The Kisses maker said duties on the commodity is expected to result in millions of dollars in extra costs Hershey is calling on the White House to exempt cocoa from tariffs as an escalating trade war could push chocolate prices even higher The Kisses and Almond Joy manufacturer told investors it expects tariffs to cost between $15 million and $20 million during the second quarter as the company works through existing cocoa inventories the Pennsylvania company said tariffs could increase costs by up to $100 million in the third and fourth quarters Hershey has “robust mitigation plans” in place to lower costs and reduce the impact of tariffs below that level "Cocoa cannot be grown in the United States and thus, we are engaging with the U.S. government to seek an exemption," Michele Buck, Hershey's CEO, said in prepared remarks tied to its first-quarter earnings Hershey is working with lawmakers and trade groups to convince the Trump administration on the tariff exclusion largely relies on the Ivory Coast and Ghana in West Africa In addition to a base 10% tax already in effect, President Donald Trump has threatened 21% retaliatory tariffs on the Ivory Coast Hershey said it not only faces exposure to imported cocoa but also on retaliatory tariffs put in place by Canada, which is an important player in cocoa processing "We've got the most effort focused on influencing government action using every lever at our disposal to get those tariffs changed particularly with respect to cocoa," said Steve Voskuil The tariffs are the latest challenge for confectionary companies as they struggle with high cocoa prices due to growing challenges from weather Hershey, Mondelēz International and others increased prices in 2024 to offset the run-up in costs for the ingredient While cocoa prices have come down from their record highs last year Get the free daily newsletter read by industry experts The CPG manufacturer wants to grow the product into a $1 billion hydration brand by building its presence in everything from energy to cocktails Smucker are among the CPG giants leveraging the brand equity of well-known products to expand into different categories The free newsletter covering the top industry headlines will process the ingredient for brands such as Reese’s and Kit Kat As companies look to boost production and improve the efficiency of their existing supply chain expanding or even closing older facilities across their networks The new Hershey’s plant is located on a 55-acre site that is part of the company’s existing Reese’s campus The site has nearly 100 full-time employees and will add more positions as operations expand “Our ability to make and deliver products both quickly and efficiently is a key component of our growth strategy,” Will Bonifant vice president of supply chain strategy and manufacturing at Hershey “We’ve made significant investments to speed production increase capacity and develop our workforce for the future to make more of the iconic brands consumers love.” Hershey has recently stepped-up efforts to boost innovation across its portfolio that includes everything from Kisses and Reese’s to gummies and Dot’s pretzels While Hershey has used M&A to expand its portfolio a major part of its ability to innovate comes from efforts it has taken to grow production capacity In 2023, for example, Hershey purchased two popcorn operations from a co-manufacturer to increase production capacity and flexibility for its SkinnyPop brand. And when it purchased Dot’s in 2021 a key part of that $1.2 billion deal was buying manufacturing locations to increase output as demand increased The company is exploring new ways to leverage robotics such as systems to unload trucks and reduce the physical strain on workers CEO Andy Jassy said initial efforts to improve inventory placement are bearing fruit while more investments are underway Subscribe to Supply Chain Dive for top news Full game replays and standout highlights on-demand Comprehensive real-time game and player data at your fingertips on any device with our TV and mobile apps Which devices can I use to watch live events and videos Apple Store (Apple TV) Can I access my account on multiple devices Can I watch multiple streams from a live event at the same time you can watch up to 12 streams on one or multiple devices connected to the same WiFi network or IP address and another on a Connected TV device like Roku at the same time Why are some videos unavailable in my location or country FloSports streams thousands of events every year events are restricted to specific geographical regions based on contractual agreements with rights holders and we aren’t able to stream to all geographical locations If a stream or event replay is not available in your location we will display an event "is not available in your location" message on the Event’s page or our Schedule pages check your VPN or proxy settings and try turning the setting to 'Off' Your