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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) reported strong financial results for Q1 2021, with net sales of $2.30 billion, a 12.7% increase year-over-year. Reported net income reached $395.8 million, or $1.90 per diluted share, marking a 47.3% increase. Adjusted EPS rose to $1.92, a 17.8% increase. The company raised its full-year sales growth outlook to 4%-6% from 2%-4% and expects EPS of $6.64-$6.86, up 9%-12% from 2020. Strong consumer mobility and increased market opportunities drove these positive changes, although rising input costs could impact margins.
The Hershey Company (NYSE: HSY) has announced two significant clean energy partnerships aimed at transitioning to renewable energy. The first project, a 20 MW solar farm in Camden, North Carolina, will reduce CO2 emissions by 32,025 metric tons annually. The second project involves a 50 MW solar power agreement with National Grid Renewables for the Noble Project in Texas, projected to lower CO2 emissions by approximately 83,625 metric tons per year. Together, these projects will decrease Hershey's carbon footprint by 115,650 metric tons annually, aligning with their goals to cut greenhouse gas emissions by over 50% by 2030.
The Hershey Company (NYSE: HSY) has appointed Horizon Media as the agency of record for its U.S. confectionary business. This decision follows a six-month review of all paid media strategies, which included various media forms. Importantly, the review did not encompass media for Hershey-owned Amplify Foods and ONE brands or its international markets. Horizon Media's New York office will handle the account, with the selection process guided by media consultancy ID Comms. Hershey aims to strengthen its media capabilities to adapt to the rapidly changing media landscape.
The Reese's brand announces the formation of the Ultimate Team in partnership with Olympic champions Michael Phelps, Katie Ledecky, and Caeleb Dressel as a promotion for the Tokyo 2020 Olympics. This campaign features the introduction of new Reese's Ultimate Peanut Butter Lovers Cups, which uniquely omit chocolate. Available in various sizes with retail prices ranging from $1.09 to $4.09, the limited-time offer aims to attract attention during the Olympic events. The initiative showcases Reese's commitment to supporting Team USA while enhancing brand visibility.
The Hershey Company (NYSE:HSY) will release its first-quarter sales and earnings results on April 29, 2021, at 7:00 a.m. ET. A conference call with analysts will follow at 8:30 a.m. ET on the same day. Investors can access the live webcast through the Hershey corporate website. For more details, please visit the Hershey Calendar of Events.
The TWIZZLERS brand, part of Hershey, is launching the first-ever TWIZZLERS Twists Mystery Flavor this spring, priced at $2.39 nationwide. This limited-edition flavor aims to engage consumers with a fun guessing game before the flavor is revealed in summer 2021. TWIZZLERS hopes to capture interest by associating the product launch with the intrigue of unsolved mysteries. The Hershey Company is recognized for its iconic brands and has generated over $8 billion in annual revenue, emphasizing its commitment to quality and community support.
Hershey's announced the winner of the 2021 Cadbury Bunny Tryouts: Betty the Australian White's Treefrog from Stuart, FL. Betty, the first amphibian and female winner, will star in the Cadbury Clucking Bunny Commercial airing this spring and receive a $5,000 cash prize. Over 12,000 entries were submitted this year, marking a record for the tryouts. Additionally, Cadbury is donating $15,000 to the ASPCA. The event emphasizes Hershey's commitment to community and animal welfare.
The Reese's brand is engaging with fans during March Madness through a Twitter giveaway featuring their new Reese's Big Cups with Pretzels. Starting March 18, 2021, fans can enter to win these treats by following, retweeting, and using specific hashtags. The promotion allows 1,200 fans to win during the tournament, which concludes April 5, 2021. Additionally, Reese's will distribute their new product in select college towns. The initiative aims to connect with fans while embracing the excitement and frustrations of the basketball season.
The Cadbury brand has announced the top 10 finalists for the 2021 Cadbury Bunny Tryouts, where voters will choose a pet to star in the Easter commercial. The competition received over 12,000 entries, with public voting open until March 17. The winner will be revealed on March 23 and will receive $5,000 along with the role in the commercial. Additionally, Cadbury is donating $15,000 to the ASPCA to support animal welfare. This year's contest marks a record number of entries, emphasizing the importance of pets during the past year.
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