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Hershey Co (HSY.N)

HSY.N on New York Stock Exchange

91.92USD
20 Jul 2018
Change (% chg)

$-0.31 (-0.34%)
Prev Close
$92.23
Open
$92.26
Day's High
$92.41
Day's Low
$91.57
Volume
269,837
Avg. Vol
326,969
52-wk High
$115.77
52-wk Low
$89.12

Latest Key Developments (Source: Significant Developments)

Hershey Announces Offering Of Notes Due 2020, Notes Due 2021 And Notes Due 2023
Thursday, 3 May 2018 

May 3 (Reuters) - Hershey Co ::THE HERSHEY COMPANY ANNOUNCES OFFERING OF NOTES DUE 2020, NOTES DUE 2021 AND NOTES DUE 2023.HERSHEY CO - TO USE PROCEEDS OF NOTES OFFERING TO REPAY PORTION OF COMMERCIAL PAPER ISSUED TO FUND AMPLIFY SNACK BRANDS DEAL.  Full Article

Hershey Reports Q1 Adjusted Earnings Per Share $1.41
Thursday, 26 Apr 2018 

April 26 (Reuters) - Hershey Co ::HERSHEY REPORTS FIRST-QUARTER RESULTS; REAFFIRMS 2018 EARNINGS, REFINES SALES OUTLOOK.SEES FY ADJUSTED EARNINGS PER SHARE $5.33 TO $5.43.Q1 EARNINGS PER SHARE $1.65.Q1 SALES $1.972 BILLION VERSUS $1.88 BILLION.SEES FY 2018 EARNINGS PER SHARE $4.73 TO $4.98 INCLUDING ITEMS.Q1 ADJUSTED EARNINGS PER SHARE $1.41.IN 2018, COMPANY ESTIMATES NET SALES TO INCREASE TOWARDS LOWER END OF PREVIOUSLY COMMUNICATED RANGE OF 5% TO 7%.AMPLIFY ACQUISITION IS ON TRACK AND DELIVERING ACCELERATED EARNINGS ACCRETION IN 2018.ADJUSTED GROSS MARGIN WAS 44.9% IN Q1 OF 2018 COMPARED TO 47.5% IN Q1 OF 2017.Q1 GROSS MARGIN RESULT WAS BELOW EXPECTATIONS DRIVEN BY UNFAVORABLE MIX, COST OF COMPLEXITY AND HIGHER INPUT COSTS.IMPACT OF FOREIGN CURRENCY EXCHANGE RATES IS ESTIMATED TO BE NEGLIGIBLE FOR 2018.HERSHEY-QTRLY BUSINESS IN CHINA CONTINUED TO SEQUENTIALLY IMPROVE, RESULTING IN CONSTANT CURRENCY NET SALES INCREASE OF ABOUT 1 PERCENT VERSUS YEAR AGO PERIOD.FOR FY, EXPECTS ADJUSTED GROSS MARGIN TO DECREASE AROUND 125 BASIS POINTS VERSUS PREVIOUS OUTLOOK OF ABOUT SAME YEAR OVER YEAR.EXPECTS TO DELIVER TOWARDS HIGH END OF $150 MILLION TO $175 MILLION MARGIN FOR GROWTH PROGRAM TARGET BY 2019.TOTAL CAPITAL ADDITIONS, INCLUDING SOFTWARE, ARE NOW EXPECTED TO BE $355 MILLION TO $375 MILLION FOR 2018.  Full Article

Hershey Says Entered Into Credit Agreement To Borrow Up To $1.5 Bln
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Hershey Co ::HERSHEY SAYS ON JAN 8, CO ENTERED INTO 364 DAY CREDIT AGREEMENT - SEC FILING.HERSHEY - PURSUANT TO CREDIT AGREEMENT CO MAY BORROW UP TO $1,500 MILLION ON UNSECURED, REVOLVING BASIS.  Full Article

