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Hershey Co (HSY.N)

HSY.N on New York Stock Exchange

108.55USD
20 Sep 2017
Change (% chg)

$-0.86 (-0.79%)
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$109.41
Open
$108.93
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$108.93
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$107.73
Volume
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$116.47
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Latest Key Developments (Source: Significant Developments)

Hershey Trust Co announces sale of Hershey Co common stock
Wednesday, 23 Aug 2017 07:06pm EDT 

Aug 23 (Reuters) - Hershey Trust Company::Hershey Trust Company announces sale of Hershey Company common stock.Hershey Trust says today announced sale of 4.5 million shares of Hershey Company common stock.Hershey Trust Company - has reached an agreement selling 3 million shares of common stock to Morgan Stanley.Hershey Trust says an additional 1.5 million shares of common stock are being sold to Hershey Company.  Full Article

Hershey Q2 earnings per share $0.95
Wednesday, 26 Jul 2017 07:00am EDT 

July 26 (Reuters) - Hershey Co :Hershey announces second-quarter results; updates outlook for 2017.Q2 earnings per share $0.95.Q2 sales $1.663 billion versus i/b/e/s view $1.66 billion.Q2 earnings per share view $0.90 -- Thomson Reuters I/B/E/S.Sees fy 2017 earnings per share $3.41 to $3.60 including items.Sees fy 2017 sales up about 1 percent.Hershey co says full-year net sales expected to increase around 1%, including unfavorable foreign currency exchange rates of about 0.25 points.Hershey co says q2 combined constant currency net sales growth in mexico, brazil and india was about 10%.Hershey co -declared quarterly dividend of $0.656 on common stock and $0.596 on class b common stock, an increase of about 6% on both classes of stock.Hershey - q2 china net sales declined versus last year due to continued softness in chocolate category throughout modern trade and select sku rationalization.Hershey co says expects that broader industry challenges at retail level will persist over remainder of year.Hershey co says net sales in second half of year are anticipated to be about same as year-ago period.Hershey co - continues to expect fy increase in adjusted eps-diluted to be around high end of outlook of $4.72 -$4.81‍​.Hershey co - no change to the company’s full-year outlook related to the increase in adjusted gross margin‍​.Hershey co says there is no change to company's full-year outlook related to increase in adjusted gross margin.  Full Article

Hershey Co's Anthony Palmer reports sale of 7,000 shares of common stock of Hershey on May 31 at $115.837/share ‍​
Friday, 2 Jun 2017 08:45am EDT 

June 2 (Reuters) - Hershey Co ::Hershey Co's Anthony Palmer reports sale of 7,000 shares of common stock of Hershey on May 31 at $115.837/share - sec filing ‍​.  Full Article

Hershey says quarterly dividends of $0.618 on Common Stock, $0.562 on Class B common stock
Tuesday, 2 May 2017 03:11pm EDT 

May 2 (Reuters) - Hershey Co : :Board of directors of Hershey Company today announced quarterly dividends of $0.618 on common stock.Announced quarterly dividend of $0.562 on Class B common stock.  Full Article

Hershey says 2017 adjusted EPS to increase around high end of 7-9 pct range
Wednesday, 26 Apr 2017 07:00am EDT 

April 26 (Reuters) - Hershey Co :Hershey co says full-year net sales expected to increase around low end of 2% to 3% range.Hershey announces first-quarter results; updates 2017 outlook.Q1 earnings per share $0.58.Q1 sales $1.88 billion versus i/b/e/s view $1.9 billion.Q1 earnings per share view $1.25 -- Thomson Reuters I/B/E/S.Sees fy 2017 earnings per share $3.31 to $3.55 including items.Hershey co says adjusted earnings per share-diluted expected to increase around high end of 7% to 9% range of $4.72 to $4.81 for 2017.Hershey co says "expect non-seasonal u.s. Cmg trends to improve over remainder of year".Hershey co says "additionally, macroeconomic challenges persist in china and we expect net sales for full year to be lower there than 2016".Hershey co says expect impact of foreign currency exchange rates to be minimal versus our previous estimate of a 0.25 point headwind for fy.Hershey co says continue to forecast strong productivity and cost savings initiatives in 2017.Hershey co says in 2017 company anticipates its effective tax rate will be slightly lower than its original forecast.Hershey co says china chocolate category retail sales in q1 of 2017 were about same as last year.Fy2017 earnings per share view $4.78, revenue view $7.60 billion -- Thomson Reuters I/B/E/S.Hershey - while preliminary, easter sell through is in line with estimate & sees hershey u.s. Candy, mint & gum april year-to-date retail takeaway to be about 2.5%.Hershey co qtrly adjusted earnings per share $1.31.  Full Article

Hershey announces 5-year extension with CBS Sports, Turner Sports and NCAA
Tuesday, 7 Mar 2017 09:00am EST 

Hershey Co :Announced a five-year extension with CBS Sports, Turner Sports and NCAA to continue its role as "official confectionery partner".  Full Article

Hershey CEO says to cut back on distribution levels in 2017 compared with 2016
Wednesday, 1 Mar 2017 10:18am EST 

Hershey Co at Analyst Day Conference : CEO Michele Buck at analyst conference-"we believe M&A will play an important role in diversifying our portfolio going forward" . CEO Michele Buck at analyst conference- company's 2017 distribution will not be at same levels as 2016 . CEO Michele Buck- will reset international investment; expect about half of margin for growth dollar savings to be in international . CEO Michele Buck at analyst day- will reverse the trend of increasing SG&A expenses, cut cost of goods sold . Hershey CEO Michele Buck- China business will undergo transformation over next three yrs; expect to streamline business, remove low velocity SKUs . CEO Michele Buck-expect international operating income trend to grow meaningfully and believe it will be in the black soon . CEO Michele Buck-co will now focus more on snacking products than confectionary; will seek M&A in snacking category . CEO Michele Buck- in 2017, Co's focus will be on building brand awareness of core products . Hershey-Now expect to grow topline in 2-4 percent range annually from prior forecast of 3-5 percent; sales growth will be at lower end of long term targets . Hershey CEO Michele Buck - no change to long term EPS growth forecast with growth expected to be at upper end . Hershey CEO Michele Buck - expect to expand operating income margins to 22-23 percent in 2019 from 20.4 percent in 2016 from cost saving initiatives.  Full Article

Hershey to reduce its global workforce by about 15 pct
Tuesday, 28 Feb 2017 04:30pm EST 

Hershey Co : Hershey details strategy for continued growth . Hershey Co says margin for growth" program expected to enable investments in business model and generate about 22% to 23% adjusted operating profit margin by year end 2019 . 2017 reported earnings per share-diluted expected to be in $3.19 to $3.45 range . Outlook for 2017 net sales and adjusted earnings per share-diluted reaffirmed . Hershey Co sees FY 2017 adjusted earnings per share-diluted expected to increase 7% to 9% and be in $4.72 to $4.81 range . Says anticipates that program will result in total cumulative pre-tax charges of $375 million to $425 million . Estimates that implementation of program will reduce its global workforce by approximately 15% . Says charges include one-time employee separation benefits of $80 million to $100 million . Cash savings are expected to reach an annual run-rate of between $150 million to $175 million by year end 2019 . Hershey Co says portion of non-cash program costs, included in aforementioned total, are expected to be between $200 million to $225 million . Hershey Co says updates long-term constant currency net sales growth target to 2 percent to 4 percent .Fy2017 earnings per share view $4.79, revenue view $7.61 billion -- Thomson Reuters I/B/E/S.  Full Article

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

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