$HSY (The Hershey Company)

$HSY {{ '2015-08-07T12:09:05+0000' | timeago}} • Announcement

$HSY 2Q15 PR: “Second quarter operating results were largely in line with our revised expectations, particularly in the North America business where we continue to build on our momentum,” said John P. Bilbrey, Chairman, President & Chief Executive Officer, The Hershey Company.

$HSY {{ '2017-08-25T17:02:21+0000' | timeago}} • Announcement

$HSY announced an evolution to its U.S. creative agency roster. As of January 2018, $HSY will consolidate creative campaign work for a number of its iconic brands with its existing roster agencies, Anomaly and CP B. $HSY said Arnold has been a valued partner for over a decade and Arnold will continue to work on $HSY's brands through end of 2017.

$HSY {{ '2017-08-24T11:53:35+0000' | timeago}} • Announcement

$HSY agreed to buy 1.5MM shares of its common stock from Hershey Trust Co., as Trustee for the Milton Hershey School Trust, for about $159MM, or $106 per share.

$HSY {{ '2017-04-26T14:08:19+0000' | timeago}} • Webcast

$HSY said that in China, as part of its margin for growth and margin expansion program, the company has started immediately taking the necessary steps to reset its investment in that marketplace. Therefore, $HSY is focused on a multi-year program, but beginning now to focus on a couple of key provinces on its core portfolio.

$HSY {{ '2017-04-26T13:58:23+0000' | timeago}} • Webcast

$HSY stated that the company is feeling good with the programs that it has on the core brands. On the non-chocolate sweets area, the company is planning on accelerating its growth trajectory. Consequently, the company expects to increase its investments there.

$HSY {{ '2017-04-26T12:50:06+0000' | timeago}} • Announcement

$HSY's net sales in North America were $1.67Bil in 1Q17, an increase of 2.7% vs the same period last year. Meanwhile, net sales for International and Other segment rose 3.7% to $202.5MM.

$HSY {{ '2017-04-26T12:46:32+0000' | timeago}} • Announcement

In 2017, $HSY expects EPS of $3.31 to $3.55, including items impacting comparability of approx $1.26 to $1.41 per share. This projection assumes business realignment costs of $0.35 to $0.50 per share.

$HSY {{ '2017-04-26T12:42:50+0000' | timeago}} • Announcement

Chocolate maker $HSY's earnings in 1Q17 almost halved, despite it posting a 2.8% increase in net sales to $1.88Bil. Net income was $125MM or $0.58 per share, compared with $229.8MM or $1.06 per share in the prior-year quarter. EPS, adjusted for one-off items, was $1.31.

$HSY {{ '2017-03-13T15:04:09+0000' | timeago}} • Announcement

$HSY has named Mary Beth West as its SVP and Chief Growth Officer, effective May 1. Most recently, she served as Chief Customer & Marketing Officer at $JCP. She will report to CEO Michele Buck.

$HSY {{ '2017-03-01T20:07:21+0000' | timeago}} • Announcement

In FY17, $HSY expects reported earnings per share of $3.19 to $3.45. $HSY reaffirmed its outlook for FY17 net sales growth of about 2% to 3%. Adjusted earnings per share expected to increase 7% to 9% and be in the $4.72 to $4.81 range.

$HSY {{ '2017-03-01T20:01:18+0000' | timeago}} • Announcement

Over the long term, $HSY expects annual constant currency net sales growth of 2% to 4%, driven primarily by its North America business. $HSY reaffirmed its long-term adjusted diluted EPS growth target of 6% to 8%, also driven mainly by the advantages of the company's North America business and the "Margin for Growth" related initiatives.

$HSY {{ '2017-03-01T19:49:33+0000' | timeago}} • Announcement

$HSY expects to reduce its global workforce by about 15%, driven primarily by its hourly headcount outside of the US. This is part of $HSY's "Margin for Growth" program, which is expected to enable investments in business model and generate about 22% to 23% adjusted operating profit margin by 2019 end.

$HSY {{ '2017-02-24T13:38:34+0000' | timeago}} • Announcement

$HSY said Steven Schiller is named President, International and Terry O'Day is the new SVP, Chief Product Supply and Technology Officer. The appointments will be effective March 1. Meanwhile, Chief Knowledge and Technology Officer Waheed Zaman will retire from the company, effective March 31. $HSY is now on a hunt for a Chief Growth Officer.

$HSY {{ '2017-02-24T13:36:25+0000' | timeago}} • Announcement

$HSY announced the new executive leadership team that incoming CEO Michele Buck has chosen. Todd Tillemans is appointed as President, U.S. and he will join $HSY on April 3 to lead the company's flagship U.S. business including core confection, its portfolio across snacking, and its sales and go-to-market teams.

$HSY {{ '2017-02-03T14:24:58+0000' | timeago}} • Webcast

$HSY said investment tax credits are a driver of the tax improvement. The company is focused on improving the mix of international operations and is also taking advantage of its R&D investments. $HSY is making sure that the changes it is making are sustainable and not highly volatile to its tax rate.

$HSY {{ '2017-02-03T14:13:12+0000' | timeago}} • Webcast

$HSY believes commodity inflation is relatively benign. The company is investing in its brands, innovation and seasonal activation and has good visibility into gross margins. $HSY believes that given the investments it is making in its brands, it has leverage on the GM line.

$HSY {{ '2017-02-03T14:01:00+0000' | timeago}} • Webcast

For 4Q16, excluding the negative impact from FX rates of 3.2 points, $HSY’s International and Other segment net sales increased 2.7%. Volume was off 10BP as solid Latin America, India and select export market performance was offset by lower sales in China. Net price realization was a 2.8 point benefit.

$HSY {{ '2017-02-03T13:57:40+0000' | timeago}} • Webcast

During 4Q16, $HSY’s North America segment net sales increased 3.8% driven by a 4.1 point contribution from volume. Acquisitions were a 1 point benefit and net price realization was a 1.3 point headwind due to planned higher levels of direct trade supporting increased in-store merchandising and display activity.

$HSY {{ '2017-02-03T13:43:03+0000' | timeago}} • Webcast

In 4Q16, $HSY’s US marketplace performance sequentially improved. Total $HSY US retail takeaway within the xAOC C channels increased 2.2%. US CMG (candy, mint and gum) retail takeaway increased more than three times at the rate of the category driven by chocolate and was up 1.9%.

$HSY {{ '2017-02-03T12:31:30+0000' | timeago}} • Announcement

In 2017, $HSY expects diluted EPS of $4.54-4.65, including items impacting comparability of approx. $0.16-0.18 per share. $HSY expects net sales growth of 2-3%, including a net benefit from acquisitions of about 0.5 points and unfavorable FX rates of about 0.25 points. Adjusted diluted EPS is expected to increase 7-9% and be $4.72-4.81.

$HSY {{ '2017-02-03T12:26:40+0000' | timeago}} • Announcement

Confectionery maker $HSY reported a decrease in 4Q16 earnings. Net income was $116.9MM or $0.55 per share compared with $227.9MM or $1.04 per share for 4Q15. Adjusted net income was $249.7MM or $1.17 per share in 4Q16. Consolidated net sales were $1.97Bil, an increase of 3.2% versus 4Q15.

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