Hershey

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Hershey is a North America-based chocolate company. Founded by Milton S. Hershey in 1894, Hershey is a public company, listed on the New York Stock Exchange as HSY. The head office for Hershey is located in Derry Township, Pennsylvania, USA. Hershey has a majority of its voting shares controlled by The Hershey Trust.

Latest Insights

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Dean Best | 31 Aug 2016

Mondelez International, the owner of Cadbury, Milka and Toblerone, this week announced the end of its plans to gobble up another chocolate major, US-based group Hershey. Now the prospect of a US$23bn takeover is off the table, industry watchers are speculating about what could be on the horizon for both companies. Dean Best reports.


Katy Askew | 2 Aug 2016

The Hershey Trust, which owns over 80% of the US confectioner's voting rights, has reached an agreement with the Pennsylvania Attorney General's office to settle concerns over its governance - and there could be consqeuences for Mondelez International's interest in the Reese's maker.


Katy Askew | 4 Jul 2016

Hershey turned down a takeover approach from Mondelez International last week (30 June). At US$107 per share, the cash-and-shares offer valued the Reese's Pieces maker at approximately US$22.83bn. Here is just-food's summary of what you need to know about the deal. 


Hannah Abdulla | 27 Apr 2016

Hershey's first-quarter results contained a triple whammy yesterday (26 April) as the confectioner reported falling sales and earnings, cuts to forecasts for 2016 and upped its cost savings targets from 2017. The company's results were hit by continued pressure in China and challenges in North America. Hershey, however, announced the acquisition of snacks brand BarkThins and, on a conference call with investors, the Reese's owner appeared confident it was taking the right steps to improve its performance.

Latest Interviews

Katy Askew | 22 Oct 2015

CSM Bakery Solutions came to life two years ago when Rhône Capital acquired the bakery supplies business of Dutch food and ingredients group CSM. At the time, Rhône Capital said it would invest in CSM's capacity to innovate and use its customer relationships to support global growth. Katy Askew spoke to CSM vice president of bakery products, Sebastian Siethoff, to find out more. 


Ben Cooper | 3 Apr 2013

Hershey has become the latest major chocolate company to make a bold public commitment to sustainable cocoa. Andy McCormick, Hershey's vice president, cocoa sustainability, spoke with Ben Cooper about the company's 21st Century Cocoa Plan and its commitment to collective efforts to achieve a sustainable cocoa sector.

Latest News

Dean Best | 24 Feb 2017

New Hershey CEO Michele Buck has announced her leadership team - which is set to see the return of the role of chief growth officer at the confectionery giant.


Dean Best | 3 Feb 2017

Hershey today (3 February) reported underlying fourth-quarter earnings - and issued a forecast for its 2017 adjusted EPS - above Wall Street estimates.


Dean Best | 3 Jan 2017

Hershey has launched its "premium" chocolate brand Brookside in India.


Katy Askew | 22 Dec 2016

Hershey has announced it will promote its chief operating officer, Michele Buck, to the post of CEO when John Bilbrey retires next year. 


Stuart Todd | 20 Dec 2016

Hershey has launched its products on the French market for the first time, the US chocolate group's local distributor, Mediascore Food, has confirmed to just-food.


Katy Askew | 31 Oct 2016

US chocolate group Hershey has raised its forecast for full-year earnings after booking an increase in third-quarter sales and profits. 


Dean Best | 14 Oct 2016

Hershey has confirmed J.P. Bilbrey, the US confectionery giant's chairman, president and CEO, is to retire from the business next year.


Katy Askew | 14 Oct 2016

J.P. Bilbrey, the chief executive of US chocolate giant Hershey, is preparing to stand down "by next summer", according to Reuters. 


Dean Best | 11 Oct 2016

Hershey is entering the UK biscuit market with a Reese's-branded product through a tie-up with UK baker Lightbody Ventures.


Dean Best | 4 Oct 2016

Hershey is targeting demand in the US for different "tastes and textures" in the snacks they eat with a new bar containing cookie bits and "decadent" fillings.


John Shepherd | 8 Sep 2016

US confectioner Hershey and its California-based chocolate arm Scharffen Berger are entering the online meal kit market in partnership with web-based retailer Chef'd, in what the firms said is a first for branded desserts.


Katy Askew | 30 Aug 2016

Mondelez International has ended discussions with Hershey over a potential acquisition, the Cadbury owner has announced.


Katy Askew | 28 Jul 2016

Hershey has again lowered its full-year sales forecast, citing macroeconomic conditions in China and a weaker outlook for the candy, mint and gum category in the US


Katy Askew | 12 Jul 2016

A board member of the Hershey Trust has reportedly resigned in the wake of a takeover bid for the chocolate group from Mondelez International. 


Katy Askew | 30 Jun 2016

Hershey revealed today (30 June) its board has "unanimously rejected" a takeover approach from Mondelez International valuing the US chocolate company at US$107 per share. 


Katy Askew | 30 Jun 2016

Reports that Mondelez International has launched a takeover bid for Hershey sent shares in the US chocolate maker up by as much as 21% in morning trade in New York today (30 June). 


Dean Best | 16 Jun 2016

Hershey is to close a factory in Canada manufacturing products under its Brookside brand.


John Shepherd | 2 Jun 2016

Hershey has appointed Michele Buck, the head of its business in North America, to the newly-created role of COO.


Katy Askew | 13 May 2016

Hershey is combining two of its iconic Reese's products with the launch of Reese's Pieces Peanut Butter Cups. 


Dean Best | 11 May 2016

Hershey, the US confectionery giant, today (11 May) pledged to use only sugar from "responsible and sustainable sources" by 2020.


Katy Askew | 3 May 2016

Hershey is introducing a new syrup in the US that contains "five simple ingredients".


Dean Best | 26 Apr 2016

Hershey has snapped up Ripple Brand Collective, the US firm behind the BarkThins snack brand.

Latest blogs

Dean Best | 20 Sep 2016

Hershey made an unusual announcement today (20 September), sharing its own sales data for the last four weeks to assuage any possible investor concern over figures released by Nielsen.


Hannah Abdulla | 28 Jan 2015

US fans of British chocolate imports have taken to social media to vent their frustration after Hershey earlier this week reached a settlement with an importer to stop distributing British-made candy bars into the country.

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