Welcome to our dedicated page for Hershey news (Ticker: HSY), a resource for investors and traders seeking the latest updates and insights on Hershey stock.
The Hershey Company reports recurring developments as a NYSE-listed snacks company with a portfolio spanning confectionery, salty snacks and protein-focused products. Its brands include Hershey's, Reese's, Kisses, KIT KAT, Jolly Rancher, Twizzlers, Ice Breakers, SkinnyPop, LesserEvil, Pirate's Booty, Dot's Homestyle Pretzels, ONE Brands and Fulfil.
Company news commonly covers quarterly sales and earnings, full-year outlook updates, dividend declarations on Common Stock and Class B Common Stock, investor day presentations and conference appearances. Product announcements also track limited-time candy launches, brand partnerships and merchandising activity across Hershey's core chocolate, sweets, salty-snack and functional-snacking categories.
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.
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.