subscription will remain active through the remainder of the last billing cycle Visit the Account Details > Subscription page to make a change to your subscription Feel free to Contact us Hershey’s Cameron Sweeney drives against Neumann-Goretti in the Boys 5A high school basketball championship game Sean Simmers |ssimmers@pennlive.comSean Simmers .st1{fill-rule:evenodd;clip-rule:evenodd;fill:#2a2a2a}By Dan Sostek | dsostek@pennlive.comAfter leading his Hershey Trojans to the program’s first state title game appearance in program history Cam Sweeney earned some more accolades for a stellar year • Sign up for PennLive’s daily high school sports newsletter The Hershey star is a headliner on the Pennsylvania Sports Writers’ boys basketball 5A All-State team Neumann-Goretti’s Stephon Ashley-Wright earned the nod for Player of the Year while Hershey head coach Paul Blackburn took home 5A Coach of the Year honors Jayden Davis 5’ 10” senior Chartiers Valley Donte Tisinger 6’ 3” senior Greater Johnstown Alassan N’Diaye 6’ 6” junior Neumann-Goretti Korey Francis 6’ 3” sophomore Bonner-Prendergast Chase Smucker 6’ senior Lampeter-Strasburg DeShawn Yates 5’ 10” junior Neumann-Gorett Amier Robinson 6’ 3” junior Greater Johnstown Adrien Varella 6’ 3” senior Holy Ghost Prep Thanks for visiting PennLive. Quality local journalism has never been more important. We need your support. Not a subscriber yet? Please consider supporting our work. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement, (updated 8/1/2024) and acknowledgement of our Privacy Policy, and Your Privacy Choices and Rights (updated 1/1/2025) © 2025 Advance Local Media LLC. All rights reserved (About Us) The material on this site may not be reproduced except with the prior written permission of Advance Local Community Rules apply to all content you upload or otherwise submit to this site YouTube's privacy policy is available here and YouTube's terms of service is available here Ad Choices Already member? Login first! Cal Petersen was huge in relief and the Lehigh Valley Phantoms frustrated the Hershey Bears at ever turn winning game three in their best-of-five series 4-2 Cal Petersen came in relief and stopped 15 shots and the Lehigh Valley Phantoms flustered the visiting Hershey Bears for a thrilling 4-2 win Sunday at PPL Center The Phantoms now lead the best-of-five series two games to one First period: 11:23- Jacob Gaucher (Unassisted) (SHG) Second period: 3:03- Andrew Perrott (Matt Strome Third period: 14:09- Olle Lycksell (Emil Andrae) The Phantoms didn’t score on their first power play but then gave up two power plays to Hershey who seemed to gain some momentum from the kill The Bears had a two-on-one nixed by Adam Ginning but a somewhat iffy tripping call led to another short-handed situation And as has been the case the last two games Jacob Gaucher broke up a play and got in on Hunter Shepard then beating him with a nifty little play to give Lehigh Valley an important 1-0 lead It was just Lehigh Valley’s third shot of the game as both teams had a tougher than usual time hitting the net Breaking News: Gaucher is bringing the storm ⛈️#RallyTheValley | #LVvsHER | #LVPhantoms pic.twitter.com/CSCgSMSzFe The effectiveness of the penalty kill has to be renting some rooms in the psyche of Hershey whose power play prowess against Lehigh Valley makes this past season’s Philadelphia’s power play look like the Gretzky-led Oilers power plays of the ’80s Perhaps the biggest kill came late in the second period when the Phantoms closed ranks and gave Cal Petersen (more on him later) some much needed help with some shot blocks and crisp clears Clearly it was frustrating the hell out of Hershey who botched another power play in the third The Phantoms and Bears got some hate built up in game two and didn’t take long to show that vitriol towards each other early With both teams starting their fourth lines the Phantoms threw their weight around before a small scrum started after the first whistle Lehigh Valley’s first power play came courtesy of a strong shift by Givani Smith and his linemates getting a good shot against Shepard who made the stop Hershey tied things up on an Andrew Perrott shot early in the second The shot looked relatively innocent but Gahagen didn’t get it Perry comes through in a big way in his Calder Cup Playoffs debut!