See’s Candies expands in California, shouldering rising prices along the way (2024)

Did someone say candy?

Few names in California are as synonymous with chocolate-covered confections as See’s Candies.

The company has expanded its California footprint with recent store additions in Temecula and another in Bakersfield.

Established more than 100 years ago, the South San Francisco-based chocolate maker operates more than 240 candy shops across the U.S. and an e-commerce platform. See’s produces more than 26 million pounds of candy a year with many of its original creations still available today.

The privately held company’s success has not come without challenges. See’s leadership says it has shouldered price increases as a result of inflation and supply chain backups. But the company and chocolate makers nationwide are reporting booming sales as pandemic-weary customers reach for something sweet to take the edge off.

In the year through October 30, U.S. chocolate sales hit $17.7 billion, according to data from market research firm IRI, up from $14.6 billion for the year in 2019.

See’s, which is privately held, generates an annual income of about $410 million, according to zippia.com.

The company also faced adversity during the Great Depression when more than 12 million Americans were out of work.

See’s competitors were still selling their candy at 80¢ a pound during the economic downturn, forcing many to close their doors. Charles See wisely managed to reduce his prices without depleting the bottom line, charging only 42¢ a pound for pre-paid orders of more than 50 pounds.

See’s Candies expands in California, shouldering rising prices along the way (1)

We asked company President and CEO Pat Egan to talk about the company, why it has lasted so long and which chocolates are favorites among customers. His answers have been edited for space considerations.

  • See’s Candies expands in California, shouldering rising prices along the way (2)

    See’s molasses chips are in production at the company’s Los Angeles factory on Monday, Nov. 12, 2018. (File photo by Axel Koester, Contributing Photographer)

  • See’s Candies expands in California, shouldering rising prices along the way (3)

    Charles See opened the first See’s shop in 1921 at 135 Western Ave. North in Los Angeles. (Photo courtesy of See’s Candies)

  • See’s Candies expands in California, shouldering rising prices along the way (4)

    See’s produces more than 26 million pounds of candy a year, and many of its original creations are still made today, including peanut brittle, chocolate walnut fudge and Victoria toffee. (Photo courtesy of See’s Candies)

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Q: See’s Candies has a rich family legacy dating back to 1921. What do you attribute the company’s success and longevity to?

A: There are two things: Our team makes the best candy on planet. All of our candies are made with the finest and best ingredients with no preservatives added. And of course, we wouldn’t be here 101 years later if it weren’t for our customers. They are the reason we are so focused on making the highest quality candy and continue to innovate and expand to new locations. We love being part of their traditions and seeing multi-generational families come into shops together.

Q: Are you dealing with any supply chain issues, and if so, how has that impacted your operations?

A: Supply chain issues have affected us all in some way. We are proud to be an American-made company, with all of our candies produced right here in California, and most of our suppliers and growers are here, too. That said, we have definitely seen very large price increases for our ingredients, packaging, services … you name it. We only use the highest quality ingredients, so we stick by our suppliers.

Q: What are some of the candy favorites among See’s customers?

A: Across the board, fan favorites are the Dark Scotchmallow and Milk Bordeaux. Here in Temecula, local customers also really love Pecan Buds and Milk California Brittle, and Lollypops are a favorite wherever you go. I must admit…Temecula has great taste!

Q: Does See’s offer seasonal candies during the holiday season?

A: All of our holiday offerings are now available both in shops and online. We have a wide variety of holiday-themed chocolates and candies, including boxed chocolates and stocking stuffers to Hanukkah Gelt. Last holiday season, we introduced the Holiday Bordeaux, which features a classic brown sugar cream center bundled up in white chocolate and topped with red and green sprinkles. We’ve reintroduced this piece into our candy line as a “limited time sweet.”

About Pat Egan

Title: President and CEO

Organization: See’s Candies

Hometown: Born in San Francisco, but grew up in Oregon

Previous experience: He has 12 years of experience with Berkshire Hathaway brands, including NV Energy and Pacific Power.

Favorite job: “My favorite and most interesting previous job was as a U.S. Forest Service firefighter and sawyer. I got paid to travel around the west, fight fires, sleep under the stars and eat as much as I wanted. I worked closely with a crew that are still friends to this day. This was the late 80s, so fires were less dangerous and unpredictable. But I got to go to the great Yellowstone conflagration in 1988 for a few weeks.”

About See’s Candies

Founded by Charles See, who moved to Pasadena with his wife and widowed mother, Mary See, in 1919. Drawing upon the homemade recipes Mary whipped up in their Pasadena bungalow, Charles opened the first See’s shop in 1921 at 135 Western Ave. North in Los Angeles.

Candy making: The company, which has been owned by Warren Buffett’s Berkshire Hathaway Corp. since 1972, maintains kitchens at its South San Francisco headquarters and at its original factory in Los Angeles. It also has an office in Carson and a small lollypop-only plant in Burlingame.

