Welcome to our dedicated page for The Hershey Company news (Ticker: HSY), a resource for investors and traders seeking the latest updates and insights on The Hershey Company stock.
The Hershey Company, headquartered in Hershey, PA, is a global leader in the confectionery industry, renowned for delivering delicious chocolate, sweets, mints, and other snacks. Hershey has a rich legacy of over 120 years, driven by its mission of bringing goodness to the world. The company employs approximately 18,000 people globally who are dedicated to producing high-quality products every day.
With an impressive portfolio of more than 100 brands, including iconic names such as Hershey's, Reese's, Kit Kat, Jolly Rancher, and Ice Breakers, Hershey generates over $10.4 billion in annual revenues. The company's products are available in about 80 countries, though a significant portion of its sales is concentrated in North America. Hershey continues to expand its footprint in international markets such as Brazil, India, and Mexico.
Hershey is not only focused on its core confectionery business but is also diversifying into other snack categories. This includes acquisitions like Amplify Snack Brands, known for SkinnyPop, Pirate Brands, and Dot's Pretzels. These strategic moves are part of Hershey's efforts to provide a broader range of products and cater to evolving consumer preferences.
Financially, Hershey has shown robust performance, with strong net sales growth and gross margin expansion. The company has reaffirmed its sales outlook for 2024, driven by innovation and strategic investments. Hershey's recent initiatives include expanding capacity, improving supply chain efficiencies, and increasing brand investment to boost market share and meet consumer demand.
Environmental sustainability is a key focus for Hershey. The company has committed to achieving deforestation-free supply chains for key ingredients by 2025, enhanced by satellite monitoring partnerships to ensure compliance. It also engages in reforestation and forest conservation efforts, particularly in regions like Ghana and Côte d'Ivoire, to promote biodiversity and reduce greenhouse gas emissions.
Hershey continues to uphold its commitment to ethical business practices, sustainability, and community support, embodying the values set forth by its founder, Milton Hershey. The company is dedicated to making a positive impact on both a local and global scale.
The Hershey Company (NYSE: HSY) has announced a transition from two reportable segments to three: North America Confectionery, North America Salty Snacks, and International. This reorganization aims to align its strong brands and markets, enhancing resource allocation and performance assessment. The changes come after December 2021 acquisitions of Dot's Pretzels, LLC and Pretzels Inc. Financial results reflecting these new segments will be provided starting with the fourth-quarter 2021 results announcement on February 3, 2022. Historical results remain unaffected.
The Hershey Company has announced the launch of two new KIT KAT® products: KIT KAT® Duos Strawberry + Dark Chocolate and KIT KAT® THiNS Chocolate Hazelnut. The Duos flavor combines strawberry and dark chocolate, inspired by chocolate-covered strawberries, and will be available in standard and king sizes. The THiNS Chocolate Hazelnut features a lighter version of the classic wafer with a new hazelnut flavor. Both products are set to become permanent items in the KIT KAT® lineup and are available at retailers nationwide.
The Hershey Company (NYSE:HSY) will announce its fourth-quarter sales and earnings results on February 3, 2022. Following the release, a conference call with analysts is scheduled for 8:30 a.m. ET on the same day. The call will be accessible via a live webcast on the Hershey corporate website. For more details, please visit the Hershey events page.
Hershey is launching new seasonal treats for Valentine's Day and Easter in 2022, featuring innovative products like Reese's Blossom-top Miniature Cups and Hershey's Kisses with vanilla frosting. Valentine's Day favorites such as Reese's Peanut Butter Hearts and Hershey's Kisses Meltaway Roses are returning. For Easter, the company introduces whimsical treats like Hershey's Cookies 'N' Creme Polka Dot Bunnies and Whoppers Bunny Tails.
These offerings highlight Hershey's commitment to creativity and seasonal engagement.
The Hershey Company has successfully finalized its acquisition of Dot's Pretzels and Pretzels Inc. for a total price of $1.2 billion, netting approximately $1 billion after anticipated tax benefits. This strategic move strengthens Hershey's position in the snacking sector by adding the fastest-growing pretzel brand, accounting for 55% of the pretzel category's growth over the past year. The integration will proceed in phases to foster growth in both brands.
The Hershey Company has launched a festive collaboration with Dr. Seuss's The Grinch for the holiday season. From November 30 to December 8, customers can engage in the '#GrinchKisses' sweepstakes on social media for a chance to win Hershey's Kisses chocolates featuring Grinch-themed foils. The limited-edition Kisses, with 10 unique candy foils, celebrate the beloved character's mischievous spirit. Hershey's Chocolate World locations will host special holiday decorations and activities throughout the season, emphasizing the partnership's aim to spread holiday cheer.
The Hershey Company has launched a new Reese's Thanksgiving Pie, touted as the largest Reese's Peanut Butter Cup ever sold, measuring 9 inches in diameter and weighing 3.25 pounds. Available for $44.99, there are only 3,000 pies, emphasizing exclusivity ahead of the holiday season. This offering combines the classic flavors of chocolate and peanut butter in a unique format designed to elevate Thanksgiving desserts. Hershey is known for its extensive portfolio with over 90 brands generating more than $8.1 billion in annual revenue.
The Hershey Company (NYSE: HSY) has announced a definitive agreement to acquire Dot's Pretzels LLC, a leading brand in the pretzel market, and Pretzels Inc., a co-manufacturer. The total acquisition cost is approximately $1.2 billion. Dot's Pretzels, which alone accounts for 55% of the pretzel category's growth, complements Hershey's salty snack portfolio and aims to boost its market presence. The acquisitions are expected to enhance manufacturing capabilities and are projected to be slightly accretive to earnings per share in 2023 and adjusted earnings per share in 2022.
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