Hershey To Acquire Amplify Snack Brands For $1.6 Bln
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Hershey Co ::HERSHEY ENTERS INTO AGREEMENT TO ACQUIRE AMPLIFY SNACK BRANDS, INC..HERSHEY CO - DEAL FOR $12.00 PER SHARE IN CASH.HERSHEY CO - DEAL EXPECTED TO BE ACCRETIVE TO ADJUSTED EARNINGS PER SHARE IN FIRST-YEAR POST CLOSING.HERSHEY CO - DEAL VALUED AT APPROXIMATELY $1.6 BILLION.HERSHEY CO - TRANSACTION WILL BE FUNDED WITH CASH ON HAND AND NEW DEBT AND IS NOT EXPECTED TO IMPACT HERSHEY'S CURRENT RATINGS.HERSHEY CO - ‍AGREEMENT HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES​.HERSHEY CO - ACQUISITION IS NOT EXPECTED TO AFFECT PREVIOUSLY ANNOUNCED FULL YEAR 2017 OUTLOOKS PROVIDED IN HERSHEY'S & AMPLIFY'S Q3 EARNINGS RELEASE.HERSHEY CO - ‍ANNUAL RUN-RATE SYNERGIES OF ABOUT $20 MILLION EXPECTED TO BE GENERATED OVER NEXT 2 YEARS FROM COST SAVINGS AND PORTFOLIO OPTIMIZATION​.  Full Article

Hershey Nears $1.6 Billion Deal To Acquire Skinnypop Parent Amplify- CNBC
Monday, 18 Dec 2017 

Dec 18 (Reuters) - :HERSHEY NEARS $1.6 BILLION DEAL TO ACQUIRE SKINNYPOP PARENT AMPLIFY- CNBC, CITING SOURCES.DEAL VALUES AMPLIFY AT $12 A SHARE- CNBC, CITING SOURCES.  Full Article

Hershey in China expects to breakeven or have better operating results for 2017
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Hershey Co :On conf call- working on plans to improve performance of non-core candy brands‍​.On conf call- year-to-date U.S. E-Commerce sales up about 40 percent.On conf call- in China, small format stores continue to show growth, outpacing performance in hypermarkets.China strategy to focus on Hershey brand's messaging, continued e-commerce penetration and smaller store format expansion.In China, expect to breakeven or have better operating results for this year.We've had an active SKU rationalization program where we are eliminating merchandising SKUs, many smaller things.  Full Article

Hershey declares quarterly dividends of $0.618 on common stock
Saturday, 15 Oct 2016 

Hershey Co :Quarterly dividends of $0.618 on common stock and $0.562 on class B common stock.  Full Article

Hershey Co CEO John P. Bilbrey to retire
Friday, 14 Oct 2016 

Hershey Co : John P. Bilbrey announces intention to retire as ceo of the hershey company . Hershey co - process to identify successor underway; company reaffirms outlook for full year 2016 . Hershey co - bilbrey will continue as non-executive chairman of hershey's board of directors following his retirement as president and ceo. . Hershey co - bilbrey will continue as non-executive chairman of hershey's board of directors following his retirement as president and ceo . Hershey co says board has appointed a special committee to direct search for a new CEO . Hershey co - company also reaffirmed its full-year 2016 outlook outlined in company's Q2 2016 earnings announcement . Special committee will review internal and external candidates with assistance from Egon Zehnder, a leading executive search firm . Hershey co - special committee is led by Pamela Arway, chair of governance committee . Fy2016 earnings per share view $4.26, revenue view $7.45 billion -- Thomson Reuters I/B/E/S .Hershey co - chief executive officer Bilbrey intends to retire from company July 1, 2017.  Full Article

Mondelez raised bid for Hershey's to $115/share last week - CNBC, citing DJ
Tuesday, 30 Aug 2016 

:Mondelez raised bid for Hershey's to $115/share last week before giving up; Hershey wanted at least $125 - CNBC, citing DJ.  Full Article

Mondelez International no longer pursuing combination with Hershey
Tuesday, 30 Aug 2016 

Mondelez International Inc : Mondelez International Inc says it has ended discussions with Hershey Company regarding a possible combination of two companies .Taking into account shareholder developments at Hershey, determined that there is no actionable path forward toward an agreement.  Full Article

BRIEF-Hershey Says Board Announced Quarterly Dividend Of $0.656 On Common Stock

* HERSHEY - BOARD TODAY ANNOUNCED QUARTERLY DIVIDENDS OF $0.656 ON COMMON STOCK AND $0.596 ON CLASS B COMMON STOCK Source text for Eikon: Further company coverage: