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.
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.
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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.
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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.
The Hershey Company (NYSE: HSY) has announced a definitive agreement to acquire Dot's Pretzels LLC, a leading brand in the pretzel market, and Pretzels Inc., a co-manufacturer. The total acquisition cost is approximately $1.2 billion. Dot's Pretzels, which alone accounts for 55% of the pretzel category's growth, complements Hershey's salty snack portfolio and aims to boost its market presence. The acquisitions are expected to enhance manufacturing capabilities and are projected to be slightly accretive to earnings per share in 2023 and adjusted earnings per share in 2022.