HHershey makes and sells snacks and confections under many well-known brands, such as HERSHEY’S, REESE’S, KIT KAT, JOLLY RANCHER, ICE BREAKERS, and SkinnyPop, earning billions in revenue each year. Its products are created by baking, molding, and packaging chocolate bars, candy, and snack foods so they can be enjoyed by consumers and distributed through retailers around the world. What sets Hershey apart is its large, diverse brand portfolio and its long-standing commitment to responsible business practices and community support, including education initiatives like the Milton Hershey School. The company’s goal is to create more moments of goodness for people by delivering trusted snacks while supporting its people and communities through sustainability and social programs.
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Industries
Company Size
10,001+
Company Stage
IPO
Headquarters
Derry Township (Dauphin County), Pennsylvania
Founded
1894
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Total Funding
$750M
Above
Industry Average
Funded Over
2 Rounds
Halloween candy is getting pricier, and shoppers are buying less. Chocolate price and product mix rose 9.5% year over year in the four weeks ended September 19, while volume sold fell 8.6%, according to NielsenIQ data cited by Bank of America. Hershey's sales fell 0.9% in the period, with volume down 10.6% and price/mix up 10.9%. Hershey raised prices to offset higher cocoa costs. The Bureau of Labor Statistics said candy and chewing gum prices rose 7.7% from a year earlier in September. Coffee prices rose 7.1%, while butter fell 10.3%. Other packaged food makers show the same pattern. Kraft Heinz volume fell 3.5% as price/mix rose 1.3%, and Conagra volume fell 4.8% as price/mix rose 4.3%.
General Mills would pay more dividend income than Hershey over the next 10 years, even if it never raises its payout. A $10,000 investment in General Mills yields 7.7%, or $770 a year, against 3.7% at Hershey. At each company's five-year dividend growth rate, $10,000 in General Mills pays about $9,181 over 10 years, against about $6,403 for Hershey. Hershey raised its dividend 11.7% a year from fiscal 2020 to fiscal 2025; General Mills raised its by 3.9% a year from fiscal 2021 to fiscal 2026. General Mills' chief financial officer said on September 23 that the company expects to hold its dividend flat in the near term while it pays down debt. Net debt is 3.7x EBITDA, above its 3x target, and it paid out 85% of free cash flow as dividends over the latest twelve months. Hershey's payout is 50%, with net debt at 1.8x EBITDA.
Simply Wall St has picked three defensive dividend stocks for income investors, after investor Ray Dalio warned of a potential US debt "death spiral." The screen's full list includes 34 more large US dividend payers. Ingredion (INGR), a supplier of starches and sweeteners, has a market cap of $6.1 billion. Its largest segment is Texture & Healthful Solutions, at about $2.5 billion in revenue. National Fuel Gas (NFG), a natural gas utility and pipeline operator, has a market cap of $7.5 billion. Nearly $30 million of added expansion revenue is due to begin in fiscal 2027. Hershey has a market cap of $33.0 billion and earns about $9.8 billion from North America Confectionery. A 2025 cocoa shock cut its GAAP earnings per share by roughly 60%, largely through non-cash hedge losses.
Hershey changes Reese's Pumpkins packaging after lawsuit over design. The Hershey Co. has added a new disclaimer to Reese's Peanut Butter Pumpkins following a legal battle over claims that images on the packaging did not match the actual candy. Packages of the seasonal treat now feature the words "Carving not on actual product" next to an image of the pumpkin-shaped Reese's with jack-o'-lantern-style eyes and a mouth, according to product images on the official Hersheyland website. The disclaimer appears in small text on the front and back of the packaging. It replaces previous language that read, "Decorating Suggestion," according to court documents. HERSHEY TO RETURN TO CLASSIC REESE'S RECIPE AFTER FOUNDER'S GRANDSON CRITICIZES BRAND FOX Business reached out to The Hershey Co. for comment. The change comes after Hershey won the dismissal of a proposed class-action lawsuit brought by two Florida consumers. They alleged they were misled because the Reese's pumpkins they bought did not include the decorative carvings pictured on the packaging, Reuters reported last month. U.S. District Judge Melissa Damian in Miami ruled that plaintiffs Nathan Vidal and Eduardo Granados lacked legal standing to claim they overpaid for the candy. The plaintiffs said they bought the Reese's candy for the "novelty" of its "cool and beautiful carved-out designs." GRANDSON OF REESE'S INVENTOR BLASTS HERSHEY OVER ALLEGED RECIPE CHANGES: 'I THREW IT IN THE GARBAGE' "Accepting plaintiffs' allegations as true, it is clear that their only injury is their subjective disappointment," Damian wrote. "Plaintiffs do not allege that the Hershey's Reese's Peanut Butter Pumpkins that they purchased were defective or worthless or that they lost all economic value because of the absence of the decorative carvings." Damian also rejected their argument that they paid as much as 25% more for the products. Hershey had argued in court filings that its packaging described the pictured carvings as a "decorating suggestion," Reuters reported. James Kelly, an attorney for the plaintiffs, said his clients were disappointed with the ruling and planned to appeal. "Consumers in Florida deserve to get what they pay for, and it is troubling to see them left without protection," he said. POPULAR REESE'S, ALMOND JOY ICE CREAM BARS RECALLED OVER LABELING ERROR Damian also dismissed an earlier version of the lawsuit last September, according to Reuters. Hershey recently rolled out more than 20 Halloween-themed products ahead of the holiday. Reuters contributed to this report.
Hershey adds new carving disclaimer to reeses Peanut Butter Pumpkin wrappers following lawsuit. Following a high-profile false advertising lawsuit over missing jack-o-lantern faces, Hershey updated its Reese's Peanut Butter Pumpkin packaging with a new disclaimer stating carving not on actual product. Confectionery giant Hershey is updating its seasonal packaging following a widely publicized legal battle over the appearance of its Halloween treats. Sharp-eyed shoppers noticed a brand-new warning printed across wrappers of Reese's Peanut Butter Pumpkins. Ahead of the 2026 Halloween season, packages now feature an explicit disclaimer stating: "Carving not on actual product." The labeling update follows a class-action lawsuit filed in Florida federal court that accused the manufacturer of deceptive marketing after consumers discovered that the unwrapped chocolate treats lacked the carved jack-o'-lantern mouths and eyes depicted on the front packaging. Inside the reeses Pumpkin packaging controversy. The packaging change highlights an ongoing debate between creative food presentation and accurate consumer labeling. The lawsuit alleged that Hershey violated state consumer protection laws by depicting intricate jack-o'-lantern face carvings on wrappers for Reese's Pumpkins, Ghosts, and Bats, while delivering smooth, uncarved chocolate shapes inside. Replacing subtle fine-print suggestions, the updated packaging explicitly informs buyers before purchase that the carved facial features shown on the wrapper are strictly illustrative. U.S. District Judge Melissa Damian ruled that plaintiffs failed to demonstrate concrete economic harm, concluding that subjective visual expectations did not invalidate the core product delivered. Despite securing a legal dismissal, Hershey implemented the updated labeling across its 2026 "Hersheyween" seasonal product lineup to eliminate potential retail confusion and maintain brand transparency. Consumer impact and packaging transparency. While legal experts note that exaggerating food artwork on packaging is a common industry practice, the Reese's case underscores growing scrutiny surrounding holiday food marketing. By adding the straightforward warning directly onto wrappers, Hershey aims to preserve its seasonal bestseller while setting clear expectations for trick-or-treaters and chocolate fans nationwide.
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Industries
Company Size
10,001+
Company Stage
IPO
Headquarters
Derry Township (Dauphin County), Pennsylvania
Founded
1894
Find jobs on Simplify and start your career today