Workflow
Hershey
icon
Search documents
Kirk Tanner Appointed President and Chief Executive Officer of The Hershey Company, effective August 18, 2025
Prnewswire· 2025-07-08 12:45
Company Overview - The Hershey Company is an industry-leading snacks company generating over $11.2 billion in annual revenues and operating in approximately 70 countries with a workforce of more than 20,000 employees [4]. - The company's portfolio includes well-known chocolate and confectionery brands such as Hershey's, Reese's, Kisses, Kit Kat®, Jolly Rancher, Ice Breakers, and popular salty snacks like SkinnyPop and Dot's Homestyle Pretzels [4]. Leadership Transition - Kirk Tanner has been appointed as the new President and Chief Executive Officer of The Hershey Company, bringing extensive experience from his previous role as CEO of PepsiCo Beverages North America, where he oversaw a $28 billion business [1][2]. - Tanner's leadership is expected to focus on core brand growth, innovation, operational excellence, and accelerating new unit growth globally [2]. - Mary Kay Haben, Lead Independent Director, praised Tanner's proven leadership in driving growth in complex global businesses and his commitment to engaging with employees, the community, and stockholders [3]. Strategic Vision - Tanner emphasized the importance of understanding and delighting consumers, building strong partnerships with customers, and investing in colleagues as the three pillars that will guide Hershey's strategic decisions [3]. - The company aims to advance its ambition of becoming a Leading Snacking Powerhouse, leveraging Tanner's experience in snacks, beverages, M&A, and innovation [3]. Legacy and Future Direction - The previous CEO, Michele Buck, was recognized for her exceptional leadership and for guiding Hershey through multiple phases of transformational growth, leaving a legacy that positions the company well for the future [3]. - Tanner expressed his honor in leading a company he has long admired and his commitment to making a difference with beloved brands [3].
New McDonald's Restaurant Now Open In Shelton
Shelton· 2025-07-07 17:11
Restaurants & BarsNew McDonald's Restaurant Now Open In SheltonA new McDonald's restaurant is officially open in Shelton more than a year after plans for the restaurant were first submitted to the city.A new McDonald's restaurant officially opened at 6 Todd Road in Shelton on July 1, 2025, according to a company spokesperson. (Renee Schiavone/Patch)SHELTON, CT — A long-anticipated McDonald's restaurant officially opened this week in Shelton more than a year after plans for the business were first submitted ...
Why The Hershey Company Rallied Today
The Motley Fool· 2025-07-01 18:46
Core Viewpoint - The Hershey Company announced plans to remove all artificial food dyes from its snacks and candies by the end of 2027, which has positively impacted its stock performance and mitigated regulatory risks [2][4]. Group 1: Company Announcement - Hershey plans to eliminate artificial food dyes from its products by the end of 2027, aligning with consumer preferences for healthier options [2]. - The decision follows increased scrutiny on synthetic dyes from regulatory bodies and state-level initiatives to ban or label such dyes [2]. Group 2: Market Reaction - Hershey's stock rallied 6.8% on the announcement, indicating positive investor sentiment and a potential rotation in market sectors [1]. - The removal of artificial dyes is seen as a risk mitigation strategy, enhancing the safety of Hershey's 3.3% dividend amidst regulatory uncertainties [4].
HERSHEY Wraps Principal Photography in Pennsylvania
Prnewswire· 2025-06-30 15:00
Group 1: Film Production Details - The film "HERSHEY" tells the inspiring true story of Milton S. Hershey, founder of the Hershey Company and Milton Hershey School, featuring Finn Wittrock and Alexandra Daddario [6][7] - Directed by Mark Waters, the film spans nearly five decades of Hershey's life, from the early 1870s to the late 1910s, and was shot across 17 locations in Pennsylvania [6][7] - The production includes nearly 300 period-accurate principal costumes and over 2,000 background costumes, with contributions from over 1,500 background actors [6][7] Group 2: Production Companies and Collaborations - "HERSHEY" is produced by Dandelion Media in collaboration with the Hershey Entities, Aloe Entertainment, Peachtree Group, and RCM3 [3][7] - The screenplay is written by Sharon Paul and Timothy Michael Hayes, with a team of executive producers including Daniel Hank and Joseph Lanius [3][7] - Dandelion Media focuses on impactful storytelling and risk-mitigated independent film financing [8] Group 3: Hershey Entities Overview - The Hershey entities include The Hershey Company, Milton Hershey School, Hershey Entertainment & Resorts Company, The M.S. Hershey Foundation, and Hershey Trust Company, all dedicated to enriching lives and strengthening communities [9][10] - Milton Hershey's legacy extends beyond chocolate, emphasizing a commitment to helping children and families thrive through education and community support [10] Group 4: Future Release Plans - The film is planned for release in 2026, coinciding with the 250th anniversary of the United States [6][7] - The production aims to celebrate imagination, generosity, and the joy of chocolate, highlighting Hershey's enduring spirit and message of kindness [7]
ONE Doubles Down on Chocolate with New Hershey's Collaboration
Prnewswire· 2025-06-10 13:00
From lunchboxes, s'mores by campfires and holiday celebrations, the Hershey's Milk Chocolate bar has long been part of American culture – and with chocolate ranking as the #1 snack category and most preferred protein bar flavor, ONE bar has doubled down on satisfying the demand with America's most loved chocolate brand. Made with real Hershey's cocoa and chocolate chips, the ONE x Hershey's Double Chocolate flavored protein bar delivers double the rich, chocolate experience to power every on-the-go lifestyl ...
