The Hershey Company may be best known for its eponymous chocolate bars, but the company is betting big on gummies this year with significantly increased production capacity to support innovation and a new partnership model, including a collaboration with...
Hershey is launching a multi-year cost-savings strategy that will lean heavily on enhanced automation and a more efficient operating model, which could result in job cuts, to help offset historically high cocoa prices and elevated sugar costs that are...
J.K. Rowling’s beloved series branched out into movies, theme park rides, retail and virtual reality experience for a value of $15 billion—and now is expanding its foothold in confections by adding limited edition Harry Potter-themed Hershey's Milk...
While recent price hikes may be reinforcing sales of Hershey’s confections and snacks, they are taking a toll on how much consumers buy – a dynamic compounded by inventory constraints and promotional shifts that executives optimistically project will...
Hershey's net sales increased 12.1% to $2.98bn thanks to price and volume gains across both confectionery and salty snack segments, driven heavily by consumer demand and media investments.
Hershey plans to aggressively scale its salty snack business with ambitious goals to take SkinnyPop popcorn and Dot’s Homestyle Pretzels from second and third place respectively to first in their categories “in the next couple of years” by building brand...
Hershey is gaining market share in the US confection market while its top competitors fall farther back by replacing its old playbook of innovating and marketing to masses with a more targeted “occasion-based” approach to product development and “mass...
‘Chocolate and salty snacks rank a two of the top three resilient treats that consumers are not willing to forgo’
Sweets and snacks giant Hershey will double down on advertising and production capacity for its fastest growing brands, including Reese’s and Skinny Pop, in the coming year to help offset price elasticity and meet consumer demand, which executives say...
Consumer Reports, the independent, non-profit member organisation that allegedly tested and discovered harmful levels of cadmium and other harmful heavy metals in some chocolate products, has urged the producers to commit by Valentine's Day to reduce...
American candy lovers can now discover what Christmas tradition is most popular in their state with Hershey’s holiday tradition heat map and then use the candy pairing guide to make sure they’re stocking up on the right iconic sweets to help make holiday...
Hershey has announced its holiday lineup for winter 2022 with classic festive favourites including Grinch-themed Hershey’s KISSES and Reese’s Peanut Butter Trees returning once again, and brand-new treats such as Hershey’s Hot Chocolate Bombs.
The Hershey Company has filed a patent application covering the substitution of dairy solids with roasted grain flour, which it says yields ‘improved organoleptic and rheological properties’ over known dairy-free chocolates.
Hershey’s higher-than-expected sales and market share gains in the first quarter is a double-edged sword for the confection and snack company – allowing it to raise its full year guidance but simultaneously straining inventory and increasing the company’s...
The confectionery industry received a boost as it heads into the important Halloween weekend when the Hershey Co raised its annual net sales and adjusted earnings forecast.
The a2 Milk Company and Hershey have teamed up to create a co-branded chocolate milk combining Hershey’s cocoa with 2% reduced fat milk containing only A2 beta-casein protein.
Bonumose – a Virginia-based startup with patented technology it claims could enable the mass market adoption of rare sugars such as allulose and tagatose – is investing $27.7m in production and R&D facilities in a 36,000 sq ft facility in Pantops,...
Joint statement announces that Barry Callebaut will continue to supply liquid chocolate and finished products to Hershey in North America under a renewed long-term agreement.
The brand, under new ownership following the acquisition from The Hershey Company after 16 years for an undisclosed sum, made its official debut at the recent NCA Sweets & Snacks Expo in Indianapolis and has moved to a new manufacturing craft facility...
Continuing to benefit from elevated at-home consumption of its core chocolate brands and growing snacks business, The Hershey Company reported $1.99bn net sales for Q2 2021 (12 weeks ending July 4, 2021) an increase of 16.5% compared to Q2 2020.
A combination of supply chain disruptions and surging demand for sugar alternatives has created a very tight market for selected specialty sweeteners - notably erythritol and crystalline allulose – with some firms reporting shortages, longer lead times,...
The premier trade show for the candy and snack categories is back after a 12-month break and offers visitors to the Indiana Convention Center the opportunity to discover new confectionery and snack products, actionable insights and unparalleled access...
Hershey - which recently outlined a strategy to expand its reduced sugar offerings via in-house R&D, acquisitions, and licensing or partnership deals - has struck a deal to acquire fast-growing ‘no sugar added’ chocolate brand Lily's Sweets for...
A new ad-spot on TV and social media created by Hershey's in-house agency addresses one of the side-effects of mask wearing during the coronavirus pandemic.
The day any entrepreneur decides to sell his or her business is “always bittersweet” observed Jonathan Sebastiani after selling KRAVE Jerky to Hershey for $218m in January 2015. So how does it feel - five years later - to be back at the helm after buying...
Hershey Co has announced it has withdrawn its full year financial outlook for fiscal year 2020 and has warned of weak sales in certain categories as households worried about their financial futures cut spending on snacks and chocolates.
The role of category managers is evolving from a game of dominoes to chess, optimizing the retail experience to anticipate the next step in shopper behavior, said David Nolen, VP, category management at Hershey.
Lauren Jauregui, who started touring as a teenager with girl group Fifth Harmony, will headline the candy maker’s first-ever Makers of Good Teen Summit in New York City on June 20.
Hershey has recently released several key strategies it has been implementing to attract more online shoppers as it expects e-commerce penetration for US FMCG to reach mid-single digits in the next five years – more in line with Europe, which is currently...
Hershey’s acquisition of Amplify Snacks has made the chocolate company the second largest popcorn producer in the US market, ‘second to Frito-Lay,’ who owns Smartfood, said Euromonitor analyst Jared Koerten.
Hershey says launching Hershey’s Gold, a caramelized crème with peanuts and pretzels, could benefit its 2017 Halloween seasonal sales after delivering 'solid' Q3 financial results.
The Hershey Lab has envisioned a “reinvented” shopping experience with a fictitious grocery chain, called Medley, as the line between digital and physical shopping is blurring.
Cutting GMOs in confectionery is relatively simple, but finding replacements for ingredients that aren’t well understood by consumers is the real challenge, says Hershey’s chief chocolatier.
Seasonal confectionery c-store distribution is underdeveloped compared to other channels, despite the fact that the household purchase of seasonal confectionery is increasing,
Hershey has reported positive results for its Candy Experience concept 'store within a store' at a Winn-Dixie outlet in Louisiana and three Supervalu-Cub Food Stores in Minnesota.
A district court in California has thrown out lawsuits accusing Hershey and Nestlé of misleading consumers by failing to disclose cocoa in some chocolate brands may come from slave labor.
Hershey has launched a contest calling for companies to help it develop a lightweight, affordable shipping system that will keep chocolate cool even in the warmest months.
The Hershey Company made significant progress against its responsible sourcing and sustainability commitments in 2014, according to its latest Corporate Social Responsibility (CSR) report.
Hershey has lowered its full year guidance after a slowdown in Brazil and Mexico and a gross profit margin decline due to higher dairy and cocoa costs.
Hershey has partnered with its supplier Cargill to bring its cocoa sustainability program to the Côte d’Ivoire, helping farmers achieve UTZ certification.
