The Latest Breaking News from HSY

Stock Of The Day: Investors have sought shelter in defensive names like Hershey stock. Wall Street expects price hikes to drive earnings.

Hershey (NYSE:HSY) has outperformed the market over the past 20 years by 3.26% on an annualized basis producing an average annual return of 10.27%. Currently, Hershey has a market capitalization of $45.14 billion.

Rising demand and worsening supply chain disruptions are leading to rising food prices. Relatively inelastic demand for the products manufactured and sold by Hershey (HSY) and Mondelez (MDLZ) should help them benefit by passing on the rising input prices to their customers. But which of these two stocks is a…

Hershey (NYSE:HSY) has outperformed the market over the past 20 years by 2.95% on an annualized basis producing an average annual return of 9.72%. Currently, Hershey has a market capitalization of $43.19 billion.

Hershey (NYSE:HSY) has outperformed the market over the past 15 years by 2.98% on an annualized basis producing an average annual return of 9.93%. Currently, Hershey has a market capitalization of $42.97 billion.

Inflation has surged to record levels. And in a high inflationary environment, consumer defensive stocks do well due to the almost inelastic demand for their products. So, since inflation is expected to remain elevated due to high energy prices and supply chain issues, we think it could be wise to…

Many experts believe that the Federal Reserve’s aggressive monetary policy to control surging inflation could push the economy into a recession. Since consumer staples companies weather recessionary pressure well because of inelastic demand for their products, we think it could be wise to bet on the stocks of fundamentally sound…

Hershey (NYSE:HSY) has outperformed the market over the past 20 years by 2.89% on an annualized basis producing an average annual return of 9.85%. Currently, Hershey has a market capitalization of $46.01 billion.

Hershey Co (NYSE:HSY) reported first-quarter FY22 sales growth of 16.1% year-on-year, to $2.67 billion, beating the consensus of $2.48 billion. Organic, constant currency net sales grew 11.5%. Hershey's North America Confectionery segment net sales rose 11.7% Y/Y to $2.22 billion. Sales for Hershey's International and other segments increased 17.9% to $223.1 million. Gross…

Hershey Co (NYSE:HSY) workers in its second-largest U.S. manufacturing plant have voted against unionization, Reuters reported. The Stuarts Draft, Virginia plant, making peanuts products and candy bars, has around 1,400 employees. Out of Hershey’s seven U.S. plants, two are unionized. The call for unionization has gained impetus in recent times among low-paid…

Hershey Co (NYSE: HSY) posted