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.
The Hershey Company (NYSE: HSY) declared quarterly dividends of $0.804 on Common Stock and $0.731 on Class B Common Stock, payable on March 15, 2021. The dividend announcements mark the 365th consecutive dividend on Common Stock and the 146th for Class B shares, demonstrating the company's ongoing commitment to returning value to shareholders.
The Hershey Company (HSY) reported a strong performance in Q4 and full-year 2020 despite challenges, with net sales increasing 5.7% to $2,185.2 million in Q4 and 2.0% to $8,149.7 million for the year. Adjusted earnings per share for Q4 rose 16.4% to $1.49, contributing to a full-year EPS of $6.29, up 8.8%. The North America segment saw notable growth, while international sales decreased by 17.3% due to COVID-19 impacts. For 2021, Hershey anticipates sales growth of 2-4% and EPS growth of 6-8%, with sustained momentum in North America.
The Whatchamacallit brand, part of The Hershey Company, is launching the new Whozeewhatzit bar, which features a peanut butter crème layer with rice crisps, all covered in chocolate. Available in February 2021, the bar comes in two sizes: standard (1.5 oz, SRP $1.11) and king size (3 oz, SRP $1.66). This new product follows a fan-naming contest that received over 43,000 entries, with Lisa M. from Framingham, Mass., winning with her suggestion. The Hershey Company continues to deliver innovative snacks, and the Whozeewhatzit bar aims to captivate both new and existing customers.
The Hershey Company will announce its fourth-quarter sales and earnings results on February 4, 2021. A conference call with analysts is scheduled for 8:30 a.m. ET that day, which will be webcast live on the Hershey corporate website. For further details, viewers can visit the 'CALENDAR OF EVENTS' section of the website. This announcement continues Hershey's routine of transparency in financial reporting and provides insights crucial for investors and analysts.
Hershey announces new product launches for Valentine's Day and Easter 2021, featuring unique twists on classic offerings. Highlights include Hershey's Kisses milk chocolate Meltaway Roses, Reese's Mallow-Top Peanut Butter Cups, and themed products like Hershey's Bear and Bunny chocolates. The launches aim to capture consumer interest during holiday seasons while introducing returning favorites. These seasonal treats will be available nationwide for a limited time, reinforcing Hershey's commitment to innovation and quality in the confectionery market.
The Hershey Company (NYSE: HSY) announced the resignation of Damien Atkins, Senior Vice President and General Counsel, effective January 31, 2021, due to family illness. He will step down from his role immediately and focus on transitioning his responsibilities. James Turoff, Vice President and Deputy General Counsel, will act as General Counsel during the search for a successor. Atkins has been with Hershey since 2018 and played a significant role in legal and corporate governance. CEO Michele Buck recognized his contributions to the company's growth.
The Hershey Company (NYSE: HSY) announced a $1.5 million investment in the Thurgood Marshall College Fund (TMCF) to establish a scholarship endowment aimed at supporting students pursuing degrees in food science. The goal is to increase this endowment to $3 million over the next decade. This significant commitment marks the first time a company has established a scholarship endowment through TMCF, focusing on underrepresented populations. Hershey's ongoing partnership with TMCF underscores its commitment to diversity and education.
Hershey has announced the launch of a new festive treat, the Holiday Sugar Cookie Blossoms, combining a sugar cookie base with the recently introduced Hershey's Kisses Sugar Cookie candy. The cookie, inspired by Pennsylvania's baking traditions, aims to enhance holiday festivities and is one of over 25 variations in the Blossoms line. Brand manager Erin Crawford emphasized the ease of making these cookies, which can help create memorable holiday moments. For more recipes, Hershey invites customers to visit their website.
The Hershey Company (NYSE: HSY) announced its quarterly dividends of $0.804 for Common Stock and $0.731 for Class B Common Stock. These dividends will be payable on December 15, 2020, to stockholders on record as of November 20, 2020. This marks the 364th consecutive regular dividend for Common Stock and the 145th consecutive regular dividend for Class B Common Stock, reflecting the company’s ongoing commitment to returning value to shareholders.
The Hershey Company (NYSE: HSY) reported a strong third quarter ending September 27, 2020, with net sales reaching $2,219.8 million, up 4% year-over-year. The company achieved a 39% increase in net income to $447.3 million, resulting in diluted EPS of $2.14. Adjusted EPS rose 15.5% to $1.86. North America segment net sales grew 6.3%, driven by price realization and volume growth. However, international sales declined 14.4%. Hershey reinstated its full-year guidance, expecting reported net sales to rise around 1% and adjusted EPS in the range of $6.18 to $6.24 for 2020.
