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The Hershey Company - HSY STOCK NEWS

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.

News

Hershey Raises Quarterly Dividends

Rhea-AI Summary
The Hershey Company (NYSE: HSY) has announced a 15% increase in quarterly dividends for both Common Stock and Class B Common Stock. The dividends of $1.370 and $1.245 per share, respectively, were declared on February 7, 2024, and are payable on March 15, 2024, to stockholders of record as of February 20, 2024. This marks the 376th consecutive regular dividend on the Common Stock and the 157th consecutive regular dividend on the Class B Common Stock.
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Hershey Reports Fourth-Quarter and Full-Year 2023 Financial Results; Provides 2024 Outlook

Rhea-AI Summary
The Hershey Company (NYSE: HSY) announced net sales and earnings for the fourth quarter and full-year ended December 31, 2023. The company reported consolidated net sales of $2,657.1 million for the fourth quarter, with an increase of 0.2%. For the full year, net sales increased by 7.2% to $11,165.0 million. The reported net income for the full year was $1,861.8 million, an increase of 13.8%. The company projects a net sales growth of 2% to 3% for 2024, driven primarily by net price realization. However, the reported earnings per share are expected to be relatively flat due to higher cocoa and sugar costs, as well as one-time expenses related to the Q2 ERP implementation and planned incremental cost savings initiatives.
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Hershey Webcast Presentation at 2024 CAGNY Conference

Rhea-AI Summary
The Hershey Company (HSY) will make a presentation at the 2024 Consumer Analyst Group of New York conference, with Chairman Michele G. Buck and CFO Steven E. Voskuil as speakers. The webcast will be available on the company's website.
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Reese's is Back in the Big Game with a New Spot

Rhea-AI Summary
The Hershey Company (HSY) announces Reese's brand will air a new commercial during the 'Big Game' to showcase its iconic peanut butter cups. With a 9.1% CAGR over the past four years, Reese's is the #1 candy brand in the US and can be found in over 80% of American households.
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Hershey to Webcast Fourth-Quarter Conference Call

Rhea-AI Summary
The Hershey Company (NYSE:HSY) will release its fourth-quarter sales and earnings results on February 8, 2024, and hold a conference call with analysts at 8:30 a.m. ET on that date. The company will host the conference call via a live webcast on the Hershey corporate website.
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New Hershey's Kisses Milk Chocolates with Snoopy & Friends Foils Inspire Sweet Connections this Valentines Day

Rhea-AI Summary
Hershey (HSY) introduces new and returning seasonal favorites for Valentine's Day, including Hershey's Kisses Milk Chocolates with Snoopy & Friends Foils and Heart Box, Cadbury Caramello Miniatures, Reese's Peanut Butter Cups Giant Heart Box, Hershey's Kisses Chocolate Dipped Strawberry Flavored candies, and Hershey's Milk Chocolate Hearts King-Sized Bar. The company aims to inspire sweet connections with all those cherished on Valentine's Day, with products available nationwide for a limited time starting January 2024.
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KIT KAT® Brand Debuts a New Bakery Inspired Treat: KIT KAT® Chocolate Frosted Donut Flavored Bar

Rhea-AI Summary
HERSHEY - KIT KAT® Chocolate Frosted Donut Flavored Bar: The KIT KAT® brand introduces a new bakery-inspired permanent flavor, the Chocolate Frosted Donut Flavored Bar, available in standard and king sizes nationwide. This sweet treat is designed to deliver the experience of biting into a fresh donut, with smooth milk chocolate layered delicately on top of donut flavored creme. The brand's latest innovation is perfect for pairing with coffee or enjoying as a delightful snack any time of day, aiming to bring the cozy season to consumers.
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Reese's Perfects Perfection with the First-Ever Reese's Caramel Big Cup

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Reese's (HSY) introduces game-changing Reese's Caramel Big Cup, adding caramel to the iconic peanut butter cup for the first time. Available in standard and king size packages nationwide starting November 17.
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Hershey Declares Quarterly Dividends

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The Hershey Company announces quarterly dividends on Common Stock and Class B Common Stock.
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Hershey Reports Third-Quarter 2023 Financial Results; Reaffirms 2023 Net Sales and Earnings Outlook

Rhea-AI Summary
The Hershey Company announces strong Q3 results with consolidated net sales increasing by 11.1% and reported net income increasing by 29.9%. The company reaffirms its 2023 net sales and earnings outlook. The North America Confectionery segment sees a net sales increase of 9.9% and the North America Salty Snacks segment sees a net sales increase of 25.5%.
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FAQ

What is the current stock price of The Hershey Company (HSY)?

The current stock price of The Hershey Company (HSY) is $153.57 as of January 21, 2025.

What is the market cap of The Hershey Company (HSY)?

The market cap of The Hershey Company (HSY) is approximately 31.3B.

What products does The Hershey Company produce?

The Hershey Company produces a wide range of confectionery products, including chocolates, sweets, mints, and snacks. Iconic brands include Hershey's, Reese's, Kit Kat, Jolly Rancher, and Ice Breakers.

Where is The Hershey Company headquartered?

The Hershey Company is headquartered in Hershey, Pennsylvania.

How many employees does Hershey have?

Hershey employs approximately 18,000 people globally.

What are some key markets for Hershey?

While Hershey's products are sold in about 80 countries, key markets include North America, Brazil, India, and Mexico.

What recent acquisitions has Hershey made?

Hershey has recently acquired Amplify Snack Brands, Pirate Brands, and Dot's Pretzels to expand its product portfolio beyond confectionery.

How is Hershey addressing environmental sustainability?

Hershey is committed to achieving deforestation-free supply chains for key ingredients by 2025 and is involved in reforestation and forest conservation efforts.

What financial outlook has Hershey provided for 2024?

Hershey has reaffirmed its sales growth and earnings outlook for 2024, driven by innovation and strategic investments.

How does Hershey support its communities?

Hershey supports communities through ethical business practices, sustainable initiatives, and by upholding the values established by its founder, Milton Hershey.

What role does innovation play at Hershey?

Innovation is central to Hershey's strategy, enabling it to introduce new products, enhance supply chain efficiencies, and meet evolving consumer preferences.

How important are international markets to Hershey?

International markets are increasingly important to Hershey, with a focus on expanding its presence in regions like Brazil, India, and Mexico.
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The Hershey Company

NYSE:HSY

HSY Rankings

#396 Ranked by Market Cap
#876 Ranked by Dividends

HSY Stock Data

31.32B
147.34M
0.25%
87.79%
3.68%
Confectioners
Sugar & Confectionery Products
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United States of America
HERSHEY