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 second-quarter 2021 net sales of $1,989.4 million, a 16.5% increase year-over-year. Adjusted earnings per share rose to $1.47, up 12.2%. The full-year net sales growth outlook is now between 6% and 8%, raised from 4% to 6%, largely due to strong recovery in away-from-home consumption. However, the anticipated EPS range has decreased slightly to $6.59 to $6.85 due to costs associated with the acquisition of Lily's Sweets. Gross margins remain strong, although increased supply chain costs and tax reserves may impact profitability.
The Hershey Company (NYSE: HSY) will announce its second-quarter sales and earnings results on July 29, 2021. A conference call is scheduled for 8:30 a.m. ET that day, where analysts can engage with the company's performance insights. The call will be webcast live on the Hershey corporate website, allowing wider access to interested parties. For more details, visit the CALENDAR OF EVENTS section on their site.
The Hershey Company (HSY) has partnered with Land O'Lakes, Inc. and the Alliance for the Chesapeake Bay to initiate Sustainable Dairy PA, aimed at reducing greenhouse gas emissions and improving water quality in the Chesapeake Bay watershed. Hershey has committed $300,000 for agricultural conservation practices on dairy farms supplying milk to the company. The project is set to enhance sustainable farming, benefiting around 119 member farms initially, with the potential to reach 400 farms. This initiative emphasizes the importance of sustainable dairy practices in promoting environmental responsibility while maintaining profitability for farmers.
The Hershey Company (NYSE: HSY) has completed its acquisition of Lily's, a leading maker of low-sugar confectionery products, for $425 million. This strategic move is aimed at enhancing Hershey's portfolio in the better-for-you snacking segment. The acquisition aligns with Hershey's multi-pronged strategy to meet growing consumer demand for healthier options. Lily's has expanded its offerings significantly since its inception, reflecting its strong market presence.
TROY, Mich., May 24, 2021 /PRNewswire/ -- BetterInvesting Magazine has named The Hershey Co. (NYSE: HSY) as its 'Stock to Study' and General Motors Co. (NYSE: GM) as its 'Undervalued Stock' in the August 2021 issue. CEO Ken Zendel emphasized the importance of self-research in investment decisions as the economy stabilizes. The magazine provides educational resources to help investors assess these stocks. Interested investors can explore the August issue for deeper insights into Hershey and GM's potential.
The Hershey Company (NYSE: HSY) has announced the promotion of James Turoff to Senior Vice President, General Counsel and Secretary, effective immediately. Turoff has been with Hershey since 2014 and was serving as Acting General Counsel since December 2020. He will oversee the global legal, compliance, and corporate security teams, reporting directly to Chairman and CEO Michele Buck. Buck highlighted Turoff's extensive experience and trust within the leadership team as key assets as the company drives growth.
The Hershey Company (NYSE: HSY) has announced its definitive agreement to acquire Lily's, a rapidly growing better-for-you (BFY) confectionery brand known for low-sugar products. This strategic acquisition aims to enhance Hershey's portfolio, responding to consumer demand for healthier snacking options. Lily's products include chocolate bars, baking chips, and peanut butter cups. The deal will be financed using cash reserves and short-term borrowings, and is expected to be slightly accretive to earnings within the first year. Closing is anticipated in the coming months, pending regulatory approvals.
The Hershey Company (NYSE: HSY) announced a voluntary recall of a single lot of Hershey's Chocolate Shell Topping due to incorrect filling with Heath Shell Topping, which contains almonds. This affects approximately 1,700 bottles shipped nationwide between April 15 and May 3, 2021, bearing product code 25JSAS1. Consumers with almond allergies are at risk for severe reactions. No illnesses have been reported. The recall has been initiated with FDA cooperation, and consumers can seek refunds by contacting Hershey Consumer Relations.
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