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Hershey Company (The) stock price
Hershey Company (The) latest news:
Valentine's Day unwraps sweet stock deals
History shows Hershey and 1-800-Flowers.com outperforming the broader market from Feb.1 to Feb. 15.
UPDATE 3-Hershey's surprise profit miss weighs on shares
Feb 1 (Reuters) - Hershey Co missed profit estimates
for the first time in seven quarters, sending the candy maker's
shares down 6 percent in morning trade on Thursday, the latest
sign that food companies continue to struggle with lagging sales
Hershey earnings and sales miss consensus
Hershey Co. reported fourth-quarter net income of $181.1 million, or 85 cents per share, up from $116.9 million, or 55 cents per share, for the same period last year. Adjusted EPS was $1.03, below the $1.07 FactSet consensus. Sales totaled $1.94 billion, down from $1.97 billion and missing the $1.96 billion FactSet consensus. Hershey attributed the sales decline, in part, to the timing of shipments and the launch of the Hershey's Cookie Layer Crunch bar in the prior year. Hershey expects 2018 net sales to grow 5% to 7% and organic sales to increase in the range of slightly up to 2%. Adjusted EPS is expected to be in the $5.33 to $5.43 range. The candy and snacks company is evaluating the cash benefit of new tax reform laws. Hershey shares are unchanged in Thursday premarket trading, and up 5% for the past year. The S&P 500 index is up nearly 24% for the last 12 months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Hershey, Campbell bet nearly $6 billion on healthy snacks makers
(Reuters) - Campbell Soup Co and Hershey Co on Monday unveiled deals totaling nearly $6 billion to buy healthy packaged snacks makers, the latest example of big U.S. food companies trying to cater to an increasing American preference for healthy foods.
Crisps and snacks seen as a route to growth by US firms
The Hershey Company and Campbell Soup strike multi-billion dollar deals to buy rival snack firms.
Hershey to acquire Skinny Pop maker for $920M
Candy giant Hershey Co. said Monday that it had reached a deal to acquire the maker of Skinny Pop popcorn, Tyrrells chips and other snack brands.
Skinny Pop parent Amplify's Snack stock rockets after $921 million Hershey buyout deal
Shares of Amplify Snack Brands Inc. , the parent of Skinny Pop popcorn, rocketed 71% in premarket trade Monday, after the company agreed to be acquired by Hershey Co. in a deal that gives Amplify a market value of $921 million. Under terms of the deal, Hershey will pay $12.00 in cash for each Amplify share outstanding, which is 71.4% above Friday's closing price of $7.00. Including debt, the deal is valued at $1.6 billion. Hershey said it would fund the deal with cash on hand and new debt, and is not expected to affect Hershey's current credit ratings. Hershey expects the deal to add to adjusted earnings per share in the first year after closing, which is expected to occur in the first quarter of 2018. "Hershey is a great cultural partner for Amplify and I'm excited for our team who will have access to Hershey's marketing and go-to-market resources to take our brands to the next level," said Amplify Chief Executive Tom Ennis. Amplify's stock had tumbled 20.5% year to date through Friday, while Hershey shares had gained 10.4% and the S&P 500 had climbed 19.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Ivory Coast in talks with Hershey over cocoa products factory
ABIDJAN, Dec 6 (Reuters) - Ivory Coast is in talks with
Hershey over the construction of a factory for making
and marketing semi-finished cocoa products, the government's
spokesman said on Wednesday after a cabinet meeting.
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