HERSHEY, Pa., Sept. 5, 2024 /PRNewswire/ -- The Hershey Company (NYSE: HSY) today announced the appointment of Michael Del Pozzo as President, U.S. Confection, effective September 16. In this role, Del Pozzo will lead Hershey's next phase of U.S. growth with a portfolio of iconic brands including Hershey's, Reese's and Jolly Rancher.Del Pozzo will lead Hershey’s next phase of U.S. growthWith a career spanning 23 years at PepsiCo, Del Pozzo brings a wealth of experience in leading growth and transformation f ...

These companies have a knack for turning sugar into cash.The U.S. has a sweet tooth. Americans consume 34 teaspoons of sugar each day, according to the U.S. Department of Agriculture. That adds up to more than 100 pounds every year. That much sugar consumption isn't healthy. However, this sugar addiction is great for the bottom lines of companies focused on making sugary drinks, desserts, and snacks. They generate billions of dollars in profits each year. Many pay a large portion of their earnings to invest ...

Even with Halloween fast approaching, Citigroup is staying away from Hershey Co (NYSE:HSY). The analyst in question downgraded the stock to "sell" from "neutral," and lowered its price objective to $182 from $195, noting cocoa inflation and volume challenges may negatively impact earnings.HSY was last seen down 0.8% to trade at $194.80, but the 40-day moving average looks ready to contain this pullback. Shares have been retreating after jumping to their highest level since May earlier this month, and carry ...

memoriesarecaptured The Hershey Company (NYSE:HSY), together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. We started covering HSY's stock in July 2022, assigning the firm a bullish rating. We maintained our positive view of the business until March 2024, when we have downgraded to neutral, primarily due to the declining net sales and muted outlook for the rest of 2024. Concerns about possible overvaluation hav ...

Cheri Alguire Hershey Stock: I Bought More The Hershey Company (NYSE:HSY) has been going through one of a year with the stock seeing a severe pullback that seems to have bottomed but still fatigues to climb back its way up. Even though analysts' expectations were very low for Hershey's Q2 earnings, the company reported a miss, with EPS 12.6% lower compared to the forecast. Nonetheless, the stock didn't plunge, perhaps thanks to the correct way Hershey's management has communicated with investors since l ...

mphillips007 The Hershey Company (HSY) manufactures and sells candies and snack products through a range of brands, including Hershey’s, Kit Kat, Reese’s, and Jolly Rancher among a number of other names. Amid slowing inflation and discretionary spending, ERP implementation, cocoa prices shooting up, and other factors piling against Hershey, the company’s Q2 report showed significant financial weakness after the company’s incredibly resilient long-term financial history. I believe that Hershey is well po ...

Hershey has increased its quarterly dividend 77% over the last five years and currently offers its highest yield in years.The Hershey Company (HSY 1.14%) makes many of the candy brands you'll find in every convenience store, but historically high cocoa prices are taking a toll on the business. Cocoa prices have nearly tripled since 2022, making it more costly to make candy, which is hurting Hershey's bottom line. Hershey expects full-year earnings to be flat this year, and the weak outlook for growth has ca ...

"Hershey has long been a leader in Halloween festivities, offering beloved treats that have become synonymous with the season," said Heather Seamans, Senior Manager Fall Marketing at The Hershey Company. "This year, with Kit Kat® Ghost Toast and Reese's Werewolf Tracks, we're showcasing our commitment to innovation and fun with bold, exciting Halloween flavors, inviting consumers to choose both!"New Products and Innovative Delights:Kit Kat® Ghost Toast – Savor the spirit of Halloween with Kit Kat® Ghost Toa ...

Hershey slashed its yearly profit and sales guidance on Thursday after reporting a 17% drop in second-quarter sales.Shares plunged 4.5% early Thursday morning before jumping back up 5%.The Pennsylvania-based candy company – with a market capitalization of $38.83 billion – struggled with a consumer pullback on spending amid sticky inflation, like many others in the food and snack industries. 3 Hershey slashed its yearly profit and sales guidance on Thursday after reporting a steep drop in sales. Christophe ...

The Hershey Company (HSY) reported dismal second-quarter 2024 results, with the top and the bottom line declining year over year. Quarterly earnings and net sales missed the Zacks Consensus Estimate. HSY is navigating a dynamic environment where consumers are reducing discretionary spending and this trend continues to affect its performance. Management lowered its sales and earnings guidance range for 2024. HSY's shares were down 4% in the premarket trading session on Aug 1. Quarter in Detail Hershey posted ...