hershey co/the (HSY) Key Developments
The Hershey Company Appoints Peter Horst as Senior Vice President and Chief Marketing Officer, Effective July 27
Jul 16 15
The Hershey Company announced that marketing veteran Peter Horst will join the company as Senior Vice President, Chief Marketing Officer, effective July 27. Horst joins Hershey from Capital One Financial Corporation where he served as Senior Vice President, Brand Marketing, and prior to that, Chief Marketing Officer for Capital One Bank.
Hershey Company Provides Earnings Guidance for the Full Year of 2015
Jun 30 15
The Hershey Company has announced that the company expects to report diluted EPS for 2015 in the range of $3.62 to $3.79. The company estimates full-year 2015 net sales will increase around 2.5% to 3.5%, including a net benefit from acquisitions and divestitures of about 1.5 percentage points and unfavorable foreign currency exchange of approximately 1.5 percentage points. For the full year, the company expects gross margin expansion of 135 to 145 basis points as solid North America gains, driven by price realization, are partially offset by the impact of increased direct trade related to the China trade inventory destocking. The company expects adjusted earnings per share-diluted to be in the $4.10 to $4.18 range, an increase of 3% to 5% versus 2014, including dilution from acquisitions and divestitures of around $0.20 per share.
The Hershey Company Seeks Acquisitions
Jun 26 15
The Hershey Company (NYSE:HSY) is seeking acquisitions. HSY is selling debt securities, the net proceeds from the sale will be added to general funds to meet capital additions and working capital requirements, to repay debt, to fund any pension liability requirements, to fund the repurchase of shares and to fund acquisitions which we may make from time to time.
Hershey Plans to Cut 300 Jobs
Jun 20 15
Hershey slashed its sales and earnings outlook for the year and announced plans to cut 300 jobs amid an abrupt slowdown in chocolate sales in China.
Hershey Company to Cut 300 Jobs
Jun 19 15
Hershey Company announced that it cut its full-year sales and EPS guidance due to weakness in the China market and said it was beginning a productivity initiative that will result in the loss of 300 jobs.