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Sheetz to Raise Prices on Hershey Candy Sept. 17 After Supplier Hike

Cocoa shortages in West Africa have pushed costs higher for manufacturers.

Overview

  • Sheetz confirmed the increases will take effect at all locations on Sept. 17.
  • Store notices cite a 26% rise on certain king-size and regular Hershey bars, including Reese's, Hershey's, Kit-Kat and PayDay.
  • The change applies only to Hershey-branded items, with no impact on other products.
  • Hershey told retailers in July to expect price hikes described as low double digits.
  • Company statements and reporting tie the move to soaring cocoa costs linked to weather and crop disease in Ghana and Ivory Coast, with FactSet showing futures jumped 178% in 2024 after a 61% rise in 2023.