Hershey publicly reiterated its commitment to refrain from animal testing last week, after People for the Ethical Treatment of Animals (PETA) proclaimed gratitude for the confectioner’s decision to ‘ban deadly animal tests.’
While Hershey’s remains committed to the ‘heart and soul’ of its business, the chocolate giant will focus meeting consumers where they are today in part by expanding its portfolio to satisfy other snacking occasions.
New commitment through meaningful partnerships, including the United Nations Global Compact, designed to significantly reduce its impact on the planet, says company.
Company’s strategy focuses on four key areas: nourishing children, elevating youth, prospering communities and preserving ecosystems in West Africa, where 70% of world’s cocoa is grown.
The US chocolate giant says it is on track to deliver its first ever $600m seasonal sales thanks to its strong sales performance leading up to Halloween.
Hershey has recently released several key strategies it has been implementing to attract more online shoppers as it expects e-commerce penetration for US FMCG to reach mid-single digits in the next five years – more in line with Europe, which is currently...
Mars Wrigley and Hershey have launched new US candy lineups for Halloween this year, most of which are innovated around their core brands including M&M’s, Reese’s and KitKat.
Hershey’s chief financial officer Patricia Little has decided to retire in the spring of 2019 after working for the chocolate maker for nearly four years.
China has announced tariffs on approximately $60bn worth of US goods as a retaliation after the Trump administration slapped 25% tariffs on $200bn Chinese products earlier this year.
Hershey has posted a net sales increase of 5.3% in Q2, reaching $1.75bn, after it recently divested Tyrrells potato chips and Golden Monkey candy brand in China.
Hershey has sold Golden Monkey to Henan Yuxiang Food Technology Company (河南御翔食品科技有限公司) four years after it acquired the Shanghai-based confectionery brand for $577m.
The International Cocoa Initiative (ICI) has identified 14,986 child labor cases on the cocoa farms in Côte d’Ivoire and Ghana since 2012, but warned the reality could be a lot worse.
Hershey increased the percentage of its sustainable cocoa beans to 75% and reduced its packaging waste by 18.5 million pounds, or 74%, in 2017, according the company’s latest corporate social responsibility report.
The National Confectioners Association (NCA) has named the most innovative product award winners of 2018 at the Sweets and Snacks Expo in Chicago (May 22-May 24, 2018).
Hershey is rumored to be selling Golden Monkey to China’s state-owned food processing company COFCO as early as next month, but it has declined to comment on the speculation.
Hershey’s CEO Michele Buck recently said the US snacking market, especially the categories the company participates in – confections, salty snacks and meat snacks – remain robust.
Susquehanna International Group (SIG) said the robust chocolate industry will likely turn Hershey’s business around later this year even though the company is among ‘the worst performing CPG stocks in the last three months.’
Hershey will release its first edible glitter-sprinkled gum in the US under its Ice Breakers brand starting April 15, 2018, as it believes the sparkle trend will sweep the food industry in 2018.
Mintel says mass produced chocolate brands such as Mars and Hershey are losing market share to imported premium chocolate brands in China primarily due to lack of innovation.
Environmental nonprofit Mighty Earth has found large chocolate companies have made 'very strong' commitments in policy and practices to reduce deforestation on their cocoa farms in Ghana and Côte d'Ivoire but the level of engagement does...
Responding to a new report from Greenpeace, confectionery giant Hershey has named its palm oil suppliers, and has revealed that it has mapped almost 100% of palm oil supply chain to the mills, and approximately 14% to the plantations.
Chocolate confectionery in the US is resilient to health and wellness trends and remains attractive to investors, according to an analyst at investment group Susquehanna International Group (SIG).
A California Superior Court judge has approved a settlement resolving claims over whether certain levels of lead and cadmium in chocolate require warning labels under California’s Prop 65 law.
Hershey is interested in acquiring businesses with ‘strong revenue growth in the $100bn snack wheel,’ said Hershey’s CFO Patricia Little at the recent CAGNY conference in Florida.
Hershey has unveiled a range of confections for this year’s Valentine’s Day, which should bring in more candy sales than last year in the US, according to the National Retail Federation.
Mars plans to quit industry-funded science group, the International Life Sciences Institute (ILSI), and says it will support research regardless of results after making its science policy public.
Nine major cocoa and chocolate companies have committed $8.5m to an initiative aiming to prove a business case to improve the quality of education in Ivorian cocoa communities.
Ferrero would become the ‘third largest player in chocolate confectionery in the world if it successfully acquires Nestlé’s US candy business, a deal that is expected to come through by the end of this week, said Euromonitor.
Hershey has decided not to renew its membership with the Grocery Manufacturers Association (GMA) in 2018, but it remains part of the National Confectioners Association (NCA).
Hershey’s acquisition of Amplify Snacks has made the chocolate company the second largest popcorn producer in the US market, ‘second to Frito-Lay,’ who owns Smartfood, said Euromonitor analyst Jared Koerten.
Hershey says it is not in the business of processing cocoa, contrary to a Reuters report claiming it was considering a semi-processed cocoa facility in Côte d’Ivoire.
