Hershey

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.

Pic: The Hershey Company

Easter

First-ever amphibian becomes 2021 Cadbury Bunny

By Anthony Myers

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!

'Climate change is one of the most urgent threats to our planet that we face today,' said Michele Buck, Hershey CEO and President. Pic: Hershey

Environment

Hershey announces new measures to tackle climate change

By Anthony Myers

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.

Sales of cocoa beans have fallen in Cote d'Ivoire. Pic: CN

Cocoa

Cote d’Ivoire’s cocoa exports plummet as COVID and LID disrupt market

By Anthony Myers

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...

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