsense and I have a degree in it lol)<a href="https://mstdn.social/tags/business" class="mention hashtag" rel="nofollow noopener" target="_blank">#business</a> <a href="https://mstdn.social/tags/prices" class="mention hashtag" rel="nofollow noopener" target="_blank">#prices</a> <a href="https://mstdn.social/tags/cocoaprices" class="mention hashtag" rel="nofollow noopener" target="_blank">#cocoaprices</a> <a href="https://mstdn.social/tags/Hershey" class="mention hashtag" rel="nofollow noopener" target="_blank">#Hershey</a> <a href="https://mstdn.social/tags/inflation" class="mention hashtag" rel="nofollow noopener" target="_blank">#inflation</a> <a href="https://mstdn.social/tags/shrinkflation" class="mention hashtag" rel="nofollow noopener" target="_blank">#shrinkflation</a>

Yonhap Infomax NewsHershey Co. is raising chocolate prices by over 10% as a direct response to unprecedented cocoa cost surges, with futures prices still more than double 2022 levels. <a href="https://mastodon.social/tags/YonhapInfomax" class="mention hashtag" rel="nofollow noopener" target="_blank">#YonhapInfomax</a> <a href="https://mastodon.social/tags/Hershey" class="mention hashtag" rel="nofollow noopener" target="_blank">#Hershey</a> <a href="https://mastodon.social/tags/CocoaPrices" class="mention hashtag" rel="nofollow noopener" target="_blank">#CocoaPrices</a> <a href="https://mastodon.social/tags/PriceIncrease" class="mention hashtag" rel="nofollow noopener" target="_blank">#PriceIncrease</a> <a href="https://mastodon.social/tags/Chocolate" class="mention hashtag" rel="nofollow noopener" target="_blank">#Chocolate</a> <a href="https://mastodon.social/tags/FuturesPrices" class="mention hashtag" rel="nofollow noopener" target="_blank">#FuturesPrices</a> <a href="https://mastodon.social/tags/Economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#Economics</a> <a href="https://mastodon.social/tags/FinancialMarkets" class="mention hashtag" rel="nofollow noopener" target="_blank">#FinancialMarkets</a> <a href="https://mastodon.social/tags/Banking" class="mention hashtag" rel="nofollow noopener" target="_blank">#Banking</a> <a href="https://mastodon.social/tags/Securities" class="mention hashtag" rel="nofollow noopener" target="_blank">#Securities</a> <a href="https://mastodon.social/tags/Bonds" class="mention hashtag" rel="nofollow noopener" target="_blank">#Bonds</a> <a href="https://mastodon.social/tags/StockMarket" class="mention hashtag" rel="nofollow noopener" target="_blank">#StockMarket</a> <a href="https://en.infomaxai.com/news/articleView.html?idxno=73343" rel="nofollow noopener" translate="no" target="_blank">https://en.infomaxai.com/news/articleView.html?idxno=73343</a>

EURACTIV AgrifoodBelgian chocolate masters brace for Valentine’s amid soaring cocoa prices <a href="https://www.euractiv.com/section/agriculture-food/news/belgian-chocolate-masters-brace-for-valentines-amid-soaring-cocoa-prices/?utm_source=mastodon&utm_medium=dlvr.it" rel="nofollow noopener" translate="no" target="_blank">https://www.euractiv.com/section/agriculture-food/news/belgian-chocolate-masters-brace-for-valentines-amid-soaring-cocoa-prices/?utm_source=mastodon&utm_medium=dlvr.it</a> <a href="https://eupolicy.social/tags/Chocolate" class="mention hashtag" rel="nofollow noopener" target="_blank">#Chocolate</a> <a href="https://eupolicy.social/tags/cocoaprices" class="mention hashtag" rel="nofollow noopener" target="_blank">#cocoaprices</a> <a href="https://eupolicy.social/tags/imports" class="mention hashtag" rel="nofollow noopener" target="_blank">#imports</a> <a href="https://eupolicy.social/tags/markets" class="mention hashtag" rel="nofollow noopener" target="_blank">#markets</a> <a href="https://eupolicy.social/tags/trade" class="mention hashtag" rel="nofollow noopener" target="_blank">#trade</a>

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