Summary : Michele Buck, CEO of the Pennsylvania-based chocolate and sweets manufacturer, said the company faced “capacity constraints” on a quarterly earnings call with investors Thursday.
“Given many of our everyday and seasonal products are made on the same line, we have needed to balance production over the past several months to improve everyday on-shelf availability and build seasonal inventory at the same time” Buck said on Thursday’s call.
Hershey leadership told investors that the company was feeling the impacts of inflation, supply chain issues and shifting consumer behavior, despite reporting double-digit sales growth. Buck said Hershey prioritizes “everyday on shelf availability,” and had to make a “tough” decision in the spring, when Halloween candy production begins.
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