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Hershey Co (HSY.N)

HSY.N on New York Stock Exchange

108.90USD
24 Feb 2017
Change (% chg)

$0.25 (+0.23%)
Prev Close
$108.65
Open
$108.70
Day's High
$108.99
Day's Low
$108.18
Volume
259,693
Avg. Vol
324,947
52-wk High
$117.79
52-wk Low
$87.95

Latest Key Developments (Source: Significant Developments)

Michele Buck announces Hershey executive team
Thursday, 23 Feb 2017 04:30pm EST 

Hershey Co - : Michele Buck announces Hershey executive team . Hershey Co - Todd Tillemans, Join Hershey on April 3 to lead company's flagship U.S. business including core confection . Hershey Co - Steven Schiller, currently president, China & asia is named president, international. . Hershey Co - chief knowledge and technology officer Waheed Zaman will retire from company effective March 31 .Hershey Co - Hershey Company has undertaken a search for a chief growth officer.  Full Article

Hershey reports Q4 earnings per share $0.55
Friday, 3 Feb 2017 08:05am EST 

Hershey Co : Hershey announces fourth-quarter and full-year 2016 results; provides 2017 outlook . Q4 earnings per share $0.55 . Q4 sales $1.97 billion versus i/b/e/s view $1.98 billion . Hershey Co says unfavorable foreign currency exchange rates a 0.5 point and 0.7 point headwind in Q4 and full year, respectively . Sees FY 2017 adjusted earnings per share $4.72 to $4.81 . Sees FY 2017 earnings per share $4.54 to $4.65 . Sees FY 2017 sales up 2 to 3 percent . Hershey Co says brands responded positively to halloween and holiday investments and co gained 0.3 market share points in each season . Hershey Co says "international macroeconomic challenges persist, especially in China, and we expect a slow start to year in that segment" . Hershey -estimate 2017 net sales growth of 2pct to 3pct, including net benefit from acquisitions of about 0.5 points . Hershey Co says in 2017, company anticipates its effective tax rate to be between 28.5% and 29.0% . Hershey Co says anticipates 2017 adjusted earnings per share-diluted to increase 7pct to 9pct and be in $4.72 to $4.81 range . FY2017 earnings per share view $4.64, revenue view $7.63 billion -- Thomson Reuters I/B/E/S . Hershey Co says north america net sales were $1,690.1 million in Q4 of 2016, an increase of 3.8pct versus same period last year . Hershey Co says Q4 china net sales slightly below forecast due to challenges in modern trade that persist given current macroeconomic environment.  Full Article

Hershey announces quarterly dividends of $0.618 on common stock
Friday, 3 Feb 2017 07:05am EST 

Hershey Co - :Quarterly dividends of $0.618 on common stock and $0.562 on class B common stock.  Full Article

Hershey's appoints Michele Buck as president and CEO
Wednesday, 21 Dec 2016 04:01pm EST 

Hershey Co - : Buck will succeed John P. Bilbrey, who previously announced his intention to retire from company . Michele Buck, currently company's executive vice president and chief operating officer, as Hershey's next president and CEO effective March 1, 2017 . Bilbrey will continue as non-executive chairman of Hershey's board of directors following his retirement as president and ceo .Michele Buck appointed president and CEO of the Hershey company, effective March 1, 2017.  Full Article

Hershey CEO- Expect FY capex to be at low end of $265 mln-$275 mln range
Friday, 28 Oct 2016 09:25am EDT 

Hershey : CEO on conf call - given uncertain outlook in international markets over near term, will continue to assess investment mix across the enterprise . CEO on conf call - Q3 net sales in India declined versus year-ago period due to discontinuance of the edible oil business . CEO on conf call - in China the modern trade hyper market environment continues to be challenging . Estimate that our e-commerce business has about 10 percent share of market in China, look to build on that, driven by singles day in november . CFO- expect advertising and related consumer marketing expense will increase in fourth quarter . CFO- total advertising and related consumer marketing expense declined about 9.6 percent in third quarter . CFO- 2016 China gross sales forecast to decline, but net sales expected to increase as don't anticipate same level of direct trade, returns, discounts allowances as last year . CFO- expect full-year capex to be at low end of our $265 million to $275 million range . COO- snacking is growing faster than total food market and within that seeing a lot of growth in indulgent snacking, "think it's a real opportunity" . Taken over from Brazil JV, now have control over our distribution there and seeing great results from that, even given difficult operating environment . CEO- think people across all income levels beginning to spend a little bit more confidently than they have before.  Full Article