🍎Strome🍏Limoges https://t.co/DxxCxltila pic.twitter.com/xs5u5h1r4k Hershey seemed to kick into another gear that the Phantoms simply didn’t match for the first half of the second Ivan Miroshnichenko beat Gahagen on the glove side on what looked to a shot that deflected off something Lehigh Valley needed some quality shifts in response Hershey outshot the Phantoms 7-2 and needed a spark to get back into the game Olle Lycksell (who had a great quasi-breakaway in the second) nearly delivered but Shepard was up to the challenge Meanwhile seconds later Hershey’s golden chance was denied by an excellent stop by Gahagen who got enough of it as Gahagen (who accidentally flopped earleir in the second that looked more comical than hurtful) injured something possibly in his lower body that caused him to leave the game with 8:48 to go in the second Cal Petersen was brought in cold and given an extremely difficult position Cal Petersen was forced into the game following an injury to Gahagen Petersen had a shooting gallery at times in his own end Petersen (who had played since April 18) wasn’t pretty but he kept things tied which is all you could ask for He stopped all seven shots he faced in the middle frame as the Bears were outshooting the Phantoms 24-17 Petersen remained healthy for the remainder of the tilt as Lehigh Valley have fewer goalie options than most with injuries He also made an incredible diving stop with just under four minutes to go which energized the already high-octane crowd HOLY STICK SAVES BATMAN! What a stop by Cal!#RallyTheValley | #LVvsHER | #LVPhantoms pic.twitter.com/5HQnJC0NZC Petersen did almost a similar acrobatic stop with Hershey playing six-on-four with Shepard pulled and the Phantoms (you guessed it) killing another penalty Nikita Grebenkin had the crowd at PPL Center abuzz with an absolute cannon of a shot The one-timer gave the Phantoms an improbable 3-2 lead in the closing minutes of the second Nikita asked “Can I kick it?” And everyone said “Yes you can!”#RallyTheValley | #LVvsHER | #LVPhantoms pic.twitter.com/iypHpi3sLs especially late in the second when Aaron Ness was given a 10-minute misconduct seconds after Vincent Iorio clocked a Phantom Two of the Flyers’ brighter prospects were on the same line to start game three Both were on the power play and had some good looks particularly Jett Luchanko who drove to the dirty area but couldn’t drive it home However by the middle of the second period Luchanko’s chance was the lone shot on goal between the two players Alex Bump had a pretty quiet start to the contest and had a clean sheet through 40 minutes (except for being -1 in +/-) He also took a dumb minor two minutes into the third Jett Luchanko’s sharp angle shot was stopped by Shepard but Garrett Wilson buried the rebound to tie it 2-2 Cap Scratch Fever#RallyTheValley | #LVvsHER | #LVPhantoms pic.twitter.com/44X0vjIcpN Luchanko’s biggest chance came early in the third on a breakaway Sadly he didn’t make hay as Shepard stoned him cold Anthony Richard had a breakaway with about seven minutes to go in regulation that couldn’t provide Lehigh Valley an important insurance goal Lycksell provided that fourth goal almost a minute later using the Bears defender as a screen to beat Shepard with a fantastic wrist shot A gutsy relief appearance from Cal Petersen and the Phantoms are now a win away from knocking off the defending two-time Calder Trophy champions Hershey Bears P.S. Don’t forget to check out our podcast feed Looking for an easy way to support BSH? Use our Affiliate Link when shopping hockey merch May 2, 2025Burger King appears to be quietly updating its dessert menu with even cooler offers ahead of the heat of the upcoming summer season The beloved fast-food chain apparently added a new dessert item to its menus, and no, we're not talking about the new Nerds slush Several reports have suggested that a new collaboration between the burger giant and Hershey's is upon us 🍳 SIGN UP to get delicious recipes, handy kitchen hacks & fun food news in our daily Pop Kitchen newsletter 🍳 Fans of the brand already know that BK's ongoing partnership with Hershey's is what brought us the popular Hershey's Sundae Pie Parade has learned the duo is launching a similar richly decadent dessert item: the Hershey's Sundae BK's version of the nostalgic treat is said to feature "creamy vanilla soft serve ice cream topped with a generous drizzle of classic Hershey’s chocolate syrup," which is very similar to the King Sundae it currently offers presumably now made using Hershey's branded syrup A rep for Burger King did not immediately reply to Parade's request for comment Outside of the sweet new update, the chain is also offering several springtime exclusive entrees and sides this season, like the new Steakhouse Bacon Whopper, as well as limited-time deals On May 4, Royal Perks members can score a free order of Churro Fries with any order over $1 Two days later, teachers can redeem a free Whopper Jr Royal Perks members can snag a $0.01 Sausage Biscuit with a $1 or more purchase on May 14 those who order in the BK app or online can enjoy a freeclassic frozen strawberry flavored beverage with any purchase over $1 Next: Baskin-Robbins Launches 'Luscious' New Ice Cream Flavor for Limited Time Planning to celebrate mom in Hershey, Pa., this Mother’s Day? From coaster thrills and live events to decadent dining options, there are many ways to make mom feel extra special in The Sweetest Place On Earth Check out our guide below to help start your planning Is mom a thrill seeker, or does she love any chance to try a new sweet treat? Either way, there is something for her at Hersheypark amusement park Enjoy a day of riding roller coasters together meeting Hershey Characters and more.  