The Hershey Company produces chocolate and non-chocolate confectionery products. The company markets, sells, and distributes its products under approximately 80 brand names in approximately 70 countries worldwide. Segments The company operates through two segments, North America, and International and Other. North America This segment is responsible for the company’s traditional chocolate and sugar confectionery market position, as well as its grocery and improving snacks market positions, in the United States and Canada. This includes developing and improving the company’s business in chocolate and non-chocolate confectionery, refreshment, pantry, food service and other snacking product lines. International and Other This segment includes all other countries where the company manufactures, imports, markets, sells, or distributes chocolate and non-chocolate confectionery and other products. This includes the company’s 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 the company’s 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 worldwide. Products The company’s principal confectionery offerings include chocolate and non-chocolate confectionery products; 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. Within the company’s North America markets, its product portfolio includes various chocolate offerings marketed and sold under the renowned brands of Hershey’s, Reese’s, and Kisses, along with other popular chocolate and non-chocolate confectionery brands, such as Jolly Rancher, Almond Joy, Brookside, Cadbury, Good & Plenty, Heath, Kit Kat, Lancaster, Payday, Rolo, Twizzlers, Whoppers and York. The company also offers premium chocolate products, primarily in the U.S., through the Scharffen Berger and Dagoba brands. The company’s gum and mint products include Ice Breakers mints and chewing gum, Breathsavers mints, and Bubble Yum bubble gum. The company’s 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 Hershey’s and Reese’s chocolate spreads and snack bites and mixes, Krave meat jerky products and Brookside fruit and nut bars. Within the company’s International and Other markets, it manufactures, markets, and sells many of these same brands, as well as other brands that are marketed regionally, 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. Customers The company’s customers are mainly wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires and department stores. The majority of the company’s customers, with the exception of wholesale distributors, resell its products to end-consumers in retail outlets in North America and other locations worldwide. In 2015, approximately 26% of the company’s consolidated net sales were made to McLane Company, Inc., a primary wholesale distributor in the United States to convenience stores, drug stores, wholesale clubs and mass merchandisers and the primary distributor of the company’s products to Wal-Mart Stores, Inc. Divestures In 2015, the company completed the sale of Mauna Loa Macadamia Nut Corporation. Seasonality The company’s sales are typically higher during the third and fourth quarters of the year (year ended December 2015), representing seasonal and holiday-related sales patterns. Regulation In the United States, the company’s activities are subject to regulation by various government agencies, including the Food and Drug Administration, the Department of Agriculture, the Federal Trade Commission, the Department of Commerce, and the Environmental Protection Agency, as well as various state and local agencies. Similar agencies also regulate the company’s businesses outside of the United States. History The Hershey Company was founded in 1894. The company was incorporated under the laws of the state of Delaware in 1927.
hershey co/the (HSY:New York)
100 Crystal A Drive
Hershey, PA 17033
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