NYSE:HSY

Hershey announced a limited-edition Dubai-Inspired Chocolate Bar that will launch on December 4, 2025, with only 10,000 bars available. The bar blends Hershey’s milk chocolate with pistachio cream and crispy kadayif, echoing a viral social-media dessert trend. It will be sold for 8.99 dollars exclusively through Gopuff in New York, Philadelphia, and Chicago, and in person at Hershey’s Chocolate World in Times Square, where a live countdown will take place. Hershey emphasized that this is a one-time release with no restock planned, positioned as a collectible item for trend followers and chocolate fans.
Hershey Tops Q3 Expectations and Raises 2025 Outlook on Strong Brand Momentum

The Hershey Company (NYSE: HSY) reported third-quarter 2025 net sales of $3.18 billion, up 6.5% year over year, with organic sales rising 6.2%. Reported net income was $276 million, or $1.36 per diluted share, down 38%, while adjusted EPS fell 44% to $1.30 due to higher costs and one-time items. CEO Kirk Tanner highlighted strong innovation and strategic brand investment as key growth drivers.

Based on solid year-to-date results, Hershey raised its full-year 2025 net sales growth target to about 3% and adjusted EPS guidance to the upper half of the $5.90–$6.00 range. The company expects approximately $150 million in cost savings from its Agility & Automation Initiative and confirmed capital expenditures of about $425 million.
The Hershey Company announced that on October 21, 2025, it entered into a new Five-Year Credit Agreement providing an unsecured revolving credit facility of up to $1.875 billion, with the option to expand commitments by up to an additional $1.0 billion upon lender consent. The facility, arranged by Bank of America (administrative agent), JPMorgan Chase, Citibank, Royal Bank of Canada, and U.S. Bank, may be used for general corporate purposes, and borrowings can be repaid at any time without penalty.

The agreement includes a financial covenant requiring that the ratio of pre-tax income from continuing operations to consolidated interest expense be at least 2.0 to 1.0 each quarter. It also contains customary covenants and events of default, with lenders holding a majority of commitments having the right to accelerate payments or terminate lending obligations in the event of default. Hershey may extend the termination date for up to two additional one-year periods.

Simultaneously, Hershey terminated its previous $1.35 billion five-year revolving credit facility dated April 26, 2023, which allowed expansion by up to $500 million.
The Hershey Company has launched a special-edition collaboration with The Pokémon Company, featuring Hershey’s Kisses chocolates wrapped in collectible foils showcasing all 151 original Pokémon from the Kanto region.
Each unwrapping offers a chance to discover, trade, and collect characters like Pikachu and Mew. Fans can track their collection digitally via Hersheyland.com/Pokemon and may also receive a limited-edition Collector’s Case to store all 151 designs. Available in 10.1 oz and 34.1 oz bags at select U.S. retailers, the chocolates blend nostalgia and fun for Pokémon fans and chocolate lovers alike.
ONE and Hershey’s Launch Double Chocolate Protein Bar, Backed by Bryson DeChambeau

ONE Brands and Hershey's have teamed up to launch the new ONE x Hershey’s Double Chocolate protein bar, featuring 18g of protein and just 1g of sugar. The bar uses real Hershey’s cocoa and chips, combining indulgence with performance. Pro golfer Bryson DeChambeau is endorsing the product, aligning it with his fitness and golf regimen. To promote the launch, ONE is running the “Double or ONEthing Challenge” during DeChambeau’s June tournament — if he scores another hole-in-one, fans can claim a free bar on June 16. The product is currently in select markets, with nationwide availability coming soon.
Hershey Unveils Caramel-Filled Milk Chocolate Bar Just in Time for Summer S'mores Season

The Hershey Company has launched a limited-edition HERSHEY’S Milk Chocolate with Caramel bar, blending its classic milk chocolate with a gooey caramel center. Just in time for summer, the new bar is designed to elevate s'mores with added melt and indulgence.

Available now in 6-packs at retailers nationwide, this seasonal treat promises to bring a sweet twist to campfire gatherings and backyard marshmallow roasts. Hershey says it’s the perfect mix of tradition and innovation, with a caramel drip that takes s'mores “from great to legendary.”
The product will only be available for a limited time while supplies last.
Hershey Shareholders Approve All Proposals at 2025 Annual Meeting

The Hershey Company held its 2025 Annual Meeting of Stockholders on May 6, where all proposals received strong shareholder support. All nominated directors were elected, Ernst & Young LLP was ratified as independent auditor, executive compensation was approved on an advisory basis, and the company’s amended and restated certificate of incorporation was adopted.

