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 plans to release its third-quarter sales and earnings results on Thursday, November 7, 2024. The company will also hold a conference call with analysts at 8:30 a.m. ET on the same day. Hershey will host the conference call via a live webcast on their corporate website.
Interested parties can access the webcast details by visiting the 'CALENDAR OF EVENTS' section on the Hershey investor relations website. The company has provided a direct link for easy access to the webcast information. This announcement allows investors and analysts to prepare for the upcoming financial disclosure and discussion of Hershey's performance in the third quarter of 2024.
Jolly Rancher, a brand under The Hershey Company (HSY), has launched a new product line called Jolly Rancher Ropes. These chewy treats offer a dual-flavor experience, combining two iconic Jolly Rancher flavors in each rope. Available in two flavor combinations - Green Apple + Watermelon and Blue Raspberry + Cherry - the ropes feature flavored filling and outer layers for maximum taste impact.
The new product aims to appeal to younger consumers and expand Jolly Rancher's market presence. Jolly Rancher Ropes are now available nationwide in 6 and 10 oz bags at retailers and online. This launch represents Hershey's efforts to innovate within its existing brand portfolio and potentially drive sales growth in the candy segment.
Ice Breakers, a brand under The Hershey Company (HSY), has launched a new product called Ice Breakers Flavor Shifters. This innovative gum changes flavors as you chew, offering a unique sensory experience. Available in two variants - Wild Berry to Coolmint and Wintergreen to Coolmint - the gum aims to provide a refreshing twist for consumers seeking stimulation throughout the day.
To promote the launch, Ice Breakers is partnering with three viral creators on TikTok and Instagram. The new product comes as the gum category experiences growth, and consumers look for new sensorial experiences in their gum choices. Ice Breakers Flavor Shifters are now available at retailers nationwide, expanding the Ice Breakers product lineup.
The Hershey Company (NYSE: HSY) has appointed Michael Del Pozzo as President of U.S. Confection, effective September 16. Del Pozzo brings 23 years of experience from PepsiCo, where he most recently led Gatorade's $10 billion business. He will join Hershey's Executive Committee and work alongside the leaders of Salty Snacks and International divisions to advance the company's strategic goals.
Del Pozzo succeeds Charles Raup, who is retiring after 15 years with Hershey. CEO Michele Buck praised Del Pozzo's consumer insights, customer relationships, and track record of delivering results, stating he is ideally positioned to guide the U.S. Confection business through its next chapter and advance Hershey's Leading Snacking Powerhouse vision.
Hershey has strengthened its youth development initiatives through two social impact campaigns, collaborating with nonprofit partners to empower young people. The company supported Girls on the Run and Girl Up, sponsoring 5K races and providing mentors for an alumnae program. Hershey also expanded its partnership with Memphis Music Initiative for KIT KAT's Black Music Month campaign, involving five additional creative youth development nonprofits across the U.S.
The campaign celebrated young Black creatives, connected organizations, and formed a national youth advisory council. Participating organizations included We Are Culture Creators, DC Strings, Urban Word, The Harmony Project, and Trombone Shorty Foundation. These initiatives aim to provide young people with skills for success and create meaningful collaborations that showcase their talents.
Reese's and basketball star Angel Reese have teamed up for a fan-inspired merchandise collection. The collaboration, launched on August 21, 2024, features three exclusive drops:
- Angel Reese x Reese's Pieces Logo Collection
- Angel Reese x Reese's Basketball Jersey
- Angel Reese x Reese's Cup Logo Collection
The -edition items will be available exclusively at www.theangelreese.com. This partnership, designed with Athlete Studio, aims to celebrate fans and showcase Angel Reese's unique style combined with Reese's iconic branding. The collection includes custom logos, jerseys, and various apparel items inspired by fan requests and Angel's nickname, 'The Queen'.
Hershey's Cocoa For Good program supports Village Savings and Loan Associations (VSLAs) in Côte d'Ivoire, helping local businesses grow. The PR highlights the success story of Madame Coulibaly, who joined a VSLA in 2020 and used loans up to $1,000 to expand her shop and start a profitable poultry business. VSLAs, championed by international organizations, aim to raise incomes in rural areas where formal banking is scarce.
In 2023, CARE assessed 298 VSLAs in Hershey's supply chain, identifying 200 as functioning effectively and suitable for further capability building. These initiatives support household savings, access to finance, and entrepreneurial skills, particularly benefiting women and their families.
Hershey is investing in education infrastructure in West African cocoa-growing communities, continuing its 130-year commitment to children's education. The company is funding the construction of 12 new schools in Côte d'Ivoire, including one in Ozékro village. Hershey has partnered with the Child Learning and Education Facility (CLEF), a public-private coalition aiming to build 2,500 classrooms, train teachers, and improve literacy for 5 million primary school children.
The company's efforts extend beyond classroom construction to include canteens, water wells, latrines, and teacher training. These initiatives align with Côte d'Ivoire's National Strategy for Sustainable Cocoa and Hershey's Income Accelerator program, reflecting a commitment to a sustainable cocoa supply chain and improved livelihoods for cocoa farming families.
The Hershey Company (HSY) has unveiled its Halloween 2024 product lineup, featuring new and returning treats. Key highlights include:
1. New products: Kit Kat® Ghost Toast (cinnamon toast flavored), Reese's Werewolf Tracks (vanilla-flavored creme, milk chocolate, and peanut butter), Hershey's Milk Chocolate Harry Potter™ Bar Snack Size, and Twizzlers Ghosts.
2. Returning favorites: Reese's Pumpkins, Reese's Skeletons, Hershey's Harry Potter™-inspired chocolates, and assorted Halloween-themed products.
3. Expanded offerings: Halloween-themed SkinnyPop and Pirate's Booty snacks, catering to the growing demand for salty snacks during Halloween.
The company aims to maintain its leadership in Halloween festivities with this diverse product range, available in various sizes and formats.
The Hershey Company (NYSE: HSY) has announced its latest quarterly dividends. The Board of Directors declared dividends of $1.370 per share on Common Stock and $1.245 per share on Class B Common Stock. These dividends were declared on July 31, 2024, and will be payable on September 16, 2024, to stockholders of record as of August 16, 2024.
This marks the 378th consecutive regular dividend on Common Stock and the 159th consecutive regular dividend on Class B Common Stock, highlighting Hershey's long-standing commitment to returning value to shareholders. The consistency in dividend payments underscores the company's financial stability and shareholder-friendly policies.
FAQ
What is the current stock price of The Hershey Company (HSY)?
What is the market cap of The Hershey Company (HSY)?
What products does The Hershey Company produce?
Where is The Hershey Company headquartered?
How many employees does Hershey have?
What are some key markets for Hershey?
What recent acquisitions has Hershey made?
How is Hershey addressing environmental sustainability?
What financial outlook has Hershey provided for 2024?
How does Hershey support its communities?
What role does innovation play at Hershey?
How important are international markets to Hershey?
