The price change will be a "low double-digit increase" and affect products across the company's confection portfolio, according to a Hershey spokesperson. Founded in 1894, the Pennsylvania-based company owns over 90 brands including Hershey Kisses, KitKat, Reese's and York.

The price changes will impact multiple products in Hershey’s portfolio that are made with chocolate. Among the items expected to increase in price are Hershey Kisses, KitKat, Reese’s and York Peppermint Patties. Hershey’s says price increases typically take around 90 days to take effect.

Hershey announced Wednesday it will raise U.S. retail prices later this fall due to the cost of cocoa remaining near record highs. Some of the company's products will see a price hike in the low double-digit percentages, while others will have a smaller pack size.