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BusinessQuiet 13d · day 14

Reich: Hershey's Profits Jumped 50% While Blaming Tariffs for Pricier Candy

Halloween candy prices rose over 15% as Hershey cited tariff costs, even as its profits surged and it pocketed a $9 million tariff refund.

newest coverage 13d agosummary written 13d ago3 pieces5.9k likes & upvotes179 comments NewswiresRedditBluesky

What to know

  • Halloween candy prices rose more than 15% from last year, driven in part by cocoa and sugar costs.
  • Hershey raised prices citing Trump's tariffs, yet its profits reportedly jumped 50%.
  • Hershey received a $9 million tariff refund that was not passed back to consumers, according to Reich.
  • The episode highlights a contested gap between cost-inflation framing and allegations of tariff-related profiteering.

Hershey Confectionery companyRobert ReichRobert Reich Economist and commentatorDonald TrumpDonald Trump President, architect of tariff policy

How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts

Peak 2 pieces in 4h at Oct 30, 12 PM; 3 pieces over 14 days (1 article · 2 posts) Oct 30, 12 PM — 2 pieces · 1 article · 1 post — Reddit 1, Newswires 1Oct 30, 4 PM — quietOct 30, 8 PM — quietOct 31, 12 AM — quietOct 31, 4 AM — quietOct 31, 8 AM — quietOct 31, 12 PM — 1 piece · 1 post — Bluesky 1Oct 31, 4 PM — quietOct 31, 8 PM — quietNov 1, 12 AM — quietNov 1, 3 AM — quietNov 1, 7 AM — quietNov 1, 11 AM — quietNov 1, 3 PM — quietNov 1, 7 PM — quietNov 1, 11 PM — quietNov 2, 3 AM — quietNov 2, 7 AM — quietNov 2, 11 AM — quietNov 2, 3 PM — quietNov 2, 7 PM — quietNov 2, 11 PM — quietNov 3, 3 AM — quietNov 3, 7 AM — quietNov 3, 11 AM — quietNov 3, 3 PM — quietNov 3, 7 PM — quietNov 3, 11 PM — quietNov 4, 3 AM — quietNov 4, 7 AM — quietNov 4, 11 AM — quietNov 4, 3 PM — quietNov 4, 7 PM — quietNov 4, 11 PM — quietNov 5, 3 AM — quietNov 5, 7 AM — quietNov 5, 11 AM — quietNov 5, 3 PM — quietNov 5, 7 PM — quietNov 5, 11 PM — quietNov 6, 3 AM — quietNov 6, 7 AM — quietNov 6, 11 AM — quietNov 6, 3 PM — quietNov 6, 7 PM — quietNov 6, 11 PM — quietNov 7, 3 AM — quietNov 7, 7 AM — quietNov 7, 11 AM — quietNov 7, 3 PM — quietNov 7, 7 PM — quietNov 7, 11 PM — quietNov 8, 3 AM — quietNov 8, 7 AM — quietNov 8, 11 AM — quietNov 8, 3 PM — quietNov 8, 7 PM — quietNov 8, 11 PM — quietNov 9, 3 AM — quietNov 9, 7 AM — quietNov 9, 11 AM — quietNov 9, 3 PM — quietNov 9, 7 PM — quietNov 9, 11 PM — quietNov 10, 3 AM — quietNov 10, 7 AM — quietNov 10, 11 AM — quietNov 10, 3 PM — quietNov 10, 7 PM — quietNov 10, 11 PM — quietNov 11, 3 AM — quietNov 11, 7 AM — quietNov 11, 11 AM — quietNov 11, 3 PM — quietNov 11, 7 PM — quietNov 11, 11 PM — quietYesterday, 3 AM — quietYesterday, 7 AM — quietYesterday, 11 AM — quietYesterday, 3 PM — quietYesterday, 7 PM — quietYesterday, 11 PM — quietToday, 3 AM — quietToday, 7 AM — quietToday, 11 AM — quietToday, 3 PM — quietToday, 7 PM — quiet 12
Oct 31Nov 2Nov 4Nov 6Nov 8Nov 10now · 10:05 PM ET
  1. 2

    Reich says Hershey's profits soared 50% despite tariff claims

    Robert Reich posted on Bluesky that Halloween candy prices jumped over 15% year over year, that Hershey's profits rose 50% after it raised prices citing Trump's tariffs, and that the company received a $9 million tariff refund it did not pass back to customers.

    “Hershey's alone saw its profits soar by 50%, after raising prices due to Trump's tariffs. The chocolate giant then pocketed a $9 million tariff refund instead of passing the savings back to customers.”
    — Robert Reich
    • rbreich.bsky.social

      Halloween candy prices have jumped over 15% from last year. Hershey’s alone saw its profits soar by 50%, after raising prices due to Trump’s tariffs. The chocolate giant then pocketed a $9 million tariff refund instead of passing the savings back to customers. Spooky.

      rbreich.bsky.socialBluesky13d ago5.9k▲view on Bluesky ↗
  2. 1

    CNBC reports cocoa and sugar costs pushing up candy prices

    CNBC reported that higher cocoa and sugar prices are fueling above-average cost inflation for Halloween candy, suggesting Hershey could feel the pinch on margins. The story was shared and discussed on reddit within the hour.

    “Higher cocoa and sugar prices are fueling above-average cost inflation for candy…”
    — CNBC
    1. 1 outlet Halloween gets pricier as chocolate costs climb — Hershey may feel the pinch

      first by CNBC, 14d ago