After announcing that it would hike wholesale prices by 9-10% on its single-serve products, which account for roughly a third of its total sales, The Hershey Company has reported a better-than-expected quarterly profit but forecast 2019 earnings below...
Following an investigation published in The Washington Post in June, two Democratic lawmakers requested that existing laws prohibiting such imports be enforced.
Rovema North America, (part of Rovema), which designs and supplies packaging machinery for the food industry, has received a 2019 Supplier Excellence Award for Innovation from the Hershey Company.
Hershey, which will relaunch its version of the peanut, pretzel, caramel and chocolate candy this summer, asked consumers to compare old and new: the Reese’s name won them over.
Lauren Jauregui, who started touring as a teenager with girl group Fifth Harmony, will headline the candy maker’s first-ever Makers of Good Teen Summit in New York City on June 20.
In this exclusive ConfectioneryNews’ podcast we talk to Kaylee Dugan and Laura Renaud, part of the company’s communications team, on what’s trending and how Hershey are managing to keep ahead of the competition.
New on the stand will be Duos Mint + Dark Chocolate KitKat, which goes on sale nationwide in December, with more offerings from Reese’s and Emoji Bars.
New action plans are integrated into Hershey’s broader Cocoa For Good Strategy and says they deliver the company’s commitment to the Cocoa & Forests Initiative.
Confectionery giant’s deep dive into discovering and mastering the keys to shopper decision making comes at a timely moment with the retail landscape in a constant state of flux.
More than two in three US parents make Easter baskets, according to the National Confectioners Association – here are several that might find a new home this year: Hershey put Reese’s Pieces inside other candy, Cadbury added shimmer to its chocolate eggs,...
The overriding theme at the National Association of Convenience Stores (NACS) annual State of the Industry Summit, held in Chicago, was one of evolution. The old convenience store model of ‘smokes, cokes and gasoline’ has morphed into a more complex retail...
What’s the best part of a Reese’s Peanut Butter Cup – the chocolate or the peanut butter? Fans can decide with a first taste of Reese’s Lovers Cups over the next two days in NYC.
Cocoa origin claims on chocolate products are rare and at odds with the main sourcing regions of cocoa, a study from Lumina Intelligence has found, is it worthwhile for brands to indicate cocoa origin on-pack and online?
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...
