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 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.
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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.