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) announced quarterly dividends of $0.901 on Common Stock and $0.819 on Class B Common Stock, declared on October 27, 2021. These dividends are scheduled for payment on December 15, 2021, to stockholders of record as of November 19, 2021. This marks the 368th consecutive dividend for Common Stock and the 149th for Class B Common Stock, demonstrating the company's commitment to returning income to shareholders.
The Hershey Company (HSY) announced its Q3 2021 results, reporting net sales of $2,359.8 million, a 6.3% increase year-over-year. Adjusted EPS rose by 12.9% to $2.10. The company raised its full-year sales growth outlook to 8%-9% and EPS guidance to $6.88-$7.04, reflecting strong consumer demand and an improved tax outlook. However, gross margin decreased to 45.0% due to supply chain issues and higher costs. The effective tax rate fell to 14.7%, aided by capital loss utilization. Despite challenges, Hershey's strategic investments and acquisitions are expected to drive long-term growth.
The KIT KAT® brand has introduced a unique four-person Halloween costume, designed to enhance group costume experiences. This seven-foot tall costume, resembling a KIT KAT® bar, was recognized as the “Most Creative 4-Person Costume of 2021” by the Halloween & Costume Association. Created for fun and interaction, it encourages friends to wear it together and break it apart, embodying the brand's playful spirit. Consumers can participate in a contest to win this exclusive costume by tagging friends on their social media channels. The promotional campaign runs from October 25 to October 27, 2021.
The Hershey Company (NYSE:HSY) will release its third-quarter sales and earnings results on October 28, 2021. A conference call with analysts is scheduled for 8:30 a.m. ET on the same day. The company will also webcast the conference call live on its corporate website. For more details, visit the 'CALENDAR OF EVENTS' section on Hershey's investor relations page.
The Hershey Company announces an exciting Halloween season with the launch of Chocolate Meltdown: Hershey's After Dark, a new Food Network series premiering on September 27, 2021. This four-episode showcase features talented pastry chefs competing in Hersheypark for prizes, including a year’s supply of Hershey's candy and cash. Hershey, PA, is also hosting unique experiences inspired by the show, including special treats and themed attractions. Consumers can enjoy limited-time offerings at Hershey's Chocolate World and participate in Halloween activities until October 31.
The Hershey Company supported the Crookston, Minn. community by providing chocolate for a S'mores event during their revived "Ox Cart Days" festival, canceled in 2020 due to the pandemic. Spearheaded by local high school students, the project included building fire tables to foster community connections. The festival, a 30-year tradition, featured three fire tables and 40,000 Hershey's chocolate bars. Local sponsors, businesses, and the fire department contributed to the event's success, highlighting Hershey's commitment to community support and collaboration.
The Hershey Company (NYSE: HSY) announced a quarterly dividend increase of approximately 12%, with the Common Stock dividend rising to $0.901 per share and the Class B Common Stock dividend to $0.819 per share. These dividends were declared on July 23, 2021, and are payable on September 15, 2021, to shareholders of record as of August 20, 2021. This marks the 367th consecutive dividend for Common Stock and the 148th for Class B Common Stock.
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.