Thursday, May 10, 2007

Hershey cuts 2007 earnings forecast

Hershey cuts 2007 earnings forecast (Reuters)

Hershey chocolates are displayed at a market in Seoul, January 29, 2007. Chocolate maker Hershey Co. lowered its earnings growth outlook for fiscal 2007, citing higher dairy input costs. (Lee Jae-Won/Reuters)Reuters - Chocolate maker Hershey Co. on Thursday lowered its 2007 earnings forecast as higher dairy costs put additional pressure on a company that is spending more money on marketing and on new products such as dark chocolate bars.


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