Hershey Co Stock Price, News & Analysis

The Hershey Company announced a non-profit initiative founded by Tae, aimed at providing free academic support to students in need. This initiative was boosted by a grant from the Heartwarming Project, which helped purchase necessary books for the program. The organization is currently seeking teenage volunteers interested in contributing to their community, with applications open until December 31.

For more details about the project and Hershey's ongoing commitment to community support, visit their website.

The Hershey Company announced significant initiatives aimed at addressing global challenges, with a focus on community support during the COVID-19 pandemic. In 2021, Hershey distributed over 575,000 masks in the U.S. and provided 500 oxygen concentrators in India. The company is committed to achieving a diverse recruiting portfolio and has been recognized by Forbes as the World's Top Female Friendly Company. Hershey has set ambitious greenhouse gas reduction targets, aiming for a 50% cut in Scope 1 and 2 emissions by 2030. Furthermore, the firm's investment in cocoa communities targets child labor eradication and provides nutritious meals to children.

The Hershey Company (NYSE:HSY) has launched its first bilingual manufacturing facility in Hazleton, Pennsylvania, as part of the 'Say Hola' initiative. This program aims to integrate both Spanish and English-speaking employees, resulting in a substantial improvement in workforce experience. The initiative has led to a more skilled workforce, increased retention rates, and reduced recruitment costs, with over 90% of new recruits now possessing the desired manufacturing experience. This move aligns with Hershey's DEI (Diversity, Equity, and Inclusion) priorities while reflecting the diverse local community.

The Hershey Company (NYSE:HSY) continues to advance its climate action initiatives as announced on November 17, 2022, including a third utility-scale solar project, the Copperhead Solar & Storage Project in Texas, projected to generate $25 million in economic benefits over 25 years. Hershey aims to reduce Scope 1 and 2 emissions by 50% and Scope 3 by 25% by 2030, building on previous reductions of 48% and 18%, respectively. The company also invests $3 million in energy optimization, aiming to cut energy intensity by 10% in five years.

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.