Hershey

Ferrero has expanded its portfolio of brands. Pic: Ferrero Group

Financial results

US acquisition and organic growth boost Ferrero’s turnover

By Anthony Myers

The Ferrero Group said it is continuing its growth trajectory with a 21% increase in turnover to €17 billion ($18.25bn) and a 14% rise in its global workforce to 47,212 employees, following the recent successful strategic acquisition of North of ice cream...

Cocoa trees naturally absorb cadmium from soils via their roots and deposit it in the nibs (centre) of cocoa beans. Pic: As You Sow

Special report

Chocolate companies respond to latest claims of excessive cadmium in cocoa

By Anthony Myers

Consumer Reports (CR), a US independent, non-profit member organisation, has doubled down on its campaign against lead and cadmium in chocolate and urges changes after a new survey finds a third of products contain ‘concerning’ levels of heavy metals.

Pic: NCAA

Marketing

Hershey to continue with NCAA partnership

By Anthony Myers

The Hershey Company is set to remain the ‘Official Confectionery Partner’ of the National Collegiate Athletic Association (NCAA) after a six-year extension was agreed upon with Paramount-owned CBS and Warner Bros Discovery, which oversee the NCAA’s ‘Corporate...

And the winner is ... Crash!. Pic: Cadbury

Seasonal

Crash the cat wins this year’s coveted Cadbury Bunny ears accolade

By Anthony Myers

After receiving an impressive number of votes from animal lovers across the country, Crash the Cat from Boise, Idaho, has been crowned the winner of Hershey’s fifth-annual Cadbury Bunny Tryouts, 'Rescue Pets Edition', the company has announced.

Hershey takes plant-based mainstream with alternatives of two classics. Pic: CN

NPD

Hershey launches plant-based milk chocolate into mainstream

By Anthony Myers

The Hershey Company has released dairy-free alternatives for two of its most iconic brands with Reese’s plant-based peanut butter cups going on sale this month, making it the first vegan chocolates sold nationally, followed by Hershey’s plant-based extra...

Michele Buck, The Hershey Company Chairman and CEO. Pic: Hershey Co

Financial results

Strong Fourth Quarter sets up Hershey for 2023 sales growth

By Anthony Myers

Hershey Co has exceeded analysts' estimates on full-year net sales and profit after a strong ending to the fourth quarter with consolidated net sales of $2,652.3 million, an increase of 14.0%.

Decorating the Christmas tree is popular in Utah (82%), New York (79%) and Vermont (79%), according to a Hershey survey. Pic: GettyImages

Seasonal

Hershey covers all candy bases with Christmas heat map for consumers

By Anthony Myers

American candy lovers can now discover what Christmas tradition is most popular in their state with Hershey’s holiday tradition heat map and then use the candy pairing guide to make sure they’re stocking up on the right iconic sweets to help make holiday...

Pic: Hershey

Production

Hershey to invest in north Mexico plant

By Anthony Myers

US confectionery giant Hershey has announced plans to invest $90m on two new production lines in a Mexican facility in the northern border state of Nuevo Leo.

Pic: The Hershey Company

HR

Hershey named one of the best companies to work for in US

By Anthony Myers

Confectionery giant’s reputation for justice, pride and leadership have been hailed by its employees as particular strengths for the company, leading it to be ‘Certified by Great Place to Work’ in its US business operations.

Hershey's Cocoa For Good Strategy aims to improve farmer livelihoods in cocoa-growing communities. Pic: Hershey Company

Governance

Hershey ramps up its ESG priorities

By Anthony Myers

The Hershey Company’s evolution from sustainability to integrating ESG (Environmental, Social, and Governance) priorities into its business strategy and operations continues with the sharing of its 2021 ESG Report.

Michele Buck, Hershey Company President and Chief Executive Officer. Pic: The Hershey Company

Financial results

Hershey increases earnings outlook after strong Q1

By Anthony Myers

The company said it is raising its 2022 net sales and earnings per share outlook to reflect the strength of its performance and strong demand for its chocolates and candies in the first quarter and expectations for the balance of the year.