Hershey’s higher-than-expected sales and market share gains in the first quarter is a double-edged sword for the confection and snack company – allowing it to raise its full year guidance but simultaneously straining inventory and increasing the company’s...
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.
In a row over the impending European Commission’s deforestation law, African smallholder cocoa farmers say European organisations do not speak on their behalf and claim their proposal risks damaging their livelihoods.
Hershey is highlighting the ‘SHE’ at the centre of its iconic milk chocolate bar as part of Women's History Month celebrations, which begins on 1 March in the US.
Hershey has posted revenues of $2.33bn for the quarter ended December 2021, beating estimates for quarterly profit on strong holiday demand and higher prices for its chocolates and candies.
Valentine’s Day is known as the ‘chocolate event’ for US consumers and the big confectionery companies are going to town with their marketing and advertising campaign head of 14 February.
Hershey’s rebranded Insights Centers have been designed to offer immersive experiences for customer collaboration to help the company with its strategic planning and retail growth initiatives.
The confectionery giant is expanding its footprint in the salty snacks scene with the acquisition of Dot’s Homestyle Pretzels and contract manufacturer Pretzels Inc, in a deal worth $1.2bn.
The Hershey Company’s DEI (diversity, equity and inclusion) agenda has been acknowledge in a survey by Forbes magazine, which has ranked it #1 on its list of the ‘World's Top Female Friendly Companies’, spearheading a roster of 300 honourees.
The confectionery industry received a boost as it heads into the important Halloween weekend when the Hershey Co raised its annual net sales and adjusted earnings forecast.
The a2 Milk Company and Hershey have teamed up to create a co-branded chocolate milk combining Hershey’s cocoa with 2% reduced fat milk containing only A2 beta-casein protein.
With days to go before the Halloween weekend, KIT KAT, produced by Hershey in the US, is giving costume prep a whole new meaning to this year’s trending ‘group costume’ theme.
Hershey has pitched up at the 2021 National Association of Convenience Stores (NACS) Show Expo in Chicago to reveal its key consumer insights to help retail partners meet evolving consumer needs.
Joint statement announces that Barry Callebaut will continue to supply liquid chocolate and finished products to Hershey in North America under a renewed long-term agreement.
Hershey has announced it has raised its full-year sales outlook after a ‘robust recovery’ from the easing of COVID-19 restrictions that saw consumers buying more of its confectionery.
The Hershey Company has completed its acquisition of Lily's, the high-growth maker of low-sugar, better-for-you (BFY) confectionery products, for a purchase price of $425m.
The premier trade show for the candy and snack categories is back after a 12-month break and offers visitors to the Indiana Convention Center the opportunity to discover new confectionery and snack products, actionable insights and unparalleled access...
The Hershey Company has released its 2020 Sustainability Report, which includes an in-depth review of its environmental and social initiatives during a year of ‘unprecedented challenges’.
Hershey - which recently outlined a strategy to expand its reduced sugar offerings via in-house R&D, acquisitions, and licensing or partnership deals - has struck a deal to acquire fast-growing ‘no sugar added’ chocolate brand Lily's Sweets for...
Hershey has posted stronger-than-expected earnings for its first quarter and is expected to boost its chocolate sales in North America as the country’s roll-out of the COVID-19 vaccine gathers pace.
Hershey is setting Twizzlers’ fans with a mystery to solve this year by asking them to guess the flavour of a new version when it becomes available nationwide beginning this spring.
The Hershey Company, which sells Cadbury products in the US under licence from Cadbury UK Ltd, has announced the winner of its 2021 Cadbury Bunny Competition – and it’s a frog called Betty!
The global confectionery giant said it will invest in renewable energy and land-use initiatives, target 100% of its plastic packaging to be recyclable, reusable or compostable by 2030 and announced a no-deforestation policy.
Multi-national cocoa companies Nestlé, Cargill, Barry Callebaut USA LLC, Mars, Olam, Hershey and Mondelēz have been named as defendants in a federal class action lawsuit in the United States on behalf of eight Malian boys who have alleged they were used...
Hershey-owned Whatchamacallit brand's first new chocolate offering in a decade has been named the Whozeewhatzit after a competition called on fans to submit their most creative naming ideas for the new bar.
Hershey is to invest $1.5m in the Thurgood Marshall College Fund (TMCF), America’s largest organisation exclusively representing the Black College Community to establish a scholarship endowment, with the goal to increase the figure to $3m over the next...
Cote d’Ivoire has announced it has lifted its suspension on cocoa sustainability schemes run by Hershey, in the latest twist in the ‘cheap beans’ row that has threatened to jeopardise the delicate relationship between the big chocolate companies and cocoa-growing...
Sales of Cote d’Ivoire’s cocoa crop are the worst in decades, industry sources say, as COVID-19 drives down global demand for chocolate and the controversial Living Income Differential (LID) increases the price of its, and neighbouring Ghana’s, cocoa...
Ghana and Cote d’Ivoire have carried out their threat to cancel Hershey’s cocoa sustainability schemes in their countries, accusing the US giant of trying to avoid paying the cocoa Living Income Differential (LID) premium aimed at combating farmer poverty...
Cote d’Ivoire, the world’s largest cocoa producing country, has called the move by Hershey to reportedly buy 30,000 tonnes of cheap beans from the ICE New York futures exchange an attempt to derail plans for the Living Income Differential (LID) set up...
Hershey has allegedly bought up to 30,000 tonnes of cocoa from futures exchange ICE in a bid to avoid paying the extra Living Income Differential (LID) set up by Ghana and Cote d’Ivoire that includes an added price premium of $400 per tonne on their cocoa,...
Sales of The Hershey Co.’s iconic chocolates and confections significantly outpaced the category during the company’s third-quarter thanks to targeted, nimble marketing that positioned the sweets at the center of socially distant and much needed get-togethers...
A strong Halloween, coupled with demand for chocolate chips and cocoa powder from households in the US taking up baking during coronavirus lockdowns, has allowed Hershey to beat quarterly sales estimates and reinstate its full-year outlook.
Quinn – which was founded by a woman on the credo of social commitments and natural ingredients – has closed additional Series D funding, including an undisclosed minority investment from the confectionery giant.
Reese’s Trick-or-Treat Door is designed to traverse through neighborhoods on its own and bring Reese’s Peanut Butter Cups directly to candy lovers’ doorsteps.
The Hershey Company has been recognized as one of America's Most JUST Companies by Forbes and JUST Capital for the second consecutive year, it has announced.
The COVID-19 pandemic has kept American consumers in – or close to – the home for most of the year. Now with weeks until Halloween - one of the biggest sales drivers for the chocolate, candy, gum and mints industry - families are preparing for scaled...
Hershey’s free bags offer a fun and safe alternative to trick-or-treating, as NCA health consultant Dr Stephen Ostroff issues reminder on protocols for this year’s event.