Hersheypark is open over the Mother's Day weekend on Friday If mom is an animal lover, she'll enjoy taking a peek at the North American animals at ZooAmerica North American Wildlife Park which is included with a Hersheypark ticket when entering the Zoo from the bridge inside Hersheypark during posted Park hours.  Treat mom to an indulgent meal at one of our 15 dining properties throughout Hershey, Pa. The all-new 1933 Restaurant & Tavern at The Hotel Hershey is open all weekend long and offers brunch on Mother's Day from 10 a.m Featuring an approachable steakhouse menu and elevated pub fare offering tasty cocktails and one-of-a-kind desserts.  The Hotel Hershey and Hershey Lodge will both offer a buffet brunch on Mother's Day with delicious options that she won't want to miss out on tasting Seating for brunch at The Hotel Hershey is from 11 a.m and guests can make a reservation by calling 717-534-8800 and reservations can be made by calling 717-520-5489 Both resort and non-resort guests are welcome to book Other restaurants across Hershey, such as The Chocolatier Restaurant, Bar + Patio, Houlihan's Restaurant + Bar, Devon Seafood + Steak and more Visit DiningInHershey.com for hours With so many things to do throughout our sweet destination, booking a weekend stay at one of The Official Resorts at Hersheypark will make for even more time well spent with mom Play a game of chocolate bingo and cozy up by the fire for a s'mores roast at Hershey Lodge and The Hotel Hershey or enjoy a family picnic and outdoor activities at Hersheypark Camping Resort.  All guests of The Official Resorts of Hersheypark also receive FREE Resort Benefits such as discounted Hersheypark tickets extra hours at Hersheypark with Preview Plan and more On Friday, May 9, join mom for a performance she won't forget! Brit Floyd, widely recognized as the world's premier Pink Floyd experience (Rolling Stone), will bring their biggest and most spectacular production to date to GIANT Center The group's 2025 tour celebrates the 50th anniversary of Pink Floyd's iconic album “Wish You Were Here" and features an award-winning laser and light show where visitors can get up close and personal with creatures from Asia as well as cool bugs from our own backyard Hershey Gardens is open daily from 9 a.m. to 5 p.m. For ticketing information, please visit HersheyGardens.org Tickets can be purchased at the museum admissions desk for entry She can also explore aisles and aisles of unique gifts candy at the World's Largest HERSHEY'S Store Chocolate World is open all Mother's Day weekend long; hours vary by day: Tickets for attractions may be purchased online in advance. We hope you have a Happy Mother's Day in The Sweetest Place On Earth! © 2025 Hershey Entertainment & Resorts Company. All words, designs, and phrases appearing in bold, italics, and/or with the symbol ®, ℠, or ™ are trademarks owned by Hershey Entertainment & Resorts Company, or used under license or with permission. All rights reserved. iStock.com/JHVEPhotoChocolate giant Hershey said Thursday that it is “engaging” with the U.S government in hopes of exempting the key ingredient in its products — which cannot be grown in the U.S The company’s chief financial officer, Steve Voskuil, said it is “using every lever at our disposal to get those tariffs changed,” according to the Wall Street Journal. along with retaliatory tariffs imposed by Canada are the main sources of its exposure to them The company expects tariffs to increase its costs by $15 million to $20 million in the current quarter could jump to $100 million in the final quarters of the year Most of the world’s cocoa comes from West Africa; prices had already risen in recent years amid poor harvests in the region. Please enable JS and disable any ad blocker 1);}}@media screen and (prefers-reduced-motion: reduce){.css-wjxay9-SquareButton{transition-property:background-color;transition-duration:0ms;transition-timing-function:cubic-bezier(0 1);}}@media screen and (prefers-reduced-motion: reduce){.css-152q15n-SquareButton{transition-property:background-color;transition-duration:0ms;transition-timing-function:cubic-bezier(0 1);}}.css-x340e0-SquareButton{margin:0;padding:0;display:inline-grid;-webkit-column-gap:8px;column-gap:8px;grid-template-columns:repeat(3 1);}}@media screen and (prefers-reduced-motion: reduce){.css-x340e0-SquareButton{transition-property:background-color;transition-duration:0ms;transition-timing-function:cubic-bezier(0 1);}}.css-v6oqvx{margin:0;font-family:Lato,Helvetica,Arial,sans-serif;font-size:12px;line-height:20px;font-weight:700;letter-spacing:0px;font-style:normal;text-transform:none;font-stretch:normal;padding:0.5px 0px;}.css-v6oqvx::before{content:'';margin-bottom:-0.4973em;display:block;}.css-v6oqvx::after{content:'';margin-top:-0.4463em;display:block;}Listen