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.
The Hershey Company (NYSE: HSY) will announce its first-quarter sales and earnings results on April 27, 2023. A conference call with analysts is scheduled for 8:30 a.m. ET on the same day, which will be available via a live webcast on the Hershey corporate website. Investors can find more details by visiting the Hershey calendar of events.
This announcement is significant for stakeholders and interested investors, providing insights into the company's performance for the first quarter of the year.
The Hershey Company (NYSE: HSY) has announced a six-year extension of its partnership with CBS Sports, Warner Bros. Discovery Sports, and the NCAA as the "Official Confectionary Partner." This deal includes the addition of Hershey's salty snack brands, Dot's Homestyle Pretzels and SkinnyPop Popcorn, as the "Official Pretzel and Popcorn Partner" of the NCAA, alongside their flagship brand, Reese's. The partnership, first established in 2009, will continue to promote Hershey products through various media and event activations. The Reese's College All-Star Game is set for March 31, 2023, showcasing top NCAA senior athletes. This extension solidifies Hershey's commitment to supporting student-athletes and sports fans alike.
The Hershey Company (NYSE: HSY) has reaffirmed its financial guidance for fiscal year 2023 during its Investor Day held on March 22, 2023. The company anticipates net sales growth of 6% - 8%, reported earnings per share growth of 11% - 15%, and adjusted earnings per share growth of 9% - 11%. The event included strategic updates and a Q&A session, accessible via the company's investor website. The company also issued a safe harbor statement cautioning that actual results may vary due to various risks including supply chain issues, market competition, and international operations.
The Hershey Company (NYSE: HSY) has announced its upcoming Investor Day scheduled for March 22, 2023, from 9 - 11 a.m. ET.
This event aims to provide investors with updates on Hershey's strategic plans and financial outlook, alongside a Q&A session. Interested parties can access the event via the Investors section of Hershey's corporate website, where a replay will also be available afterward. Hershey is a leading snacks company, generating over $10 billion in annual revenues from over 100 brand names in approximately 80 countries.
The Hershey Company (NYSE: HSY) has completed the purchase of 1 million shares of its common stock from Hershey Trust Company for approximately $240 million, equating to $239.91 per share. This transaction aligns with Hershey's capital allocation strategy, emphasizing the company’s strong financial position. CFO Steve Voskuil highlighted that the strong balance sheet allows continued investments aimed at future growth. Hershey operates in the snacks sector, generating over $8.9 billion in annual revenues from its portfolio of iconic brands, including Hershey's, Reese's, and Kit Kat.
The Hershey Company (NYSE: HSY) announced on February 2, 2023, the declaration of quarterly dividends of $1.036 on Common Stock and $0.942 on Class B Common Stock. These dividends were declared on January 31, 2023, and are payable on March 15, 2023, to stockholders of record by February 17, 2023. This marks the 373rd consecutive dividend for Common Stock and the 154th for Class B Common Stock, reflecting the company’s commitment to returning value to shareholders.
The Hershey Company (NYSE: HSY) reported robust financial results for Q4 and the full year 2022, showcasing a consolidated net sales increase of 14.0% in Q4, reaching $2,652.3 million. Full-year net sales also surged by 16.1% to $10,419.3 million. Q4 reported net income climbed 18.5% to $396.3 million, equating to $1.92 per share-diluted. The company anticipates a net sales growth of 6% to 8% for 2023, with projected reported EPS growth between 11% and 15%. Additionally, Hershey's investments in capacity and capabilities position it for sustained growth despite inflation and supply chain challenges.
FAQ
What is the current stock price of Hershey Co (HSY)?
What is the market cap of Hershey Co (HSY)?
