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Hershey Co (HSY.N)

HSY.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hershey Q4 Earnings Per Share $1.60
Thursday, 31 Jan 2019 07:00am EST 

Hershey Co ::HERSHEY REPORTS FOURTH-QUARTER AND FULL-YEAR 2018 FINANCIAL RESULTS; PROVIDES 2019 OUTLOOK.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $5.63 TO $5.74.Q4 EARNINGS PER SHARE $1.60.Q4 SALES ROSE 2.5 PERCENT TO $1.988 BILLION.SEES FY 2019 EARNINGS PER SHARE $5.50 TO $5.66.SEES FY 2019 SALES UP 1 TO 3 PERCENT.FY2019 EARNINGS PER SHARE VIEW $5.65 -- REFINITIV IBES DATA.QTRLY ADJUSTED EARNINGS PER SHARE-DILUTED OF $1.26.FULL-YEAR 2019 REPORTED NET SALES ARE EXPECTED TO INCREASE IN 1% TO 3% RANGE.Q4 CONSTANT CURRENCY NET SALES GROWTH OF 3.1%, WITH A 0.6 POINT HEADWIND FROM FOREIGN CURRENCY EXCHANGE.  Full Article

Hershey Co Says Quarterly Dividends Of $0.722 On Common Stock And $0.656 On Class B Common Stock
Thursday, 25 Oct 2018 07:05am EDT 

Oct 25 (Reuters) - Hershey Co ::HERSHEY CO - QUARTERLY DIVIDENDS OF $0.722 ON COMMON STOCK AND $0.656 ON CLASS B COMMON STOCK.  Full Article

The Hershey Company CEO Michele Buck Says M&A Will Remain A Strategy For Co Going Forward - CNBC
Thursday, 27 Sep 2018 07:40am EDT 

Sept 27 (Reuters) - :THE HERSHEY COMPANY CEO MICHELE BUCK SAYS M&A WILL REMAIN A STRATEGY FOR CO GOING FORWARD - CNBC.  Full Article

Hershey Announces Offering Of Notes Due 2020, Notes Due 2021 And Notes Due 2023
Thursday, 3 May 2018 08:52am EDT 

May 3 (Reuters) - Hershey Co ::THE HERSHEY COMPANY ANNOUNCES OFFERING OF NOTES DUE 2020, NOTES DUE 2021 AND NOTES DUE 2023.HERSHEY CO - TO USE PROCEEDS OF NOTES OFFERING TO REPAY PORTION OF COMMERCIAL PAPER ISSUED TO FUND AMPLIFY SNACK BRANDS DEAL.  Full Article

Hershey Reports Q1 Adjusted Earnings Per Share $1.41
Thursday, 26 Apr 2018 07:00am EDT 

April 26 (Reuters) - Hershey Co ::HERSHEY REPORTS FIRST-QUARTER RESULTS; REAFFIRMS 2018 EARNINGS, REFINES SALES OUTLOOK.SEES FY ADJUSTED EARNINGS PER SHARE $5.33 TO $5.43.Q1 EARNINGS PER SHARE $1.65.Q1 SALES $1.972 BILLION VERSUS $1.88 BILLION.SEES FY 2018 EARNINGS PER SHARE $4.73 TO $4.98 INCLUDING ITEMS.Q1 ADJUSTED EARNINGS PER SHARE $1.41.IN 2018, COMPANY ESTIMATES NET SALES TO INCREASE TOWARDS LOWER END OF PREVIOUSLY COMMUNICATED RANGE OF 5% TO 7%.AMPLIFY ACQUISITION IS ON TRACK AND DELIVERING ACCELERATED EARNINGS ACCRETION IN 2018.ADJUSTED GROSS MARGIN WAS 44.9% IN Q1 OF 2018 COMPARED TO 47.5% IN Q1 OF 2017.Q1 GROSS MARGIN RESULT WAS BELOW EXPECTATIONS DRIVEN BY UNFAVORABLE MIX, COST OF COMPLEXITY AND HIGHER INPUT COSTS.IMPACT OF FOREIGN CURRENCY EXCHANGE RATES IS ESTIMATED TO BE NEGLIGIBLE FOR 2018.HERSHEY-QTRLY BUSINESS IN CHINA CONTINUED TO SEQUENTIALLY IMPROVE, RESULTING IN CONSTANT CURRENCY NET SALES INCREASE OF ABOUT 1 PERCENT VERSUS YEAR AGO PERIOD.FOR FY, EXPECTS ADJUSTED GROSS MARGIN TO DECREASE AROUND 125 BASIS POINTS VERSUS PREVIOUS OUTLOOK OF ABOUT SAME YEAR OVER YEAR.EXPECTS TO DELIVER TOWARDS HIGH END OF $150 MILLION TO $175 MILLION MARGIN FOR GROWTH PROGRAM TARGET BY 2019.TOTAL CAPITAL ADDITIONS, INCLUDING SOFTWARE, ARE NOW EXPECTED TO BE $355 MILLION TO $375 MILLION FOR 2018.  Full Article

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

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Hershey's earnings miss overshadows strong forecast

Hershey Co on Thursday reported quarterly profit and sales that narrowly missed Wall Street estimates, hurt by lower prices, overshadowing a profit forecast for the full year that was largely above analysts' estimates.