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) 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.
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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.
The Hershey Company (NYSE: HSY) announced on April 27, 2021, that it will pay quarterly dividends of $0.804 for Common Stock and $0.731 for Class B Common Stock. These dividends are set to be distributed on June 15, 2021, to shareholders on record by May 21, 2021. This marks the company's 366th consecutive dividend for Common Stock and the 147th for Class B Common Stock, demonstrating a strong commitment to returning value to shareholders.