Hershey reports Q3 adjusted eps $1.29 excluding items
Friday, 28 Oct 2016 07:36am EDT 

Hershey Co - : Hershey announces third-quarter results . Hershey announces third-quarter results . Q3 SHR $1.06 . Q3 sales $2.004 billion versus i/b/e/s view $1.99 billion . Q3 earnings per share view $1.18 -- Thomson Reuters I/B/E/S . Hershey co - outlook for 2016 net sales and earnings per share-diluted updated . Sees fy 2016 earnings per share $3.82 to $3.90 including items . Sees fy 2016 sales up about 1 percent . Hershey co - full-year net sales expected to increase around 1% . Fy2016 earnings per share view $4.26 -- Thomson Reuters I/B/E/S . Hershey co says additionally, company continues to expect fy gross margin to be slightly below last year due primarily to unfavorable sales mix . Fy2016 earnings per share view $4.26, revenue view $7.45 billion -- Thomson Reuters I/B/E/S . Hershey co says fy business productivity and cost savings programs are on track . Hershey co - impact of unfavorable foreign currency exchange rates is expected to be about 0.75 points on fy net sales . Hershey - impact of unfavorable foreign currency exchange rates is expected to be about 0.75 points versus previous estimate of around 1 point on fy net sales . Hershey co - continues to expect fy gross margin to be slightly below last year due primarily to unfavorable sales mix . Hershey co says in q3 of 2016, china chocolate category retail sales declined about 4.0%.  Full Article

Hershey declares quarterly dividends of $0.618 on common stock
Friday, 14 Oct 2016 04:13pm EDT 

Hershey Co :Quarterly dividends of $0.618 on common stock and $0.562 on class B common stock.  Full Article

Hershey Co CEO John P. Bilbrey to retire
Friday, 14 Oct 2016 07:19am EDT 

Hershey Co : John P. Bilbrey announces intention to retire as ceo of the hershey company . Hershey co - process to identify successor underway; company reaffirms outlook for full year 2016 . Hershey co - bilbrey will continue as non-executive chairman of hershey's board of directors following his retirement as president and ceo. . Hershey co - bilbrey will continue as non-executive chairman of hershey's board of directors following his retirement as president and ceo . Hershey co says board has appointed a special committee to direct search for a new CEO . Hershey co - company also reaffirmed its full-year 2016 outlook outlined in company's Q2 2016 earnings announcement . Special committee will review internal and external candidates with assistance from Egon Zehnder, a leading executive search firm . Hershey co - special committee is led by Pamela Arway, chair of governance committee . Fy2016 earnings per share view $4.26, revenue view $7.45 billion -- Thomson Reuters I/B/E/S .Hershey co - chief executive officer Bilbrey intends to retire from company July 1, 2017.  Full Article

Mondelez raised bid for Hershey's to $115/share last week - CNBC, citing DJ
Monday, 29 Aug 2016 04:45pm EDT 

:Mondelez raised bid for Hershey's to $115/share last week before giving up; Hershey wanted at least $125 - CNBC, citing DJ.  Full Article

Mondelez International no longer pursuing combination with Hershey
Monday, 29 Aug 2016 04:08pm EDT 

Mondelez International Inc : Mondelez International Inc says it has ended discussions with Hershey Company regarding a possible combination of two companies .Taking into account shareholder developments at Hershey, determined that there is no actionable path forward toward an agreement.  Full Article

More From Around the Web

BRIEF-Michele Buck announces Hershey executive team

* Hershey Co - Todd Tillemans, Join Hershey on April 3 to lead company's flagship U.S. business including core confection