Profile: Hershey Co (HSY)
8 Dec 2016
The Hershey Company, incorporated on October 24, 1927, is a producer of chocolate and non-chocolate confectionery. The Company's principal confectionery offerings include gum and mint refreshment products; pantry items, such as baking ingredients, toppings and beverages, and snack items, such as spreads, meat snacks, bars, and snack bites and mixes. The Company operates through two segments: North America, and International and Other. The Company markets, sells and distributes its products under approximately 80 brand names in over 70 countries across the world. The Company's manufacturing facilities are located in Hershey and Lancaster, Pennsylvania; Monterrey, Mexico, and Stuarts Draft, Virginia. The United States, Canada and Mexico facilities support its North America segment, while the China and Malaysia facilities serve its International and Other segment. The Company's customers are wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires and department stores.
The Company's North America segment is responsible for its chocolate and sugar confectionery business, as well as its grocery and snacks business, in the United States and Canada. This includes developing and growing its business in chocolate and non-chocolate confectionery, refreshment, pantry, food service and other snacking product lines. Within its North America markets, the Company's product portfolio includes a range of chocolate offerings marketed and sold under the brands of Hershey's, Reese's and Kisses, along with other chocolate and non-chocolate confectionery brands, such as Jolly Rancher, Almond Joy, Brookside, Good & Plenty, Heath, Kit Kat, Lancaster, Payday, Rolo, Twizzlers, Whoppers and York. The Company also offers chocolate products, in the United States, through the Scharffen Berger and Dagoba brands. Its gum and mint products include Ice Breakers mints and chewing gum, Breathsavers mints and Bubble Yum bubble gum. Its pantry and snack items that are principally sold in North America include baking products and toppings, and sundae syrups sold under the Hershey's, Reese's and Heath brands, as well as a Hershey's and Reese's chocolate spreads and snack bites and mixes, Krave meat jerky products and Brookside fruit and nut bars.
International and Other
The Company's International and Other segment includes all other countries where the Company manufactures, imports, markets, sells or distributes chocolate and non-chocolate confectionery, and other products. This includes its operations in China and other Asia markets, Latin America, Europe, Africa and the Middle East, along with exports to these regions. This segment also includes its global retail operations, including Hershey's Chocolate World stores in Hershey, Pennsylvania, New York City, Chicago, Las Vegas, Shanghai, Niagara Falls (Ontario), Dubai and Singapore, as well as operations associated with licensing the use of certain trademarks and products to third parties around the world. Within its International and Other markets, the Company manufactures, markets and sells a range of brands. It also markets brands, such as Golden Monkey confectionery and snack products in China, Pelon Pelo Rico confectionery products in Mexico, IO-IO snack products in Brazil, and Nutrine and Maha Lacto confectionery products and Jumpin and Sofit beverage products in India.
100 Crystal a Dr,
PO Box 810-EXTERNAL
HERSHEY PA 17033-9524
Company Web Links
- Hershey profit beats estimates on U.S. demand, lower ad spending
- UPDATE 3-Hershey profit beats estimates on U.S. demand, lower ad spending
- BRIEF-Hershey CEO- Expect FY capex to be at low end of $265 mln-$275 mln range
- BRIEF-Hershey reports Q3 adjusted eps $1.29 excluding items
- Hershey posts higher quarterly revenue