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.
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.
The Hershey Company (NYSE: HSY) has announced its participation in the 2025 Consumer Analyst Group of New York (CAGNY) conference in Orlando, FL. The presentation is scheduled for Tuesday, February 18, 2025, at 1 p.m. ET. Michele G. Buck, Chairman, President and Chief Executive Officer, and Steven E. Voskuil, Senior Vice President and Chief Financial Officer, will lead the presentation. The event will be accessible via live webcast through The Hershey Company's corporate website under the 'Calendar of Events' section.
Reese's, the #1 candy franchise in the US, is returning to the Big Game with a new 30-second advertisement promoting their Reese's Chocolate Lava Big Cup. The humorous ad, created by Erich & Kallman, features a park ranger reporting from an active volcano where enthusiastic fans attempt to taste actual lava, leading to a public service announcement: 'Don't eat lava. Eat Reese's Chocolate Lava.'
The campaign includes several promotional activities: a voice-activated volcano installation at New Orleans' Riverwalk Outlets offering free product samples, a partnership with the New Heights podcast featuring the Kelce brothers, and Barstool Sports live coverage from New Orleans. The Reese's Chocolate Lava Big Cup is currently available nationwide in standard and king sizes, with a new snack size option launching in March.
FULFIL Nutrition has launched new protein-focused products, including Protein Bites and an expanded bar lineup featuring Reese's Peanut Butter collaboration. The company introduced its BIGGEST Bar (55g) containing 20g of protein, 2g of sugar, and 3-4g net carbs, available in Chocolate Salted Caramel, Chocolate Peanut Caramel, and Chocolate Peanut Butter flavors.
The new Chocolate Peanut Butter Bar made with Reese's Peanut Butter comes in both 55g and 40g sizes, with the latter providing 15g of protein, 3g net carbs, and 1g sugar. The Protein Bites launch offers 7 bites per pouch with 16g protein, 3-4g sugar, and 4g net carbs, available in Chocolate Salted Caramel and Chocolate Peanut Caramel flavors.
Peloton instructor Cody Rigsby has partnered with FULFIL to promote these new products, which are now available on Amazon and retailers nationwide.
The Hershey Company (NYSE: HSY) has announced two key leadership appointments effective February 3, 2025. Andrew Archambault has been named President of U.S. Confection, joining from Keurig Dr Pepper, while Veronica Villasenor, a 22-year Hershey veteran, has been appointed President of Salty Snacks.
Archambault will oversee iconic brands including Hershey's, Reese's and Jolly Rancher. He brings extensive experience from KDP, where he served as President of U.S. Refreshment Beverages. Villasenor, previously Vice President of Salty Snacks, succeeds Kristen Riggs, who is departing after 20 years. Both executives will join Hershey's Executive Committee to advance the company's snacking powerhouse vision.
The Hershey Company (NYSE: HSY) announced that Michele Buck, Chairman of the Board, President and CEO, will retire on June 30, 2026. Buck will maintain her current roles until a successor is appointed, after which she will transition to a senior advisor role until retirement. The Board has formed a special committee to search for the next CEO, considering both external and internal candidates.
Buck, who will complete 20 years with Hershey, has been credited with expanding the company into broader snacking categories, driving international growth, and building advanced capabilities. Under her leadership, Hershey developed one of the strongest snacking portfolios in the industry.
The company has reaffirmed its full-year 2024 financial outlook and will provide its 2025 outlook during its February earnings release.
The Hershey Company (NYSE: HSY) has announced its upcoming fourth-quarter financial results release and conference call, scheduled for Thursday, February 6, 2025. The company will present its Q4 sales and earnings data, followed by an analyst conference call at 8:30 a.m. ET on the same day.
The event will be accessible through a live webcast on Hershey's corporate website, specifically in the 'Calendar of Events' section of their investor relations page. This announcement ensures transparency and provides investors and analysts with direct access to the company's financial performance discussion.
The Hershey Company (NYSE: HSY) announced that Michael Del Pozzo, President of U.S. Confection, will leave the company on December 12, 2024. CEO Michele Buck will temporarily lead the U.S. Confection Business while the company searches for a successor from both internal and external candidates. Del Pozzo is returning to PepsiCo to take on a new leadership role. During this interim period, Buck will work with the U.S. Confection leadership team to drive business growth and advance Hershey's Leading Snacking Powerhouse vision.
KIT KAT has launched its first-ever seasonal shape product, KIT KAT Santas, featuring an enhanced wafer-to-chocolate ratio and festive design with imprinted boots and a smile. The -edition treats will be available nationwide in 8.85oz snack size bags. In partnership with Simon Property Group, KIT KAT will distribute free Santa-shaped bars during Santa photo sessions on December 7-8 at select locations including Roosevelt Field Mall, Woodfield Mall, and Brea Mall.
The Hershey Company (NYSE: HSY) has acquired Sour Strips, a sour candy brand founded in 2019 by social media personality Maxx Chewning. The acquisition aims to enhance Hershey's presence in the sour candy category and expand its reach to new consumers. Sour Strips, known for its "sour candy that doesn't suck" tagline and strong social media presence, will continue to have Chewning leading its marketing and innovation efforts. The brand focuses on combining shockingly sour flavors with innovative branding to elevate the candy experience.