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.
Hershey announces the launch of Reese’s Snack Cakes, a new morning treat combining chocolate and peanut butter creme. Set to hit convenience stores in December 2020, these 2.75oz cakes will retail for $1.99 per pack. This innovation targets the growing trend of consuming dessert before noon, appealing to the 83% of adults who indulge in morning desserts. Brand manager Mike Orr emphasizes that this product allows Reese’s fans to enjoy cake any time of day, officially redefining the concept of a morning snack.
The Hershey Company (NYSE: HSY) appointed Robert M. Dutkowsky to its Board of Directors, effective Aug. 29, 2020. Dutkowsky, 65, is a former executive chairman and CEO of Tech Data and will serve on the Finance, Risk Management, and Governance Committees. CEO Michele Buck expressed confidence in his growth-oriented leadership and expertise in technology and digital capabilities. With a career beginning at IBM, Dutkowsky brings extensive experience from executive roles in various tech companies. Hershey operates with over 80 brands, generating around $8 billion in annual revenue.
The KIT KAT® brand, owned by Hershey, is expanding its DUOS line with the launch of KIT KAT® DUOS MOCHA + CHOCOLATE in November 2020. Following the success of the Mint + Dark Chocolate variant, this new flavor features mocha flavored crème atop the classic wafer, promising a unique taste experience. Available in standard (1.5 oz, SRP $1.11) and king size (3 oz, SRP $1.66) bars, the introduction underscores KIT KAT's commitment to flavor innovation. Consumers can look forward to this permanent addition to the brand's portfolio.
The Hershey Company (NYSE: HSY) announced a quarterly dividend increase of approximately 4%, raising the Common Stock dividend to $0.804 and Class B Common Stock dividend to $0.731 per share. These dividends are payable on September 15, 2020, to stockholders of record as of August 21, 2020. This marks the 363rd consecutive dividend declaration for Common Stock and the 144th for Class B Common Stock, reflecting the company's commitment to returning value to its shareholders.
The Hershey Company (NYSE: HSY) reported net sales of $1.707 billion for Q2 2020, a 3.4% decline year-over-year. Net income dropped to $268.9 million, or $1.29 per diluted share, reflecting a 12.8% decrease. Adjusted earnings per share remained flat at $1.31. The company gained 225 basis points in market share in North America despite COVID-19 challenges, and anticipates accelerated sales growth in the latter half of 2020. However, guidance for full-year 2020 remains unclear due to ongoing pandemic impacts.
The Hershey Company (NYSE: HSY) will release its second-quarter 2020 financial results on July 23, 2020, at approximately 7:00 a.m. ET. This will be followed by a live Q&A session with analysts at 8:30 a.m. ET. To facilitate discussions, a pre-recorded management discussion and transcript will also be available. Key materials will be posted on the company's investor relations website, providing investors with insights into the company's performance for the quarter.
The Hershey Company has priced its offering of $1 billion in notes, including $300 million of 0.900% due 2025, $350 million of 1.700% due 2030, and $350 million of 2.650% due 2050. The proceeds will be used to repay commercial paper and cover offering expenses. The registration statement for the offering is effective. Hershey, known for its iconic brands, is committed to ethical operations and sustainability, employing around 16,000 people worldwide and generating approximately $8 billion in annual revenue.
The Hershey Company (NYSE: HSY) has announced a public offering of notes, aiming to utilize the net proceeds for repaying commercial paper, covering offering-related expenses, and general corporate purposes. The registration statement for this offering is effective with the U.S. Securities and Exchange Commission. This announcement does not constitute an offer to sell any securities. Hershey, a leading snacks company, boasts over 80 brands generating around $8 billion in annual revenues, emphasizing its commitment to ethical and sustainable practices.
The Hershey Company (NYSE: HSY) has appointed Victor L. Crawford to its board of directors following the Annual Stockholder’s Meeting on May 12, 2020. Crawford, CEO of Cardinal Health's Pharmaceutical Segment, brings extensive leadership experience in food, beverage, and healthcare sectors. His expertise includes digital transformation and supply chain management. Additionally, Anthony J. Palmer has been appointed as lead independent director, succeeding Charles A. Davis. Hershey, a leading snacks company with $8 billion in annual revenues, employs approximately 16,000 people worldwide.
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