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) reported a strong performance for Q4 and full-year 2021, with net sales of $2.33 billion for Q4, up 6.4%, and $8.97 billion for the year, a 10.1% increase. Diluted EPS rose to $1.62 in Q4 and $7.11 for the full year, marking increases of 16.5% and 16.4%, respectively. The 2022 outlook projects net sales growth of 8-10% and EPS growth of 7-10%, driven by price hikes across segments despite supply chain challenges. Hershey's strategic acquisitions contributed positively, although gross margins faced pressure due to rising costs.
The Hershey Company (NYSE: HSY) has announced a transition from two reportable segments to three: North America Confectionery, North America Salty Snacks, and International. This reorganization aims to align its strong brands and markets, enhancing resource allocation and performance assessment. The changes come after December 2021 acquisitions of Dot's Pretzels, LLC and Pretzels Inc. Financial results reflecting these new segments will be provided starting with the fourth-quarter 2021 results announcement on February 3, 2022. Historical results remain unaffected.
The Hershey Company has announced the launch of two new KIT KAT® products: KIT KAT® Duos Strawberry + Dark Chocolate and KIT KAT® THiNS Chocolate Hazelnut. The Duos flavor combines strawberry and dark chocolate, inspired by chocolate-covered strawberries, and will be available in standard and king sizes. The THiNS Chocolate Hazelnut features a lighter version of the classic wafer with a new hazelnut flavor. Both products are set to become permanent items in the KIT KAT® lineup and are available at retailers nationwide.
The Hershey Company (NYSE:HSY) will announce its fourth-quarter sales and earnings results on February 3, 2022. Following the release, a conference call with analysts is scheduled for 8:30 a.m. ET on the same day. The call will be accessible via a live webcast on the Hershey corporate website. For more details, please visit the Hershey events page.
Hershey is launching new seasonal treats for Valentine's Day and Easter in 2022, featuring innovative products like Reese's Blossom-top Miniature Cups and Hershey's Kisses with vanilla frosting. Valentine's Day favorites such as Reese's Peanut Butter Hearts and Hershey's Kisses Meltaway Roses are returning. For Easter, the company introduces whimsical treats like Hershey's Cookies 'N' Creme Polka Dot Bunnies and Whoppers Bunny Tails.
These offerings highlight Hershey's commitment to creativity and seasonal engagement.
The Hershey Company has successfully finalized its acquisition of Dot's Pretzels and Pretzels Inc. for a total price of $1.2 billion, netting approximately $1 billion after anticipated tax benefits. This strategic move strengthens Hershey's position in the snacking sector by adding the fastest-growing pretzel brand, accounting for 55% of the pretzel category's growth over the past year. The integration will proceed in phases to foster growth in both brands.
The Hershey Company has launched a festive collaboration with Dr. Seuss's The Grinch for the holiday season. From November 30 to December 8, customers can engage in the '#GrinchKisses' sweepstakes on social media for a chance to win Hershey's Kisses chocolates featuring Grinch-themed foils. The limited-edition Kisses, with 10 unique candy foils, celebrate the beloved character's mischievous spirit. Hershey's Chocolate World locations will host special holiday decorations and activities throughout the season, emphasizing the partnership's aim to spread holiday cheer.
The Hershey Company has launched a new Reese's Thanksgiving Pie, touted as the largest Reese's Peanut Butter Cup ever sold, measuring 9 inches in diameter and weighing 3.25 pounds. Available for $44.99, there are only 3,000 pies, emphasizing exclusivity ahead of the holiday season. This offering combines the classic flavors of chocolate and peanut butter in a unique format designed to elevate Thanksgiving desserts. Hershey is known for its extensive portfolio with over 90 brands generating more than $8.1 billion in annual revenue.
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