said Thursday that it is working to reduce the impact of tariffs on already higher cocoa prices by negotiating with the White House to avoid an estimated $100 million in costs in both its third and fourth quarters this year Chat etiquette reminder (better questions lead to better answers!): so helping the person chatting with the above will enhance your shot of getting an answer .st1{fill-rule:evenodd;clip-rule:evenodd;fill:#2a2a2a}By Paul Vigna | pvigna@pennlive.comThe Hershey Civil War Roundtable will meet next on Thursday at the Vietnam Veterans of America Chapter 542 and will be carried via Zoom and Facebook Live The speaker is historian and award-winning author and speaker Robert M. (Bert) Dunkerly, who will present a talk entitled “Surrender of Greensboro Dunkerly has worked at nine historic sites Dunklerly will discuss the myths and misconceptions that abounded during the final days of the Confederacy  The meeting is free and open to the public For additional information, contact Ricky Hollis at rickyhollissr@gmail.com On May 5, 2025, a noteworthy update came from Barclays concerning Hershey (HSY, Financial) a leading name in the confectionery industry The Barclays analyst Andrew Lazar maintained an "Equal-Weight" rating for the stock reiterating the analyst firm's position on the company In addition to maintaining the rating, Barclays has adjusted the price target for Hershey (HSY, Financial) The new price target has been raised to USD 165.00 This adjustment marks a price target percentage change of 3.12% Investors often watch price target adjustments closely as they can reflect an analyst's updated expectations for a company's future performance. With the raised price target, stakeholders might keep a watchful eye on Hershey (HSY, Financial) to see how it performs against this newly set benchmark Based on the consensus recommendation from 26 brokerage firms, The Hershey Co's (HSY, Financial) average brokerage recommendation is currently 3.0 Company insiders own 0.34% of the company's stock Analyst Upgrades and DowngradesHSY has been the topic of a number of recent analyst reports Wells Fargo & Company boosted their target price on Hershey from $125.00 to $132.00 and gave the stock an "underweight" rating in a report on Friday Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Hershey from $184.00 to $148.00 and set a "hold" rating on the stock in a report on Thursday Morgan Stanley dropped their price objective on shares of Hershey from $183.00 to $177.00 and set an "equal weight" rating on the stock in a research report on Thursday Bernstein lifted their target price on shares of Hershey from $147.00 to $155.00 and gave the stock a "market perform" rating in a report on Friday UBS Group lowered their price target on shares of Hershey from $175.00 to $170.00 and set a "neutral" rating on the stock in a report on Friday Five research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company the stock presently has a consensus rating of "Hold" and a consensus target price of $160.45 This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting This story was reviewed by MarketBeat's editorial team prior to publication Please send any questions or comments about this story to contact@marketbeat.com MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on.. While Hershey currently has a Reduce rating among analysts top-rated analysts believe these five stocks are better buys View The Five Stocks Here Wondering where to start (or end) with AI stocks These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools Visiting Hershey for Mother's Day Weekend? Check out our Mother's Day Guide to see how you can celebrate in The Sweetest Place On Earth.  The Sweetest Place On Earth has a ton of exciting things to do this month Keep reading to see some of the highlights Hersheypark amusement park is open on Fridays, Saturdays and Sundays in May for Spring Weekends. Daily operations kick off on May 22, 2025. Hours vary by day Spring Weekends feature more than 50 rides, including the most coasters in the Northeast, weather and maintenance permitting. Guests can also attend meet and greets with Hershey Characters at the Chevrolet Music Box Theatre and Our Friends From The Sea shows inside the Aquatheatre.  Looking ahead to summer, Hersheypark Summer Fun Card is back Enjoy unlimited visits all summer long with flexibility for the thrills you crave for just $99 per person.  Food Truck Fridays are returning to Hersheypark Indulge in a variety of delicious meals on wheels on three flavorful Fridays this month Food trucks will be set up in The Boardwalk At Hersheypark region across from Sandcastle Cove Guests can enter the food truck area by 8 Cut Crust and East Coast Burger Works.  