Led by Harry & David’s 'Share More' digital campaign and a successful holiday season, revenue for 1-800-FLOWERS jumped 8.6% in the second fiscal quarter. The gifting company said it also gained nearly 12% more new customers.
Mintel has estimated the total US chocolate confectionery sales will have grown 15% since 2012 to reach $18.5bn in 2018, with trends like bite size, functional ingredients and premium driving the overall category growth.
Baking chocolate is a niche category that walks on a fine line between confections and bakery, but startup Artisan Kettle Organic Chocolate has found great opportunity in it and is ready to make its products prevail throughout the year.
Susquehanna International Group (SIG) said the robust chocolate industry will likely turn Hershey’s business around later this year even though the company is among ‘the worst performing CPG stocks in the last three months.’