hershey co/the (HSY) Key Developments
The Hershey Company Presents at Citi 2015 Global Consumer Conference, May-27-2015
May 9 15
The Hershey Company Presents at Citi 2015 Global Consumer Conference, May-27-2015 . Venue: The Plaza, a Fairmont Managed Hotel, Fifth Avenue at Central Park South, New York, NY 10019, United States.
The Hershey Company Declares Quarterly Dividends, Payable on June 15, 2015
Apr 27 15
The Board of Directors of The Hershey Company announced quarterly dividends of $0.535 on the Common Stock and $0.486 on the Class B Common Stock. The dividends are payable June 15, 2015, to stockholders of record May 26, 2015.
The Hershey Company Announces Unaudited Consolidated Earnings Results for First Quarter Ended April 5, 2015 ; Revises Earnings Guidance for the Full Year 2015
Apr 23 15
The Hershey Company announced unaudited consolidated earnings results for first quarter ended April 5, 2015. For the quarter, the company reported net sales of $1,937,800,000, income before interest and income taxes of $394,006,000, income before income taxes of $374,804,000, net income of $244,737,000 or $1.1 per diluted share, non-GAAP EBIT of $393,766,000, non-GAAP net income of $243,466,000 or $1.09 per diluted share compared to the net sales of $1,871,813,000, income before interest and income taxes of $403,606,000, income before income taxes of $382,321,000, net income of $252,495,000 or $1.11 per diluted share, non-GAAP EBIT of $417,098,000, non-GAAP net income of $259,975,000 or $1.15 per diluted share for the same quarter a year ago.
The company estimateed full-year 2015 net sales to increase 4.5% to 5.5%, including a net benefit from acquisitions and divestitures1 of about 2.5 points and unfavorable foreign currency exchange. The company expects foreign currency exchange translation to have an unfavorable impact of approximately 1.5 percentage points on full-year net sales growth versus a previous estimate of about 1.0 percentage points. Excluding the net benefit of acquisitions and divestitures and unfavorable foreign currency exchange rates, full-year net sales are expected to increase 3.5% to 4.5%. This is less than the previous estimate of 4.0% to 6.0%, primarily due to lower than expected growth in China. For the full year, the company expected that price realization, the increase in gross margin expansion from 135 to 145 basis points to 155 to 165 basis points and Shanghai Golden Monkey accretion in the second half of the year, will contribute to an increase in adjusted earnings per share-diluted of 8% to 10%, including dilution from acquisitions and divestitures of $0.03 to $0.05 per share.
The Hershey Company Announces Results of First Phase of Palm Oil Supply Tracing
Apr 21 15
The Hershey Company announced the results of its first phase in tracing its global palm oil supply chain. Working in partnership with The Forest Trust (TFT), Hershey has traced its supply chain to more than 94% of all the mills that supply its palm and palm kernel oil globally. Hershey’s supply mapping has given the company insight into its palm oil sources from suppliers originating back to the mill level. This information will help the company better understand if any sourcing is linked to areas of potential deforestation or social challenges within the production of its palm oil. While Hershey completes its mill-level mapping, the company has begun the next phase of work " mapping its palm oil supply chain back to the plantation level " which it expects to complete in 2016. Key highlights of Hershey’s palm oil tracing: More than 1,200 mills supply palm oil to Hershey manufacturing facilities worldwide, Mills are located in two regions; Southeast Asia (1,235 mills) and Central America (11 mills), Palm oil is used in 13 Hershey plants located in three countries: The United States (9 plants), Mexico (2 plants) and China (2 plants). Tracing Hershey’s palm oil supply is part of a commitment the company made in 2014 to source responsible, traceable palm oil. As part of this commitment, Hershey implemented a new, comprehensive palm oil sourcing policy for all of its palm suppliers. The mapping work is helping to clarify the level of cooperation needed from palm oil suppliers for Hershey to achieve its responsible sourcing goals. Hershey is working with TFT, a respected global non-profit organization that works with companies to help transform the way they source their products.
The Hershey Company Announces Launch of New Hershey's Caramels
Apr 21 15
The Hershey Company announced the launch of new Hershey's Caramels, the perfect marriage of delicious Hershey's chocolate with smooth, creamy caramel that makes every day feel a little fancy. Hershey's Caramels are made with a unique process that delivers a luscious experience in each and every bite. Made with sea salt, molasses and fresh dairy butter, each bite of caramel provides a silky, smooth texture and flavor. The caramel pieces are enrobed with just the right amount of rich milk or dark chocolate to ensure the perfect balance of chocolate and caramel in each piece. Cocoa is added to the milk chocolate variety to provide a rich, deep chocolate flavor that complements the sweetness of the caramel. Each piece of Hershey's Caramels is then touch decorated for a gourmet, hand-crafted appearance. Individually wrapped in milk chocolate or dark chocolate varieties, Hershey's Caramels are now available in a 7.2 ounce stand up pouch at mass, grocery, drug and specialty retailers nationwide (suggested retail price of $4.19). Hershey's Caramels in milk chocolate are also available in a 1.1 ounce bar (of $1.29).