Access to the food truck area inside the Park is included with a Season Pass or Hersheypark admission ticket Food truck items are available for purchase No additional discounts or dining plans are accepted The Boardwalk At Hersheypark water park opens daily for the summer on Saturday The 11-acre water park with 16 unique attractions is included in the one-price admission to Hersheypark through Sept The chase for Calder Cup Banner No. 14 is on! The Hershey Bears have qualified for the 2025 Calder Cup Playoffs and will look to become only the second team in the history of the American Hockey League to go back-to-back-to-back The Bears take on the Lehigh Valley Phantoms for Game 2 of the Atlantic Division Semifinals on Friday May 2 at GIANT Center before the series shifts to Allentown for Game 3.Don't miss any of the exciting playoff action - get your Game 2 tickets now Brit Floyd returns to the stage in 2025 with their biggest and most spectacular production to date celebrating the 50th anniversary of Pink Floyd’s classic album ‘Wish You Were Here’ complete with a stunning laser and light show Get ready to feel the beat as Stars on Ice brings a high-octane, rock-inspired thrill ride to GIANT Center The electrifying "Rock Stars on Ice" tour fuses timeless rock classics with the athleticism and artistry of world-class figure skating Post Malone's “The BIG ASS Stadium Tour” promises fans a concert experience filled with a mix of his biggest hits and brand new songs from his sixth studio album, F-1 Trillion Post Malone will be joined by the breakout sensation Jelly Roll and special guest Sierra Ferrell whose genre-defying style and soul-stirring vocals make her an exceptional addition to this star-studded lineup ZooAmerica North American Wildlife Park is open daily in May for guests to enjoy the sun and fresh air while seeing North American animals Reminder: Hersheypark tickets include entry to ZooAmerica only by accessing the Zoo through the bridge inside Hersheypark during posted Park hours. Those interested in visiting ZooAmerica in the morning before Hersheypark opens will have to purchase separate Zoo admission tickets online or at the Zoo Admissions Building Get your skin ready for summer with a relaxing spa treatment! Indulge in a full spa day experience with a treatment at The Spa At The Hotel Hershey resort spa. Nourish your skin with spring treatments like the Milk & Honey Wrap Herbal Meadow Sea Salt Scrub and Mojito Massage If you're looking for a quick pick-me-up in your week, head to MeltSpa by Hershey day spa for a treatment from the Spring Rejuvenation Collection To make an appointment at The Spa At The Hotel Hershey, please call 844-330-1797. For appointments at MeltSpa by Hershey, call 855-500-2366 or visit their website.  Enjoy brilliantly colored irises and arrangements from members of the Susquehanna Iris Society at Hershey Gardens Knowledgeable members will be available to answer questions in the Garden Cottage The Iris Society Show is included in Hershey Gardens admission and is free for members Visit Hershey's Chocolate World on weekends to meet sweet Hershey's characters Head to the Meet & Greet area in the Food Hall for the schedule of appearances.  Looking for a new place to dine? Get ready to experience the all-new 1933 Restaurant & Tavern at The Hotel Hershey This newly reimagined dining experience brings together culinary classics with modern comfort With an approachable steakhouse menu and elevated pub fare unique signature cocktails and curated draught beer selections 1933 Restaurant & Tavern is open daily for lunch and dinner Throughout the Hershey Bears playoff run at The Chocolatier on Thursdays from 5-7 p.m Diners will also enjoy a free kids dessert with the purchase of a kids entree including the best price on Hersheypark tickets free front gate shuttle service to and from the Park get ready to make a splash when the resorts’ outdoor pools reopen for the season Memorial Day weekend © 2025 Hershey Entertainment & Resorts Company or ™ are trademarks owned by Hershey Entertainment & Resorts Company On May 5, 2025, DA Davidson analyst Brian Holland reaffirmed a neutral stance on Hershey (HSY, Financial) while marginally increasing the stock's price target The price target has been adjusted from a previous estimate of $162.00 to $163.00 USD This update from the analyst maintains the prior neutral rating for Hershey (HSY, Financial) and offers a modest upward revision in valuation expectations The adjustment in the price target reflects a continued cautious outlook for Hershey (HSY, Financial) keeping it in line with broader market analysis without a shift in the overall recommendation Hershey Theatre today announced its next lineup of Broadway touring productions for 2026 including three all-new engagements to usher in a new era following the ongoing renovation project at the historic venue The 2026 Broadway Series programming features:  Subscriptions for the 2026 season, starting at just $129, are available now at www.HersheyTheatre.com for both new and renewing subscribers to receive one ticket to Hersheypark