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Hershey Co (HSY.N)

HSY.N on New York Stock Exchange

109.37USD
19 Jan 2018
Change (% chg)

$1.58 (+1.47%)
Prev Close
$107.79
Open
$108.15
Day's High
$109.54
Day's Low
$108.15
Volume
406,438
Avg. Vol
259,456
52-wk High
$116.47
52-wk Low
$102.04

Latest Key Developments (Source: Significant Developments)

Hershey Says Entered Into Credit Agreement To Borrow Up To $1.5 Bln
Tuesday, 9 Jan 2018 09:15am EST 

Jan 9 (Reuters) - Hershey Co ::HERSHEY SAYS ON JAN 8, CO ENTERED INTO 364 DAY CREDIT AGREEMENT - SEC FILING.HERSHEY - PURSUANT TO CREDIT AGREEMENT CO MAY BORROW UP TO $1,500 MILLION ON UNSECURED, REVOLVING BASIS.  Full Article

Hershey To Acquire Amplify Snack Brands For $1.6 Bln
Monday, 18 Dec 2017 07:01am EST 

Dec 18 (Reuters) - Hershey Co ::HERSHEY ENTERS INTO AGREEMENT TO ACQUIRE AMPLIFY SNACK BRANDS, INC..HERSHEY CO - DEAL FOR $12.00 PER SHARE IN CASH.HERSHEY CO - DEAL EXPECTED TO BE ACCRETIVE TO ADJUSTED EARNINGS PER SHARE IN FIRST-YEAR POST CLOSING.HERSHEY CO - DEAL VALUED AT APPROXIMATELY $1.6 BILLION.HERSHEY CO - TRANSACTION WILL BE FUNDED WITH CASH ON HAND AND NEW DEBT AND IS NOT EXPECTED TO IMPACT HERSHEY'S CURRENT RATINGS.HERSHEY CO - ‍AGREEMENT HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES​.HERSHEY CO - ACQUISITION IS NOT EXPECTED TO AFFECT PREVIOUSLY ANNOUNCED FULL YEAR 2017 OUTLOOKS PROVIDED IN HERSHEY'S & AMPLIFY'S Q3 EARNINGS RELEASE.HERSHEY CO - ‍ANNUAL RUN-RATE SYNERGIES OF ABOUT $20 MILLION EXPECTED TO BE GENERATED OVER NEXT 2 YEARS FROM COST SAVINGS AND PORTFOLIO OPTIMIZATION​.  Full Article

Hershey Nears $1.6 Billion Deal To Acquire Skinnypop Parent Amplify- CNBC
Monday, 18 Dec 2017 01:24am EST 

Dec 18 (Reuters) - :HERSHEY NEARS $1.6 BILLION DEAL TO ACQUIRE SKINNYPOP PARENT AMPLIFY- CNBC, CITING SOURCES.DEAL VALUES AMPLIFY AT $12 A SHARE- CNBC, CITING SOURCES.  Full Article

Hershey in China expects to breakeven or have better operating results for 2017
Thursday, 26 Oct 2017 08:45am EDT 

Oct 26 (Reuters) - Hershey Co :On conf call- working on plans to improve performance of non-core candy brands‍​.On conf call- year-to-date U.S. E-Commerce sales up about 40 percent.On conf call- in China, small format stores continue to show growth, outpacing performance in hypermarkets.China strategy to focus on Hershey brand's messaging, continued e-commerce penetration and smaller store format expansion.In China, expect to breakeven or have better operating results for this year.We've had an active SKU rationalization program where we are eliminating merchandising SKUs, many smaller things.  Full Article

Hershey ‍board announces quarterly dividends of $0.656 on common stock and $0.596 on class B common stock​
Friday, 6 Oct 2017 08:00am EDT 

Oct 6 (Reuters) - Hershey Co :Hershey Co - ‍board announced quarterly dividends of $0.656 on common stock and $0.596 on class b common stock​.  Full Article

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

BRIEF-Hershey Says Entered Into Credit Agreement To Borrow Up To $1.5 Bln

* HERSHEY SAYS ON JAN 8, CO ENTERED INTO 364 DAY CREDIT AGREEMENT - SEC FILING