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Reese's Brand Did It Again - Meet Your New Favorite Snack, Reese's Filled Pretzels
Prnewswire· 2025-04-09 12:00
Look for Reese's Filled Pretzels at your favorite snack spot and grab a bag, pouch or jar before they're gone. Follow @Reeses on social media for the latest brand news and snack updates. *Pricing is at the sole discretion of the retailer. We took pretzels, packed them with Reese's peanut butter filling, and changed the snack aisle forever HERSHEY, Pa., April 9, 2025 /PRNewswire/ -- You may want to sit down for this. Reese's, the No. 1 candy franchise in the US1 just dropped a new snacking sensation. Introdu ...
The Hershey Company Announces Intent to Acquire LesserEvil
Prnewswire· 2025-04-03 15:44
Core Viewpoint - The Hershey Company has announced a definitive agreement to acquire LesserEvil, a brand known for organic snacks, which will enhance Hershey's snacking portfolio and expand its market reach [1][2]. Company Strategy - The acquisition of LesserEvil is aimed at creating a multi-category, better-for-you snacks platform, allowing Hershey to reach new consumers and eating occasions [2]. - Hershey's President and CEO, Michele Buck, emphasized that LesserEvil complements existing brands and adds manufacturing capabilities to meet growing consumer demand [2]. Brand and Market Position - LesserEvil is recognized for its innovative approach to snacks, focusing on bold flavors and organic ingredients, which aligns with current consumer trends towards healthier options [2][3]. - The leadership team of LesserEvil will remain in place to drive growth and innovation within the company post-acquisition [2]. Cultural Alignment - The CEO of LesserEvil highlighted the cultural fit between the two companies, noting a shared commitment to responsible business practices and long-term vision [3]. - Hershey's legacy and commitment to excellence provide a supportive environment for LesserEvil to continue its growth and impact [3]. Financial Overview - The Hershey Company generates over $11.2 billion in annual revenues and operates in approximately 70 countries, showcasing its significant market presence [6].
3 Top Dividend Stocks I Can't Wait to Buy in April to Boost My Passive Income
The Motley Fool· 2025-03-30 07:33
My top financial goal is to eventually generate enough passive income to cover my basic living expenses. I march toward that objective each month by investing more money into income-generating investments, like dividend-paying stocks. I focus on buying stocks that pay high-yielding dividends that steadily increase. Vici Properties (VICI 0.34%), PepsiCo (PEP -0.26%), and Genuine Parts (GPC -1.72%) all fit those criteria. That's why I can't wait to buy more shares of each one this April to boost my passive in ...
Shaq-A-Licious XL Gummies Named Official Gummy Of March Madness
Prnewswire· 2025-03-24 13:00
Company Overview - The Hershey Company has launched Shaq-A-Licious XL Gummies, which have been named the Official Gummy of March Madness, enhancing its partnership with the NCAA [1][2] - Hershey's portfolio includes over 20 iconic brands and generates more than $11.2 billion in annual revenues, with products available in approximately 70 countries [9][10] Product Details - Shaq-A-Licious XL Gummies were created in partnership with Shaquille O'Neal and launched in 2024, featuring two varieties: Shaq-A-Licious Originals and Shaq-A-Licious Sours [4] - The Originals are shaped like Shaq's face and come in peach, berry punch, and orange flavors, while the Sours include green watermelon, pineapple, and mixed berry flavors [4] Marketing and Promotions - The partnership with the NCAA includes promotional activities during the Final Four weekend, such as product sampling and interactive fan experiences [3] - Hershey's collaboration with Operation Homefront highlights its commitment to community support, particularly in relation to military families [3] Brand and Celebrity Influence - Shaquille O'Neal is a prominent figure in sports and entertainment, known for his successful career as an NBA player and his various business ventures [5][6] - O'Neal's brand resonates with consumers through his "Business of Fun" mantra, which is reflected in the marketing of Shaq-A-Licious XL Gummies [5][6]
2 High-Quality Dividend Stocks to Buy Right Now
The Motley Fool· 2025-03-24 10:30
Group 1: Market Overview - U.S. stocks are currently experiencing volatility, with the S&P 500 down 3.6% year to date despite optimistic forecasts for 2025 [1] - High-performing tech stocks, particularly those involved in the AI sector, have faced significant struggles in the first quarter of the year [1] Group 2: Dividend Stocks as a Strategy - Dividend stocks can provide stability in uncertain market conditions, offering regular distributions to shareholders regardless of broader market performance [2] Group 3: PepsiCo (PEP) - PepsiCo offers a 3.7% dividend yield and trades at 17.5 times forward earnings, which is a discount compared to the S&P 500's 19.7 multiple [4] - The company has raised its dividend for 53 consecutive years, with a five-year dividend growth rate of 7.2%, surpassing the elite growth rate benchmark of 6% [5] - PepsiCo's diversified portfolio in beverages and snacks helps mitigate risks from changing consumer preferences and supports consistent dividend growth [6][7] - The company's global distribution network and strategic acquisitions enhance its competitive position and relevance in evolving markets [8] Group 4: McDonald's (MCD) - McDonald's is recognized as a major real estate company that operates a fast-food chain, justifying its premium valuation of 24.8 times forward earnings [9] - The company has a current yield of 2.3%, but its dividend growth rate has been 7.4% annually over the past five years, potentially doubling the yield on original investment within a decade [10] - McDonald's unique business model, owning approximately 70% of its restaurant locations, provides a stable income stream through rent paid by franchisees, contributing to a moderate payout ratio of 59.5% [11][12] - The brand's global expansion and technology investments position it well for future growth while maintaining dividend security [13]
Will Hershey Bounce Back From Profit Pressures and Market Struggles?