This Is Why Hershey's Sell-Off Is a Buying Opportunity for Growth Investors
The Motley Fool· 2025-05-26 13:15
Group 1: Company Overview - The Hershey Company is a consumer staples company primarily focused on food production, particularly in the snack sector, with a strong emphasis on chocolate products like Hershey and Reese's [2][5] - Despite economic fluctuations, consumer staples companies like Hershey tend to be resilient, as chocolate is viewed as an affordable indulgence [4] Group 2: Current Challenges - Hershey's share price has declined over 40% from its 2023 highs, indicating a significant downturn for the company [1] - The company is facing challenges due to soaring cocoa prices, which are impacting profit margins, leading to an expected adjusted earnings drop of around 35% [5] Group 3: Long-term Growth Potential - The Hershey Trust, which has voting control of the company, takes a long-term investment approach, allowing Hershey to focus on future growth despite short-term market pressures [6][9] - High commodity prices, such as cocoa, typically resolve over time, and Hershey is expected to manage costs and gradually increase prices to restore margins [7] - Hershey continues to diversify its business by acquiring new brands, such as Sour Strips and LesserEvil, to expand its market reach [8] Group 4: Investment Opportunity - The current downturn in share price presents a buying opportunity for growth investors, as demand for Hershey's core products remains solid [10] - The decline in share price has resulted in a historically high dividend yield of 3.5%, making it an attractive option for income investors as well [10]
2 Monster Stocks to Hold for the Next 10 Years
The Motley Fool· 2025-05-19 13:30
Group 1: Industry Overview - Consumer staples companies are considered safe-haven investments due to their consistent demand regardless of economic conditions [1] - The average consumer staples stock yields around 2.5% today, with PepsiCo and Hershey offering higher yields [13] Group 2: PepsiCo Analysis - PepsiCo is the leading company in salty snacks with its Frito-Lay brand and has a significant presence in packaged foods through Quaker Oats [2] - Currently, PepsiCo is experiencing cooling top-line growth after inflation-driven growth post-pandemic, and is facing changing snacking trends [4] - The company has a strong history of increasing dividends for 53 years, demonstrating resilience through adversity [5] - PepsiCo is actively working on cost-cutting, improving efficiencies, and adjusting product offerings, including acquisitions of on-trend brands like Siete and Poppi [6] - The company offers a historically high dividend yield of 4.4%, providing investors with compensation while waiting for recovery [7] Group 3: Hershey Analysis - Hershey is the U.S. leader in the confections space, known for its iconic brand and the Reese's franchise, with a dividend yield of approximately 3.4% [8] - The company is currently facing significant challenges due to rising cocoa prices, which are expected to impact margins [9] - Despite the cocoa price challenges, Hershey maintains a dominant market position and plans to grow through acquisitions in non-chocolate confection and salty snack sectors [10] - The Hershey Trust's control allows the company to focus on long-term growth and reliable dividends, aligning with investor interests for sustainable income [11] - Investors may consider waiting for Hershey to navigate current cocoa market challenges while benefiting from its dividend yield [12]
Krispy Kreme(DNUT) - 2025 Q1 - Earnings Call Transcript
2025-05-08 13:32
Krispy Kreme (DNUT) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Alexandre Eldredge - Senior Manager of IRJoshua Charlesworth - President & CEOJeremiah Ashukian - EVP & CFORahul Krotthapalli - Vice President - Equity ResearchBill Chappell - Managing Director Conference Call Participants Daniel Guglielmo - Equity Research AnalystNone - AnalystAndrew Wolf - SVP & Senior Research Analyst Operator Hello, everyone, and thanks for standing by. My name is Ian, and I will be your conference o ...
Krispy Kreme(DNUT) - 2025 Q1 - Earnings Call Transcript
2025-05-08 13:30
Krispy Kreme (DNUT) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Hello, everyone, and thanks for standing by. My name is Ian, and I will be your conference operator today. At this time, I'd like to welcome everyone to the Krispy Kreme First Quarter twenty twenty five Earnings Call. I would now like to turn the call over to Alexander Eldridge, Krispy Kreme Investor Relations. Please go ahead. Speaker1 Thank you. Good morning, everyone. Welcome to Krispy Kreme's first quarter twenty twenty five ear ...
Hershey(HSY) - 2025 Q1 - Earnings Call Transcript
2025-05-01 12:30
The Hershey Company (HSY) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 Greetings, and welcome to The Hershey Company First Quarter twenty twenty five Question and Answer Session. At this time, all participants are in a listen only mode. As a reminder, this conference is being recorded. I'd now like to turn the call over to your host, Anori Naughton, Senior Director of Investor Relations for The Hershey Company. Thank you. You may begin. Speaker1 Thank you, and good morning, everyone. Thank you fo ...