Hershey Co Stock Price, News & Analysis

The Hershey Company has announced that Shaq-A-Licious XL Gummies has been named the Official Gummy of March Madness, which began on March 16, 2025. This initiative is part of Hershey's multi-year partnership with the NCAA, CBS Sports, and Warner Bros. Discovery Sports.

The brand will be prominently featured during the NCAA Final Four Weekend, including the Reese's College All-Star Game on April 4, 2025, airing on CBS Sports Network. The event will offer product sampling, giveaways, and interactive fan experiences.

Additionally, Hershey is collaborating with Operation Homefront, a nonprofit supporting military families, on April 3. This partnership holds special significance for Shaquille O'Neal, who grew up in a military family in San Antonio.

Hershey (HSY) has launched Jolly Rancher Freeze Dried, a new product line transforming their classic candy into an airy, crunchy format. The innovation comes as the freeze-dried candy market is projected to grow from $1.36 billion to $2.4 billion by 2030.

The product features three signature flavors - Green Apple, Blue Raspberry, and Watermelon - utilizing advanced freeze-drying technology that removes moisture while intensifying flavors. Available nationwide in 3.1oz packs, this launch capitalizes on the trending #freezedriedcandy phenomenon, which has garnered over 4.7 billion views on TikTok.

The company's internal research identified an unmet demand for unique flavor and texture experiences, positioning this product launch to capture market share in the rapidly growing freeze-dried candy segment.

The Hershey Company (NYSE: HSY) has appointed Stacy Taffet as its new Chief Growth Officer, effective April 14, 2025. Taffet, a seasoned marketing executive with 20 years of leadership experience, will drive growth strategies across Hershey's snacks portfolio, including brands like Hershey's, Reese's, Jolly Rancher, and Dot's Homestyle Pretzels.

Coming from PepsiCo where she served as Senior Vice President of Beverage Portfolio Strategy and Marketing, Taffet brings 15 years of CPG experience managing multi-billion-dollar brands. Her responsibilities at Hershey will include overseeing enterprise strategy, media and creative investments, marketing innovation, R&D, commercial and consumer intelligence, and brand reputation management.

The appointment aligns with Hershey's strategic vision to become a leading snacking powerhouse. Taffet, an MBA graduate from Harvard Business School, has received recognition including Brand Innovators Top 100 Women in Brand Marketing and AdAge Women to Watch.

The Hershey Company (NYSE: HSY) has appointed Tiffany Menyhart as Chief Customer Officer, effective March 17, 2025. Menyhart brings 30 years of sales and CPG experience, including 15 years in confection, joining from Kraft Heinz. She will lead Hershey's U.S. Confection sales team to advance the company's vision of becoming a leading snacking powerhouse.

Menyhart, who holds an MBA from Northwestern University's Kellogg School of Management, has been recognized as a Woman of Influence in the Food Industry. She currently serves on the FMI Foundation Board and is known for driving profitable growth, creating transformational change, and elevating relationships with retail partners.

The Hershey Company (NYSE: HSY) has announced the pricing of a significant notes offering totaling $2 billion. The offering consists of four tranches: $500 million of 4.550% notes due 2028, $500 million of 4.750% notes due 2030, $500 million of 4.950% notes due 2032, and $500 million of 5.100% notes due 2035.

The company plans to use the proceeds to repay its outstanding 0.900% Senior Notes due 2025 and 3.200% Senior Notes due 2025, along with certain outstanding short-term commercial paper borrowings. The remaining funds will cover offering-related fees and expenses, and support general corporate purposes.

The Hershey Company (NYSE: HSY) has announced a public offering of notes. The net proceeds from this offering will be used to:

• Repay outstanding 0.900% Senior Notes due 2025
• Repay 3.200% Senior Notes due 2025
• Pay off certain outstanding short-term commercial paper borrowings
• Cover fees and expenses related to the offering
• Fund general corporate purposes

The company has filed a registration statement with the SEC for this Notes Offering. The offering will be made available through a prospectus supplement and accompanying prospectus, obtainable through various financial institutions including BofA Securities, Citigroup Global Markets, J.P. Morgan Securities, RBC Capital Markets, and U.S. Bancorp Investments.

Hershey (NYSE: HSY) reaffirmed its 2025 financial outlook during its presentation at the 2025 Consumer Analyst Group of New York (CAGNY) conference. The company expects total net sales growth of at least 2%, with the Sour Strips acquisition contributing approximately 30 basis points to growth, while foreign currency exchange rates are anticipated to be a 30 basis point headwind.

The company's earnings projections indicate a significant decline, with reported earnings per share expected to decrease in the high-40% range and adjusted earnings per share projected to decline in the mid-30% range. During the conference, executives reviewed growth strategies and progress in enhancing commercial capabilities and optimizing their operating model to deliver long-term shareholder value.

The Hershey Company (NYSE: HSY) has announced its quarterly dividend declaration. The Board of Directors declared dividends of $1.370 per share on Common Stock and $1.245 per share on Class B Common Stock on February 5, 2025. These dividends will be paid on March 14, 2025, to stockholders of record as of February 17, 2025.

This marks Hershey's 380th consecutive regular dividend on Common Stock and 161st consecutive regular dividend on Class B Common Stock, demonstrating the company's long-standing commitment to returning value to shareholders.

Hershey (HSY) reported Q4 2024 results with consolidated net sales of $2,887.5 million, up 8.7% year-over-year. The company's organic constant currency net sales increased 9.0%. Q4 reported net income was $796.6 million, or $3.92 per share-diluted, up 130.6%.

For full-year 2024, consolidated net sales reached $11,202.3 million, a 0.3% increase, with reported net income of $2,221.2 million, or $10.92 per share-diluted, up 20.5%. Adjusted EPS declined 2.3% to $9.37.

Looking ahead to 2025, Hershey expects net sales growth of at least 2%, primarily driven by price realization. However, the company projects reported earnings per share to decline in the high-40% range and adjusted earnings per share to drop in the mid-30% range, mainly due to higher commodity costs, particularly cocoa prices, rebased incentive compensation, and a higher economic tax rate.