ZACKS· 2025-03-11 17:20
Core Insights - The Hershey Company is facing significant challenges, including high cocoa prices, weakening consumer demand, and increased competition, leading to a 6.1% decline in share price over the past six months [1][4][13] - The company's stock has underperformed compared to its industry, the broader Zacks Consumer Staples sector, and the S&P 500 during the same period [1] Group 1: Market Challenges - Hershey is navigating a difficult environment characterized by historically high cocoa prices and a financially strained consumer base, which is impacting its results [4] - There has been a shift in consumer behavior towards value-seeking, resulting in reduced foot traffic to convenience and drug stores where Hershey's products are prominently featured [4] - The company is losing market share in the core everyday chocolate category, which is concerning given its reliance on this segment [5] Group 2: Sales and Performance - Despite some improvement in product variety, sales in the convenience store segment remain weak due to macroeconomic pressures affecting consumer spending [6] - Hershey's 2025 guidance indicates a projected mid-30% decline in adjusted earnings per share (EPS) compared to 2024, with reported EPS expected to drop in the high-40% range [7] - Management anticipates gross margin pressure to intensify in the second half of 2025, potentially leading to a decline of more than 500 basis points [8] Group 3: Competitive Landscape - Competitive pressures are expected to escalate, particularly in Brazil and Mexico, where rivals are aggressively discounting and promoting their products [9] - The Zacks Consensus Estimate for EPS has seen downward revisions, with estimates for the current and next fiscal year decreasing [10] Group 4: Valuation and Investment Analysis - Hershey's forward 12-month price-to-earnings ratio is 30.12X, which is higher than the industry's ratio of 24.32X, indicating that investors may be paying a premium relative to expected earnings growth [12] - Given the significant challenges faced by Hershey, the company may carry heightened investment risk at this time, with a current Zacks Rank of 5 (Strong Sell) [13]
Hershey Announces Stacy Taffet as Chief Growth Officer
Prnewswire· 2025-03-11 12:55
Core Insights - The Hershey Company has appointed Stacy Taffet as Chief Growth Officer, effective April 14, 2025, to drive transformative growth strategies across its expanding snacks portfolio [1][3] - Taffet brings 20 years of leadership experience, including 15 years in consumer-packaged goods, with a notable career at PepsiCo [1][2] - The appointment aligns with Hershey's commitment to accelerate growth and strengthen its position in the competitive global snacking market [3] Company Overview - The Hershey Company is an industry-leading snacks company with over 20,000 employees worldwide, generating more than $11.2 billion in annual revenues [5] - The company's portfolio includes iconic brands such as Hershey's, Reese's, Jolly Rancher, and Dot's Homestyle Pretzels, alongside popular salty snacks like SkinnyPop [5] - Hershey has a long-standing commitment to community impact, with a focus on education through initiatives like the Milton Hershey School [6]
Mondelēz International's SnackFutures Ventures to Unveil Top Trends Shaping the Future of Snacking
GlobeNewswire News Room· 2025-03-04 21:05
Core Insights - SnackFutures Ventures, the corporate venture capital arm of Mondelēz International, will present its insights on the future of snacking at Natural Products Expo West on March 5, 2025, highlighting trends and data from the 2024 State of Snacking Report [1][2] Company Overview - SnackFutures Ventures focuses on investing in brands and businesses that align with Mondelēz International's growth priorities in core categories such as chocolate, biscuits, and baked snacks, including brands that emphasize personal and planetary well-being [4] - Mondelēz International reported net revenues of approximately $36.4 billion in 2024, with a portfolio that includes iconic brands like Oreo, Ritz, and Cadbury Dairy Milk [5] Trends and Innovations - The expert panel will discuss several emerging themes in the snacking industry, including: - The impact of social media on consumer snack discovery and purchase [7] - Rising consumer interest in "Permissible Chocolate" that supports personal and planetary well-being [7] - The growing relevance of protein in savory snacks and its connection to women's health [7] - Increased demand for "Better-for-You" bakery products with cleaner labels and ingredients [7] - Innovations in supply chain technologies aimed at enhancing climate resilience [7]
Mondelēz International Names Norberto Chaclin Executive Vice President, Chief R&D Officer
Globenewswire· 2025-02-28 21:05
Core Insights - Mondelēz International has appointed Norberto Chaclin as Executive Vice President and Chief Research & Development Officer, aiming to enhance its R&D and quality strategy to shape the future of snacking [1][2] Company Leadership - Norberto Chaclin is recognized as a proven leader with a strong track record in innovation and a commitment to mentoring future R&D talent, which is expected to strengthen partnerships with commercial businesses and drive consumer-centric growth [2][4] - Chaclin previously served as Senior Vice President of R&D for Global Biscuits and has led significant innovations for brands like Oreo and Ritz [2][3] Background of New Executive - Chaclin has 18 years of experience at PepsiCo, where he held various roles, ultimately leading R&D for North America Beverages [3] - He holds a bachelor's degree in chemical engineering and an MBA, and is involved in food and nutrition sciences [5] Company Overview - Mondelēz International reported net revenues of approximately $36.4 billion in 2024 and operates in over 150 countries with iconic brands such as Oreo, Ritz, and Cadbury [6]