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Aug. 7, 2015, 7:09 AM
- Hershey (NYSE:HSY) declares $0.583/share quarterly dividend, 9% increase from prior dividend of $0.535.
- Forward yield 2.53%
- Payable Sept. 15; for shareholders of record Aug. 25; ex-div Aug. 21.
Aug. 7, 2015, 7:01 AM
- Hershey (NYSE:HSY): Q2 EPS of $0.78 beats by $0.03.
- Revenue of $1.58B (flat Y/Y) misses by $40M.
Aug. 6, 2015, 5:30 PM
Aug. 5, 2015, 8:03 AM
Jul. 16, 2015, 9:36 AM
- Hershey (HSY +0.6%) announces it hired a new Chief Marketing Officer.
- Peter Horst was hired away from Capital One Financial where he led a well-known and distinctive marketing campaign (What's in your Wallet?).
- The hiring comes with Hershey stuck in a bit of a rut, shares down 11.3% YTD, amid global F/X challenges and a shift toward healthier snacking.
Jul. 7, 2015, 9:08 AM
- Hostess Brands, the bakery firm that was pursuing a sale after two years under private-equity ownership, has taken itself off that market and will pursue an IPO instead, Reuters reports.
- The company reportedly turned down offers from other companies and P-E firms that valued it from $2.4B-$2.5B including debt. It'll now seek a new loan to pay a dividend to its owners, Dean Metropoulos and Apollo Global Management (NYSE:APO).
- Hostess has turned its business around quickly after filing for bankruptcy three years ago, but its market share is still below pre-bankruptcy levels.
- Brands have been relaunched and profitability has improved since being bought out of bankruptcy.
- Snack rivals: MDLZ, HSY, FLO, OTCPK:GRBMF.
Jun. 19, 2015, 1:11 PM
- Confidence in Hershey (HSY -3.5%) is slipping after the company cut guidance earlier today.
- The candy seller is battling soft demand for chocolate in China and a broader global food trend toward protein snacks
- Hershey purchased Shanghai Golden Monkey for $584M in 2013 with an eye on leveraging the local brand with its iconic products, but so far has failed to generate some of the synergies which were forecast.
- HSY is trading close to its 52-week low.
- Previously: Hershey slides after lowering guidance (Jun. 19 2015)
- Previously: Job cuts and productivity plan unveiled at Hershey's (Jun. 19 2015)
Jun. 19, 2015, 7:26 AM
- Hershey (NYSE:HSY) announces it will cut 300 jobs by the end of the year.
- The company says it will take a pretax charge of $100M to $120M to cover the job eliminations.
- A global leadership team is being created by Hershey to tackle growth in emerging markets.
- HSY -2.9% premarket after updating guidance earlier.
Jun. 19, 2015, 7:10 AM
- Hershey (NYSE:HSY) estimates sales will increase 2.5% to 3.5% this year.
- If currency fluctuations are backed out, sales are seen rising 6% to 7%.
- The company's guidance takes into account new acquisitions and chocolate growth in China which is below expectations.
- Full-year EPS is expected to be in a range of $4.10-$4.18 vs. $4.31 consensus.
- HSY -2.99% premarket to $89.50.
Jun. 17, 2015, 3:26 AM
- Beginning in 2018, companies will have to seek approval before they can put partially hydrogenated oils into foods, after the FDA said the ingredient should no longer be considered safe and laid out far-reaching restrictions.
- While not a ban, the FDA's move marks the first restriction on trans fats at the national level. It first proposed the action in 2013.
- Related tickers: Nestle (OTCPK:NSRGY), PepsiCo (NYSE:PEP), Tyson Foods (NYSE:TSN), Mondelez International (NASDAQ:MDLZ), Unilever (NYSE:UL), General Mills (NYSE:GIS), Kraft Foods (NASDAQ:KRFT), Kellogg (NYSE:K), Dean Foods (NYSE:DF), Campbell Soup (NYSE:CPB), Hormel (NYSE:HRL), Hershey (NYSE:HSY), Pilgrims Pride (NASDAQ:PPC).
Jun. 9, 2015, 10:43 PM
- San Francisco is one step closer to becoming the first U.S. city to require warning labels on sugary drinks after government officials approved a new measure.
- The San Francisco Board of Supervisors and Mayor still have to sign off on the anti-soda ordinances.
- Some juice products, flavored milk products, and sports drinks will be included in the targeted beverage category if they contain a certain threshold of added sugar.
- Health advocates say they will make a second run at passing a sugar tax in San Francisco. They are also aiming for a broader push beyond California on consumer sugar warnings.
- The beverage industry has reacted to uneven demand in the U.S. for soda drinks in part with product innovation (craft, cane sugar, energy, protein) aimed at millennials.
- Related stocks: KO, PEP, DPS, COT, MNST, OTCQB:JSDA, REED, FIZZ, HSY, DF,
Jun. 1, 2015, 12:49 PM
- Iconic food and beverage brands continue to grow out of favor with U.S. consumers, according to a new report from Rabobank.
- Many Q1 earnings reports tipped off weakness at well-known F&B brands.
- The bank notes that the increasing purchase power of the millennial generation is a major factor in the shift as e-commerce accounts for a higher mix of purchasing.
- A willingness of major retail chains such as Target (NYSE:TGT), Kroger (NYSE:KR), and Costco (NASDAQ:COST) to attempt to differentiate themselves with new concepts and products has also contributed to well-known brands slipping.
- Rabobank thinks major food and beverage players can still show strong growth rates if they are nimble with their strategy and use M&A wisely to catch fresh brands on the upswing.
- Related stocks: K, GIS, CPB, MDLZ, PEP, KO, HSY, SJM, DPS, KRFT, OTCPK:NSRGY, OTCPK:NSRGF.
Apr. 27, 2015, 5:33 PM
- Hershey (NYSE:HSY) declares $0.535/share quarterly dividend, in line with previous.
- Forward yield 2.28%
- Payable June 15; for shareholders of record May 26; ex-div May 21.
Apr. 24, 2015, 7:00 AM
- Apollo Global Management (NYSE:APO) and Dean Matropoulus are looking to sell Hostess after only holding the brand for about two years, according to the New York Post.
- Sources indicate at least one buyer is willing to pay the $2B price tag.
- Hostess was sold out of bankruptcy for $410M and now operates under a more cost-efficient structure.
- Analysts think Hostess could be grown to a billion-dollar brand.
- Snack rivals includes Mondelez International (NASDAQ:MDLZ), Hershey (NYSE:HSY), Flower Foods (NYSE:FLO), and Grupo Bimbo (OTCPK:GRBMF).
Apr. 23, 2015, 8:36 AM
- Hershey (NYSE:HSY) reports net sales rose 4.6% excluding unfavorable foreign currency translation in Q1.
- Segment sales: North America: $1.71B (+2.9%); International & other: $230.8M (+8.5%).
- Adjusted gross margin rate improved 10 bps to 46.6%.
- EBIT margin fell 200 bps to 20.3%.
- FY2015 Guidance: Net sales: +4.5% to +5.5%; Gross margin rate: +155 bps to +165 bps; GAAP EPS: $4.17 to $4.28; Adjusted EPS: $4.30 to $4.38;
- HSY -1.86% premarket.
Apr. 23, 2015, 7:10 AM
- Hershey (NYSE:HSY): Q1 EPS of $1.09 misses by $0.07.
- Revenue of $1.94B (+3.7% Y/Y) misses by $20M.
The Hershey Co is engaged in the manufacturing, marketing, selling and distributing chocolate and sugar confectionery products, pantry items, such as baking ingredients, toppings and beverages; and gum and mint refreshment products.
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