Welcome to our dedicated page for Hershey Co news (Ticker: HSY), a resource for investors and traders seeking the latest updates and insights on Hershey Co stock.
The Hershey Company (NYSE: HSY) maintains its position as a global leader in confectionery and snack production through continuous innovation and strategic market leadership. This dedicated news hub provides investors and industry observers with essential updates about corporate developments, financial performance, and operational milestones.
Our curated collection features official press releases covering quarterly earnings, product launches, sustainability initiatives, and supply chain advancements. Users will find analysis of Hershey's brand portfolio expansions, including chocolate innovations and savory snack market entries, alongside updates on manufacturing capabilities and international distribution networks.
This resource is designed for tracking material developments in Hershey's confectionery operations, retail partnerships, and consumer engagement strategies. Regular updates ensure stakeholders stay informed about regulatory filings, leadership changes, and manufacturing innovations that impact the company's market position.
For comprehensive monitoring of HSY's business trajectory, bookmark this page for real-time updates on shareholder communications, production facility expansions, and category growth strategies within the competitive snack food sector.
TROY, Mich., May 24, 2021 /PRNewswire/ -- BetterInvesting Magazine has named The Hershey Co. (NYSE: HSY) as its 'Stock to Study' and General Motors Co. (NYSE: GM) as its 'Undervalued Stock' in the August 2021 issue. CEO Ken Zendel emphasized the importance of self-research in investment decisions as the economy stabilizes. The magazine provides educational resources to help investors assess these stocks. Interested investors can explore the August issue for deeper insights into Hershey and GM's potential.
The Hershey Company (NYSE: HSY) has announced the promotion of James Turoff to Senior Vice President, General Counsel and Secretary, effective immediately. Turoff has been with Hershey since 2014 and was serving as Acting General Counsel since December 2020. He will oversee the global legal, compliance, and corporate security teams, reporting directly to Chairman and CEO Michele Buck. Buck highlighted Turoff's extensive experience and trust within the leadership team as key assets as the company drives growth.
The Hershey Company (NYSE: HSY) has announced its definitive agreement to acquire Lily's, a rapidly growing better-for-you (BFY) confectionery brand known for low-sugar products. This strategic acquisition aims to enhance Hershey's portfolio, responding to consumer demand for healthier snacking options. Lily's products include chocolate bars, baking chips, and peanut butter cups. The deal will be financed using cash reserves and short-term borrowings, and is expected to be slightly accretive to earnings within the first year. Closing is anticipated in the coming months, pending regulatory approvals.
The Hershey Company (NYSE: HSY) announced a voluntary recall of a single lot of Hershey's Chocolate Shell Topping due to incorrect filling with Heath Shell Topping, which contains almonds. This affects approximately 1,700 bottles shipped nationwide between April 15 and May 3, 2021, bearing product code 25JSAS1. Consumers with almond allergies are at risk for severe reactions. No illnesses have been reported. The recall has been initiated with FDA cooperation, and consumers can seek refunds by contacting Hershey Consumer Relations.
The Hershey Company (NYSE: HSY) announced on April 27, 2021, that it will pay quarterly dividends of $0.804 for Common Stock and $0.731 for Class B Common Stock. These dividends are set to be distributed on June 15, 2021, to shareholders on record by May 21, 2021. This marks the company's 366th consecutive dividend for Common Stock and the 147th for Class B Common Stock, demonstrating a strong commitment to returning value to shareholders.
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.
