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.
FULFIL Nutrition has launched new protein-focused products, including Protein Bites and an expanded bar lineup featuring Reese's Peanut Butter collaboration. The company introduced its BIGGEST Bar (55g) containing 20g of protein, 2g of sugar, and 3-4g net carbs, available in Chocolate Salted Caramel, Chocolate Peanut Caramel, and Chocolate Peanut Butter flavors.
The new Chocolate Peanut Butter Bar made with Reese's Peanut Butter comes in both 55g and 40g sizes, with the latter providing 15g of protein, 3g net carbs, and 1g sugar. The Protein Bites launch offers 7 bites per pouch with 16g protein, 3-4g sugar, and 4g net carbs, available in Chocolate Salted Caramel and Chocolate Peanut Caramel flavors.
Peloton instructor Cody Rigsby has partnered with FULFIL to promote these new products, which are now available on Amazon and retailers nationwide.
The Hershey Company (NYSE: HSY) has announced two key leadership appointments effective February 3, 2025. Andrew Archambault has been named President of U.S. Confection, joining from Keurig Dr Pepper, while Veronica Villasenor, a 22-year Hershey veteran, has been appointed President of Salty Snacks.
Archambault will oversee iconic brands including Hershey's, Reese's and Jolly Rancher. He brings extensive experience from KDP, where he served as President of U.S. Refreshment Beverages. Villasenor, previously Vice President of Salty Snacks, succeeds Kristen Riggs, who is departing after 20 years. Both executives will join Hershey's Executive Committee to advance the company's snacking powerhouse vision.
The Hershey Company (NYSE: HSY) announced that Michele Buck, Chairman of the Board, President and CEO, will retire on June 30, 2026. Buck will maintain her current roles until a successor is appointed, after which she will transition to a senior advisor role until retirement. The Board has formed a special committee to search for the next CEO, considering both external and internal candidates.
Buck, who will complete 20 years with Hershey, has been credited with expanding the company into broader snacking categories, driving international growth, and building advanced capabilities. Under her leadership, Hershey developed one of the strongest snacking portfolios in the industry.
The company has reaffirmed its full-year 2024 financial outlook and will provide its 2025 outlook during its February earnings release.
The Hershey Company (NYSE: HSY) has announced its upcoming fourth-quarter financial results release and conference call, scheduled for Thursday, February 6, 2025. The company will present its Q4 sales and earnings data, followed by an analyst conference call at 8:30 a.m. ET on the same day.
The event will be accessible through a live webcast on Hershey's corporate website, specifically in the 'Calendar of Events' section of their investor relations page. This announcement ensures transparency and provides investors and analysts with direct access to the company's financial performance discussion.
The Hershey Company (NYSE: HSY) announced that Michael Del Pozzo, President of U.S. Confection, will leave the company on December 12, 2024. CEO Michele Buck will temporarily lead the U.S. Confection Business while the company searches for a successor from both internal and external candidates. Del Pozzo is returning to PepsiCo to take on a new leadership role. During this interim period, Buck will work with the U.S. Confection leadership team to drive business growth and advance Hershey's Leading Snacking Powerhouse vision.
KIT KAT has launched its first-ever seasonal shape product, KIT KAT Santas, featuring an enhanced wafer-to-chocolate ratio and festive design with imprinted boots and a smile. The -edition treats will be available nationwide in 8.85oz snack size bags. In partnership with Simon Property Group, KIT KAT will distribute free Santa-shaped bars during Santa photo sessions on December 7-8 at select locations including Roosevelt Field Mall, Woodfield Mall, and Brea Mall.
The Hershey Company (NYSE: HSY) has acquired Sour Strips, a sour candy brand founded in 2019 by social media personality Maxx Chewning. The acquisition aims to enhance Hershey's presence in the sour candy category and expand its reach to new consumers. Sour Strips, known for its "sour candy that doesn't suck" tagline and strong social media presence, will continue to have Chewning leading its marketing and innovation efforts. The brand focuses on combining shockingly sour flavors with innovative branding to elevate the candy experience.
The Hershey Company's (NYSE: HSY) Board of Directors has announced its quarterly dividend distribution. Common Stock shareholders will receive $1.370 per share, while Class B Common Stock holders will get $1.245 per share. The dividends, declared on November 6, 2024, will be paid on December 16, 2024, to stockholders of record as of November 18, 2024. This marks Hershey's 379th consecutive regular dividend on Common Stock and 160th consecutive regular dividend on Class B Common Stock.
Hershey reported Q3 2024 financial results with consolidated net sales of $2,987.5 million, a 1.4% decrease. Net income was $446.3 million, or $2.20 per share-diluted, down 12.7%. The company reduced its full-year outlook, now expecting flat net sales growth (previously ~2%) and reported earnings per share decline of 9% to 6%. Gross margin decreased 360 basis points to 41.3%, primarily due to higher commodity costs and unfavorable input cost timing. The company faces challenges from historically high cocoa prices and a challenging consumer environment, focusing on driving top-line growth through store presence, portfolio expansion, and seasonal strength.
The Hershey Company has inaugurated three public primary schools in Côte d'Ivoire, including one new construction and two renovations. The project is part of a tripartite agreement with the country's National Oversight Committee (CNS) and the International Cocoa Initiative (ICI). This initiative is part of a larger commitment to build 12 primary schools (72 classrooms) by 2025 in cocoa-producing communities. The schools are located in Gly, in the Lôh-Djiboua region, and complement Hershey's broader efforts including the Income Accelerator program for cocoa farmers and environmental preservation initiatives in the Mabi-Yaya Nature Reserve.
