Hershey

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.

The acquisition of Dot's and Pretzels Inc. will help Hershey Company grow its permissible salty snacks portfolio and create new snacking occasions. Pic: GettyImages/AbbieImages

Hershey knots up two pretzel majors in $1.2bn deal

By Gill Hyslop

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.

Hershey has 48.1% gender diversity around the world. Pic: The Hershey Company

Inclusivity

Hershey’s ‘female forward policy’ puts it top of the list

By Anthony Myers

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.

NACS is back in Chicago after last year's postponement. Pic: NACS

NACS 2021

Hershey goes to NACS Expo armed with key retail insights

By Anthony Myers

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.

Lily's expanded line of bars, baking chips and other confections can be found across the US at key retailers. Pic: Lily's

M&As

Hershey buys Lily’s confectionery brand for $425m

By Anthony Myers

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.

Hershey reports strong results for the first quarter. Pic: Hershey Company

Financial results

Hershey exceeds estimates for Q1 in latest financial results

By Anthony Myers

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.

Pic: hershey

In brief

Twizzlers’ fans asked to solve flavour mystery

By Anthony Myers

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.