Chocolate is having a moment
Chocolate makers are reporting booming sales as stressed out customers reach for something sweet to take the edge off. In the third quarter, 2022, sales of Hershey’s (HSY) chocolates, which include Reese’s, Kit Kat and Hershey bars, jumped 12.6% in retail. Mondelez (MDLZ), the global snack brand that makes Toblerone, Cadbury and others, said its chocolate sales grew 9.3% in the quarter.