Welcome to our dedicated page for Hershey news (Ticker: HSY), a resource for investors and traders seeking the latest updates and insights on Hershey stock.
The Hershey Company reports recurring developments as a NYSE-listed snacks company with a portfolio spanning confectionery, salty snacks and protein-focused products. Its brands include Hershey's, Reese's, Kisses, KIT KAT, Jolly Rancher, Twizzlers, Ice Breakers, SkinnyPop, LesserEvil, Pirate's Booty, Dot's Homestyle Pretzels, ONE Brands and Fulfil.
Company news commonly covers quarterly sales and earnings, full-year outlook updates, dividend declarations on Common Stock and Class B Common Stock, investor day presentations and conference appearances. Product announcements also track limited-time candy launches, brand partnerships and merchandising activity across Hershey's core chocolate, sweets, salty-snack and functional-snacking categories.
Hershey (NYSE: HSY) has released its 2023 Environmental, Social, and Governance (ESG) Report, detailing progress and future ambitions across six sustainability priorities: cocoa, responsible sourcing, environment, people, youth, and community. Key achievements include the launch of the Hershey Income Accelerator Program, investments in children's education, and a new human rights framework. Hershey also reported significant strides in climate action, achieving a 43% reduction in Scope 1 and 2 greenhouse gas emissions since 2018, and reducing packaging waste by over 1.7 million pounds in 2023. Additionally, Hershey has made efforts to foster workplace innovation and growth, including a new leadership development program and initiatives to increase veteran hiring. The company aims to drive long-term business resilience and sustainability through these actions.
The Hershey Company celebrates women in manufacturing, highlighting their important roles from entry-level to leadership positions. Across the U.S., women represent about one-third of the manufacturing workforce, with Hershey actively promoting gender diversity. Nicole Henderson, Megan Isais, and Mary Leslie share their experiences, emphasizing the importance of mentorship, work-life balance, and the rewarding nature of manufacturing careers. Additionally, Hershey India achieved a significant milestone by integrating 100 women into its Mandideep plant within a year. Hershey remains committed to fostering an inclusive and empowering workplace.
Hershey has expanded its partnership with Earthworm Foundation and Airbus to achieve No-Deforestation Verification for its key ingredients and materials by the end of 2025. This initiative uses Starling, a satellite monitoring solution, to ensure real-time deforestation tracking and action. Hershey's updated policy aligns with the Science Based Targets initiative to reduce value chain emissions by 25% by 2030. The company is also investing in forest conservation and reforestation projects in Ghana, Côte d'Ivoire, and Indonesia, along with tree-planting partnerships in the U.S. and Mexico. These efforts aim to protect biodiversity, support local communities, and enhance the company's sustainability.
The Hershey Company (NYSE: HSY) has been honored as a 2024 recipient of The Civic 50, a recognition of the top community-minded companies in the U.S. by Points of Light. Hershey secured the Consumer Staples leader title for the third consecutive year and received the Volunteer Leader Award for its exceptional volunteer culture and civic engagement.
In 2023, Hershey employees volunteered nearly 130,000 hours and raised over $1.6 million in matched giving. The company's community support spans education, workforce development, inclusive economic growth, and youth programs. The Civic 50 honors corporations with annual U.S. revenues of at least $1 billion, evaluating them on resource investment, volunteerism, business integration, policies, and impact measurement.
Hershey has been featured in The Civic 50 since its inception in 2012.
The KIT KAT® brand has introduced a new -edition flavor, KIT KAT® Pink Lemonade Flavored Bar, launching on May 17, 2024. This new variant combines the classic KIT KAT® wafer with a pink lemonade flavored creme that includes hints of strawberry. Targeting Gen Z and Millennials, the flavor aims to evoke a summer feeling and cater to the 93% of this demographic who prefer Pink Lemonade treats. Available in standard and king sizes, this addition continues KIT KAT's tradition of innovative flavors, joining variants like Chocolate Frosted Donut and Mint + Dark Chocolate.
The Hershey Company (NYSE: HSY) has achieved the number one spot on Fair360's 2024 Top 50 Companies list, unveiled at The Glasshouse in New York City. This list highlights companies excelling in fairness, diversity, and inclusion within their talent strategies and workplace practices. Hershey was particularly recognized for its Pathways framework, a 5-year plan to foster belonging in the workplace and community. The survey, involving 160 employers with 7.3 million U.S. employees, evaluated leadership accountability, human capital diversity, talent programs, workplace practices, supplier diversity, and philanthropy. The Hershey Company's commitment to these areas underscores its priority on inclusive programs supporting career advancement and development for all employees.
The Hershey Company (NYSE: HSY) has been recognized as a 2024 honoree of The Civic 50, an annual survey by Points of Light that highlights the top community-minded companies in the U.S. Hershey was also named the Consumer Staples leader for the third consecutive year and received the Volunteer Leader Award for prioritizing volunteerism. Highlights include Hershey employees volunteering nearly 130,000 hours and raising over $1.6 million in matched giving in 2023. Hershey’s community programs focus on education, workforce development, inclusive economic progress, and youth well-being. The Civic 50 survey evaluates companies based on their resource investment, volunteerism, and social impact initiatives.
The Hershey Company (NYSE: HSY) declared quarterly dividends of $1.370 on Common Stock and $1.245 on Class B Common Stock. The dividends are payable on June 14, 2024, to stockholders as of May 17, 2024. This marks the 377th consecutive regular dividend on Common Stock and the 158th consecutive regular dividend on Class B Common Stock.
The Hershey Company reported strong financial results for the first quarter of 2024, with a significant increase in net sales and earnings. The company reaffirmed its outlook for the full year 2024, emphasizing growth strategies and financial commitments. Investments in innovation, marketing, and efficiency have driven consumer engagement and market share performance. Despite recent business volatility, Hershey remains focused on long-term growth and value creation.
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