Hershey Co Stock Price, News & Analysis

The Hershey Company (NYSE: HSY) announced quarterly dividends of $1.036 on Common Stock and $0.942 on Class B Common Stock. These dividends were declared on November 2, 2022, and are payable on December 15, 2022, to stockholders of record as of November 18, 2022. This marks the 372nd consecutive regular dividend on Common Stock and the 153rd for Class B Common Stock, showcasing the company's commitment to returning value to shareholders.

The Hershey Company (NYSE: HSY) reported a strong third quarter for 2022, achieving consolidated net sales of $2,728.2 million, a 15.6% increase year-over-year. Organic, constant currency sales rose 11.8%. Despite a 9.3% decline in reported net income to $399.5 million and a decrease in earnings per share to $1.94, adjusted earnings per share grew 3.3% to $2.17. The company raised its full-year sales and EPS outlook due to robust consumer demand and pricing strategies. Gross margins declined due to inflation and increased operational costs.

This Halloween, KIT KAT® introduces the first-ever Never-Ending Trick-or-Treat Bowl, designed to keep the candy flowing for eager trick-or-treaters. Located in Salem, MA, the bowl magically refills with KIT KAT® Bars, eliminating the disappointment of 'Please Take One' signs. Alex Herzog, associate brand manager, highlights the initiative as a way to bring more joy to Halloween. Fans are encouraged to share their hometown's Halloween charm on social media with a chance for the bowl to appear in their community.

The Hershey Company announced a new 'Future CEO' program on October 11, 2022, to celebrate International Day of the Girl Child and empower young women. This initiative, in partnership with Girl Up and Girls on the Run, aims to provide mentorship and support for girls aspiring to be leaders. The program will feature 10 participants from various countries, receiving scholarships and hands-on education in leadership. Hershey emphasizes its commitment to gender equity, with 48% of its workforce being women, and aims to inspire the next generation of female leaders.

Reese's University has signed 12 college football players with the last name 'Reese' to a unique NIL deal this season, featuring exclusive perks like custom gear and Reese's Football snacks. The program aims to enhance brand visibility among fans and celebrate the football season. Players will receive personalized items such as a mini locker fridge and custom blazers. Reese's Footballs are now available nationwide as a limited-time snack, tying into college football culture and Team Reese's social media engagement.

The Hershey Company (NYSE:HSY) will announce its third-quarter sales and earnings results on November 4, 2022. A conference call for analysts is scheduled for 8:30 a.m. ET on the same day, which will be accessible via a live webcast on the Hershey corporate website. Interested parties can find more information by navigating to the 'CALENDAR OF EVENTS' section. For direct access, please click here.

The Hershey Company has announced the launch of Reese's Big Cup Stuffed with Reese's Puffs cereal, set to hit stores nationwide in November 2022. This innovative product combines the classic flavors of Reese's chocolate and peanut butter with the popular Reese's Puffs cereal, creating a unique snacking experience. Senior associate brand manager Henry Hancock stated the collaboration elevates the Reese's fandom to a new level. With over $8.9 billion in annual revenue, Hershey continues to expand its portfolio, appealing to chocolate lovers and opening avenues for further product innovations.

The Hershey Company (NYSE: HSY) has appointed Marlene Creighton as the new Global Chief Sales Officer, effective September 5, 2022. She succeeds Phil Stanley, who served in the role for 26 years. Creighton, who has over 20 years of experience in consumer packaged goods, aims to enhance relationships with retail partners and drive growth. Hershey, known for its iconic brands and snacks, generates over $8.9 billion in annual revenue, employing approximately 19,000 people worldwide.

The Hershey Company (NYSE: HSY) has received the prestigious Great Place to Work Certification™ for its U.S. operations, reflecting the positive feedback from its employees. Key strengths identified include justice, pride, and leadership. This certification, based on employee surveys, underscores Hershey's commitment to fostering a positive work environment. Initiatives include increased parental leave to 20 weeks in 2023 and an enterprise-wide career development program launched in 2022. The company emphasizes inclusivity and equitable workplace practices, further enhancing its employee experience.