Many big candy makers are reporting rising sales and surprising profits even as manufacturers of other products are struggling to stay afloat. Cadbury reported a 30 percent rise in profits for 2008 while Nestle’s profits grew by 10.9 percent, according to public filings. Hershey, which struggled for much of 2008, saw profits jump by 8.5 percent in the fourth quarter.The same thing happened in the 1930s, says the article. No word on whether Liquor is Quicker.
Tuesday, March 24, 2009
Candy is Dandy
The New York Times today writes about the effect of economic bad times on the sale of candy-- see: When Economy Sours, Tootsie Rolls Soothe Souls. Candy is much more comforting than ordinary comfort food, evidently: