The Hershey Co - Company Profile
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Business Description
The Hershey Co (Hershey) is a producer of chocolate, sweets, mints, and refreshment products. The company offers baking ingredients, toppings, beverages, and snack items such as spreads, bars and snack bites and mixes, popcorn, protein bars, and cookies. Hershey sells and distributes its products under brands such as Jolly Rancher, Almond Joy, Brookside, barkTHINS, Cadbury, Good & Plenty, Heath, Kit Kat, Lancaster, Payday, Rolo, Twizzlers, Whoppers and York.
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R&D Overview
Hershey’s R&D arm focuses on developing new products, improving the quality of existing products, modernizing production processes, and developing and implementing new technologies to enhance the quality and value of both current and proposed product lines. It has R&D activities in the US, Brazil, Mexico, and India and Malaysia. In FY2024, the company incurred an expenditure of US$55.7 million on R&D, which as a percentage of revenue stood at 0.4%.
Business Segments
Overview
Operate outside of North America and manufactures product in Mexico, Brazil, India and Malaysia, primarily for consumers in these regions. Also distributes and sells confectionery products in export markets of Asia, Latin America, Middle East, Europe, Africa, and other regions.
Performance
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Overview
Provides traditional chocolate and non-chocolate confectionery, gum and refreshment products, snack bites and mixes, pantry, protein bars, spreads, and food service lines. Offers products under Hershey’s, Cadbury, Good & Plenty, Heath, Reese’s, Kisses, Jolly Rancher, Almond Joy, Brookside, barkTHINS, Kit Kat, Twizzlers, Whoppers, Payday, Rolo, York, ONE bar, Ice Breakers, Breath Savers, and Bubble Yum brand names
Performance
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Overview
Offers ready-to-eat popcorn, baked and trans-fat free snacks, pretzels and other snacks.
Performance
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Geographical Segments
Performance
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Performance
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