See’s trivia: A 1951 episode of “I Love Lucy” depicts Lucy and Ethel scrambling to wrap candies as the chocolates spill faster and faster off the conveyor belt. Actors Lucille Ball and Vivian Vance got some actual training in how to dip and wrap chocolates at See’s LA kitchen before filming the scene on a recreated production line in Hollywood.

See’s Candies expands in California, shouldering rising prices along the way (2024)

FAQs

See’s Candies expands in California, shouldering rising prices along the way? ›

See's leadership says it has shouldered price increases as a result of inflation and supply chain backups. But the company and chocolate makers nationwide are reporting booming sales as pandemic-weary customers reach for something sweet to take the edge off.

Why is see's candy so expensive now? ›

Warm feelings and fierce loyalty have allowed See's to hike its prices from less than $2 a pound in 1972 — when Buffett bought the company for $25 million — to more than $20 today. Charging more has allowed the confectioner to generate more than $2 billion in pre-tax income for Berkshire over the years.

Does Jimmy Buffett own See's candy? ›

Hello, Berkshire Hathaway!

See's Candies became part of the Berkshire Hathaway family in January 1972, when Warren Buffett and Charlie Munger purchased the company. To this day, See's is one of Warren's favorite businesses!

Is see's candy a California thing? ›

Welcome to See's! Our first shop opened in 1921 at 135 Western Avenue North in Los Angeles, California.

What is Warren Buffett's favorite candy? ›

Warren Buffett's love for See's Candies is no secret. He first tasted our candy in 1971 and has since called See's a "dream business." Happily for him, it's also one that keeps him supplied with Peanut Brittle and Chocolate Walnut Fudge!

Why did Warren Buffett buy See's candy? ›

Rather than aggressively scaling See's, Buffett preferred to keep the operations small and charge a premium for quality. He recognised three distinct advantages in See's: A strong, built-in customer loyalty moat. Exceptional product quality that customers would accept price increases for.

Why is candy getting more expensive? ›

David Branch, vice president of Wells Fargo's Agri-Food Institute, believes that while the hike in sugar is a major factor behind candy inflation, it's not the sole driver. “The cost of ingredients is up by a lot, inflation is up and transportation costs are higher than they were two years ago.

What is so special about See's candy? ›

Only the finest and freshest ingredients were accepted in their candy kitchen, causing suppliers to coin the phrase "See's quality"—higher than "top quality." Thanks to Charles' passion and intelligence, See's not only survived the Great Depression and World War II, it thrived and continued to grow as a company.

Who bought out sees candy? ›

The company has been owned by Warren Buffett's Berkshire Hathaway Corporation since 1972. See's Candies Shops, Inc.

How long is see's candy good for? ›

We recommend storing chocolates at 60º to 70ºF and consuming within approximately 3–4 weeks after purchase. Other candies vary. How long will boxed chocolates last? Most of our candies are meant to be sold and consumed within 60–120 days of production, when the candy is at its peak flavor level.

What is similar to See's candy? ›

207 Customers rate See's Candies' Customer Service a 4/5, which ranks it 3rd against its competitors, below Godiva Chocolatier.
  • 1st. Trader Joe's. 4.2 / 5.
  • 2nd. Godiva Chocolatier. 4.1 / 5.
  • 3rd. See's Candies. 4 / 5.
  • 4th. Ghirardelli Chocolate. 3.6 / 5.
  • 5th. Edible Arrangements. 2 / 5.

What brand of chocolate does sees use? ›

See's uses Guittard Chocolate Company's chocolate as a base and it has several decades of experience over Hershey, being the oldest family-run chocolatier in California. Price is Hershey's only factor over See's.

Does sees use Ghirardelli chocolate? ›

Today, Ghirardelli is owned by the Swiss mass chocolate maker Lindt & Sprüngli AG. But Guittard remains family-owned and operated, the oldest of its kind in the country. They supply chocolatiers like Charles Chocolate, Recchiuti, and even See's Candy.

What is the slogan for See's candy? ›

You'll find over 100 varieties of delicious candy, chocolates, and seasonal gifts made with the same motto in mind: Quality Without Compromise®.

What is Warren Buffett's tip? ›

Buffett's most commonly cited financial advice is as follows, “Rule №1: Never lose money. Rule №2: Never forget rule №1.” So, before investing, determine whether you can lose the money you're investing in.

What was Warren Buffett's IQ? ›

Warren Buffett reportedly has an IQ of over 150 (anything past 140 is considered a genius), and while it has, no doubt, helped him become one of the world's richest men, the lesson here is to value emotional intelligence (EQ) just as highly.

Should I refrigerate See's candy? ›

What's the best way to store See's chocolates after I receive my order? We recommend storing chocolates at 60º to 70ºF and consuming within approximately 3–4 weeks after purchase.

Is sees considered good chocolate? ›

Our editorial team tasted our way through them all, and maybe—maybe—had a little too much chocolate (and learned that yes, there is such a thing, but even when we didn't love the flavor combinations, the See's chocolate is always stellar quality).

Does See's chocolate ever go on sale? ›

Does See's Candy go on sale? Yes. We have seen some big sales at See's Candies.

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