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) regularly issues news and updates that reflect its role as a snacks manufacturer with a broad portfolio of chocolate, sweets and salty snack brands. Company press releases cover topics ranging from product launches and seasonal offerings to acquisitions, financial results and corporate governance developments.
On the product side, Hershey’s news highlights new confectionery items and collaborations, such as Shaq-A-Licious XL Gummies and Shaq-A-Licious SLAMS created with Shaquille O’Neal, limited-edition treats like the Hershey’s Dubai-Inspired Chocolate Bar, and seasonal products and beverages available at HERSHEY'S CHOCOLATE WORLD attractions. These announcements illustrate how the company extends its core brands into new flavors, textures and experiential formats.
Hershey also uses news releases to communicate portfolio expansion and strategy. For example, it has announced the completion of the acquisition of LesserEvil, adding an organic, better-for-you snack brand to its salty snacks lineup. Other releases describe growth in salty snacks and non-chocolate confectionery, as well as the role of convenience stores and experiential venues in introducing new products to consumers.
For investors, Hershey’s news feed includes notices about quarterly earnings releases and webcasts, third‑quarter and other financial results, and regular dividend declarations on its Common Stock and Class B Common Stock. The company also reports on changes in board and executive leadership, updates to by‑laws and the establishment of new credit facilities through SEC filings and corresponding announcements.
Following HSY news allows readers to track new product introductions, strategic acquisitions, financial performance disclosures and governance updates in one place. This page aggregates those announcements so users can review the company’s latest activities and longer-term trends across its confectionery and salty snacks businesses.
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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.
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The Hershey Company (NYSE: HSY) will announce its fourth-quarter sales and earnings results on February 2, 2023. A conference call for analysts is scheduled at 8:30 a.m. ET on the same day. This call will be accessible via a live webcast on the Hershey corporate website. For more details, please visit the calendar of events.
The Hershey Company has awarded Action Grants as part of its 2021 Heartwarming Project to Oak Lawn-Hometown Middle School students. These grants enable local teens to support children at their nearby hospital, fostering community engagement and connections. The deadline for new applications is December 31, 2022. The initiative aims to empower young individuals to create positive changes within their communities. More information can be found on the Hershey website.
The Hershey Company announces a Heartwarming Project Action Grant that supports community initiatives. Noel, a student volunteer, used the $250 grant to create 'thank you' baskets for local veterans. This initiative encourages teens to engage in community support. Interested participants can apply for the grant until December 31, 2022, to foster community strength.