Key Developments: Hershey Co (HSY)
90.10USD
17 May 2013
$0.16 (+0.18%)
$89.94
$89.96
$90.10
$89.25
1,211,223
1,083,787
$91.99
$65.43
Latest Key Developments (Source: Significant Developments)
Hershey Co Announces Pricing Of $250 Million 2.625% Notes Due 2023
Hershey Co announced that the pricing of its offering of $250 million of 2.625% notes due 2023 (the Notes Offering) in a public offering. The Hershey Company intends to use the net proceeds of the Notes Offering for general corporate purposes. Full Article
Hershey Co Announces Proposed Offering Of Notes Due 2023
Hershey Co announced that it is offering (the Notes Offering) to sell notes due 2023 in a public offering. The Hershey Company intends to use the net proceeds of the Notes Offering for general corporate purposes. Full Article
Hershey Co Declares Quarterly Dividends
Hershey Co announced quarterly dividends of $0.42 on the Common Stock and $0.38 on the Class B Common Stock. The dividends are payable June 14, 2013, to stockholders of record May 24, 2013. Full Article
The Hershey Co Lowers FY 2013 EPS Guidance; Reaffirms FY 2013 Revenue Guidance
The Hershey Co announced that for fiscal 2013, it expects reported earnings per share-diluted of $3.52 to $3.58. This projection, prepared in accordance with GAAP, assumes business realignment charges and NSRPE costs of $0.07 to $0.09 per share-diluted. Charges associated with the Project Next Century program are expected to be $0.03 to $0.05 per share-diluted while NSRPE is expected to be $0.04 per share-diluted. The Company continues to expect fiscal 2013 net sales growth of 5% to 7%, including the impact of foreign currency exchange rates. Net sales will be driven primarily by core brand volume growth, the U.S. launch of the Brookside product line in the food, drug and mass channels, as well as innovation such as Kit Kat Minis, Twizzlers Bites and Jolly Rancher Bites in the U.S. and the expansion of the five core global brands, Hershey's, Reese's, Hershey's Kisses, Jolly Rancher and Ice Breakers in key international markets. The Company expects adjusted earnings per share-diluted growth of about 12% versus a previous estimate of a 10% to 12% increase. The Company reported revenue of $6.644 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $7.066 billion and EPS of $3.64 for fiscal 2013. Full Article
The Hershey Co Comments On Long Term Organic Revenue Guidance-Conference Call
The Hershey Co announced that based on current exchange rates, it would expect organic revenue growth of around 15% to 20% per year over the next five years. This would result in organic net sales of about $1.5 billion to $2 billion outside the US and Canada by the end of 2017 and represent nearly 20% of the Company's total net sales. This leaves well positioned to capture the opportunities that lie ahead and ultimately increasing shareholder value on aspirational path to $10 billion in net sales by the end of 2017. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $7.0 billion for fiscal 2013; revenue of $7.4 billion for fiscal 2014. Full Article
The Hershey Co Reaffirms FY 2013 Revenue Guidance; Raises FY 2013 EPS Guidance; Declares Quarterly Dividends
The Hershey Co reaffirmed its net sales outlook and increased diluted earnings per share for fiscal 2013. The Company expects 2013 net sales growth of 5% to 7%, including the impact of foreign currency exchange rates. Net sales will be driven primarily by core brand volume growth, the U.S. launch of the Brookside product line in the food, drug and mass channels, as well as innovation such as Kit Kat mini's, Twizzlers Bites, Jolly Rancher Bites and yet to be announced products. The Company also announced that for fiscal 2013, it expects reported earnings per share-diluted to be $3.47 to $3.56 and adjusted earnings per share-diluted (EPS) to increase 10%-12% and be in the $3.56 to $3.63 range, greater than the previous estimate of an 8%-10% increase . The Company also announced quarterly dividends of $0.42 on the Common Stock and $0.38 on the Class B Common Stock. The dividends are payable March 15, 2013, to stockholders of record February 25, 2013. Full Article
The Hershey Co Raises FY 2012 EPS Guidance; Raises Low End Of Prior FY 2012 Revenue Guidance; Comments On FY 2013 Revenue Guidance; Issues FY 2013 EPS Guidance
The Hershey Co announced that for fiscal 2012, net sales growth range narrowed; expected to increase 8-9%, including Brookside acquisition. The Company adjusted earnings per share (EPS) guidance and expects reported EPS-diluted to be $2.87 to $2.92, adjusted EPS-diluted to increase 14%-15%, be in the $3.22 to $3.25 range, greater than the previous estimate of a 12%-14% increase. In fiscal 2013, the Company expects reported EPS-diluted of $3.37 to $3.49. These results are expected to include business realignment charges, NSRPE and acquisition and integration costs of $0.09 to $0.11 per share-diluted. Fiscal 2013 net sales and adjusted EPS-diluted expected to be within the Company's long-term targets. Full Article
The Hershey Co Increases Quarterly Dividends
The Hershey Co announced that it declared a quarterly dividend of $0.42 on the Common Stock, an increase of $0.04 per share. In addition, the Board declared a dividend of $0.38 on the Class B Common Stock, an increase of $0.036 per share. The dividends are payable December 14, 2012, to stockholders of record November 23, 2012.nced that Full Article
The Hershey Co Declares Quarterly Dividends
The Hershey Co announced quarterly dividends of $0.38 on the Common Stock and $0.344 on the Class B Common Stock. The dividends are payable September 14, 2012, to stockholders of record August 24, 2012. Full Article
The Hershey Co Reaffirms FY 2012 Revenue Guidance; Raises FY 2012 EPS Guidance
The Hershey Co updated fiscal 2012 guidance and expects sales to increase 7%-9% and adjusted earnings per share diluted expected to increase 12%-14%, greater than the previous estimate of 10%-12%. The Company reported revenue of $6.080 billion and EPS of $2.55 in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $6.57 billion for fiscal 2012. Full Article
Sweet adieu - Hershey chocolate birthplace meets wrecking ball
HERSHEY, Pa., May 4 - Demolition crews are clearing the last remnants from the Hershey Co. site where the famous chocolate maker gave candy lovers their first Kiss more than 100 years ago.
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