Notably, CEO Michele Buck was re-elected with over 647 million votes in favor. The advisory "say-on-pay" resolution passed with over 625 million votes supporting executive compensation, and shareholders approved the amended certificate of incorporation with nearly 654 million votes in favor.

Excerpt:
Hershey shareholders approved all agenda items, including board elections, auditor ratification, executive compensation, and corporate charter amendments, with strong majorities across the board.
The Board of Directors of The Hershey Company (NYSE: HSY) today announced quarterly dividends of $1.370 on the Common Stock and $1.245 on the Class B Common Stock. The dividends were declared April 30, 2025, and are payable June 16, 2025, to stockholders of record as of May 16, 2025. It is the 381st consecutive regular dividend on the Common Stock and the 162nd consecutive regular dividend on the Class B Common Stock.
Hershey Company reported first-quarter 2025 financial results showing declines in revenue and profit due to lower volumes and increased costs.

Key financials for Q1 2025 compared to Q1 2024:

- Net sales were $2.81 billion, a decrease of 13.8 percent.
- Organic, constant currency net sales declined 13.2 percent.
- Reported net income was $224 million, down 71.7 percent.
- Reported earnings per share (diluted) were $1.10, compared to $3.89 last year.
- Adjusted EPS was $2.09, a decline of 31.9 percent.
- Gross margin fell to 33.7 percent from 51.5 percent.
- Adjusted gross margin was 41.2 percent, down 370 basis points.
- Operating profit declined 65.1 percent to $369 million.
- Adjusted operating profit was $608 million, down 29.4 percent.

Segment performance:

- North America Confectionery net sales decreased 15.0 percent, driven by volume declines tied to prior-year inventory timing, the later Easter, and fewer shipping days. Segment profit was down 26.6 percent.
- North America Salty Snacks sales rose 1.0 percent, supported by strong performance from Dot’s Pretzels and SkinnyPop. Segment profit increased 8.1 percent.
- International segment sales dropped 15.9 percent, mostly due to reduced volume and currency impacts. Segment profit declined 32.9 percent.

Outlook for 2025:

- Net sales growth is expected to be at least 2 percent.
- Adjusted EPS is projected between $6.00 and $6.18, reflecting a mid-30 percent decline.
- Tariff expenses in Q2 are estimated at $15 to $20 million.
- Capital expenditures are expected to be between $425 million and $450 million.
- The company aims for $125 million in cost savings through its automation and agility initiative.
- Reported and adjusted effective tax rates are expected to be approximately 16 percent.

Main headwinds in Q1 included derivative mark-to-market losses, increased input costs, and volume softness. The company reaffirmed its full-year guidance despite ongoing tariff uncertainty.
The Hershey Company Announces Amendments to Corporate Bylaws
HERSHEY, PA – March 4, 2025 – The Hershey Company (NYSE: HSY) has announced amendments to its corporate bylaws, which were approved by the Board of Directors and are effective immediately. These changes are intended to enhance corporate governance and align with best practices.

Key Amendments to the Bylaws
1. Independent Chairman of the Board Requirement
The Chairman of the Board must be an independent director.
However, Michele G. Buck (current Chairman and CEO) may continue to hold both positions for as long as she remains a director and CEO.
2. Majority Voting Standard for Director Elections
Uncontested elections: Each director nominee must receive a majority of votes cast to be elected.
Voting Breakdown:
Common Stock Holders (Voting Separately): A nominee must receive more FOR votes than AGAINST votes to be elected.
Common & Class B Common Stock Holders (Voting Together): A nominee must receive more FOR votes than AGAINST votes to be elected.
3. Director Resignation Policy
Incumbent directors who receive more AGAINST votes than FOR votes must offer their resignation.
The Board (excluding the affected director) will determine within 90 days whether to accept the resignation based on a recommendation from the Governance Committee.
The company will disclose the decision in an SEC Form 8-K filing, including any reasons for rejecting the resignation.
Corporate Governance Commitment
These amendments reflect Hershey’s commitment to strong corporate governance, ensuring accountability and transparency in director elections and leadership structure.
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