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Halloween gets pricier as chocolate costs climb — Hershey may feel the pinch

Americans expect to spend $13.5 billion on Halloween this year, up from last year's record $13.1 billion, according to the National Retail Federation, even as shoppers weigh affordability. Candy and chocolate prices are rising faster than broader food inflation: candy and chewing gum prices were up 7.7% in September from a year earlier, and Halloween chocolate dollar sales fell 7.2% through the nine weeks ended Oct. 17, per NIQ. Wells Fargo estimates chocolate prices will be about 8% higher than last Halloween, as much of the chocolate on shelves was made with cocoa bought six to 12 months earlier and falling cocoa prices have yet to reach stores. Hershey lowered its 2026 organic sales growth forecast to 3% from 3%-3.5%, and Jefferies analyst Scott Marks sees flattish organic growth in the fourth quarter.

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