The Hanover-based snack company met Wall Street’s earnings-per-share target and achieved a total volume increase of more than 6%, despite a challenging consumer environment.
This move comes after Investment non-profit ShareAction criticised Nestlé for how it measures and reports sales from nutritious products.
Both ingredients are made from components that are Generally Recognized as Safe (GRAS), ensuring their readiness for the market.
Launched in 1963, Chips Ahoy! is currently the second-largest cookie brand in the U.S., following Oreo, which is also owned by Mondelēz.
The facility expansion will upgrade bakery operations and employee experience.