amusement park (valid through Jan TINA – The Tina Turner Musical is the inspiring journey of a woman who broke barriers and became the Queen of Rock n’ Roll Set to the pulse-pounding soundtrack of her most beloved hits this electrifying sensation will send you soaring to the rafters One of the world’s best-selling artists of all time and more concert tickets were sold than for any other solo performer in music history TINA – The Tina Turner Musical is written by Pulitzer Prize-winning playwright Katori Hall the Emmy-winning writer from “Schitt’s Creek,” this hilarious new musical flips the script on the greatest love story ever told & JULIET asks: what would happen next if Juliet didn’t end it all over Romeo Get whisked away on a fabulous journey as she ditches her famous ending for a fresh beginning and a second chance at life and love—her way Juliet’s new story bursts to life through a playlist of pop anthems as iconic as her name including "Since U Been Gone‚" "Roar," "Baby One More Time," "Larger Than Life‚" "That’s The Way It Is“ and "Can't Stop the Feeling!"—all from the genius songwriter/producer behind more No Break free of the balcony scene and get into this romantic comedy that proves there’s life after Romeo Created in collaboration with Neil Diamond himself A BEAUTIFUL NOISE is the uplifting true story of how a kid from Brooklyn became a chart-busting a catalog of classics like "America," "Forever in Blue Jeans," and "Sweet Caroline," an induction into the Songwriters and Rock and Roll Halls of Fame a Grammy Lifetime Achievement Award and sold-out concerts around the world that made him bigger than Elvis Neil Diamond's story was made to shine on Broadway-and head out on the road across America Like “Jersey Boys” and “Beautiful: The Carole King Musical” before it A BEAUTIFUL NOISE: THE NEIL DIAMOND MUSICAL is an inspiring that tells the untold true story of how America's greatest hitmaker became a star Hershey's "Great Building Campaign" of the Great Depression has become the area’s premier performing arts center Hershey Theatre presents the finest in touring Broadway shows comedy shows and world-renowned entertainers.  The venue is temporarily closed for an important one-year renovation project Significant infrastructure improvements include new air conditioning enhanced Wi-Fi and the replacement of all 1,904 theatre seats—all while preserving the history of the world-class venue For more information on the upcoming Broadway series and subscriptions, please visit www.HersheyEntertainment.com/hershey-theatre Hershey Theatre opened in September 1933 It has established itself as the area’s premier performing arts center presenting the finest in touring Broadway shows classical music and world-renowned entertainers DA Davidson has increased its price target for Hershey (HSY, Financial) from $162 to $163 following the company's favorable first-quarter results Despite maintaining a Neutral rating on the stock the firm notes that Hershey has exceeded expectations in volume with stable margins indicating effective management strategies there are concerns about the potential impact of cocoa prices and new tariffs which could significantly affect the stock's trajectory in the short term For the complete transcript of the earnings call, please refer to the full earnings call transcript 2025 3:02 PM EDTBeloved candy maker Hershey's is set to take a hit as a result of anticipated tariffs According to a report from the Wall Street Journal Hershey's posted falling earnings in the first quarter of 2025 The company logged a profit of $224.2 million The confectionary giant reportedly anticipates tariff costs between $15-20 million in the second quarter said in a conference call with Wall Street analysts that it is doing everything it can to work with the Trump administration to get cocoa exempted from the tariffs since it can not be grown domestically.  The company is estimating a potential $100 million in costs in the third and fourth quarters if they can't work things out “We’re going to use, aside from the lobbying and the influencing and so forth, really, every lever in the toolbox for whatever amount of tariffs remain as we go forward in the back half of the year,” Chief Executive Michele Buck said, via Market Watch is still expecting sales to increase at least 2% and adjusted earnings to drop about 35% "The impact of US levies was only taken into account for the second quarter, which runs through June," Yahoo Finance wrote President Donald Trump's 90-day pause on tariffs is set to expire in July You can find Hershey's entire Q1 2025 report right here. By Andrew Holleran is a trending news writer on Men's Journal He's covered sports and pop culture for more than a decade and chocolate chips — is bringing extra-sweet vibes to the menu Stacey Leasca is an award-winning journalist with nearly two decades of newsroom experience She is also the co-founder of Be a Travel Writer an online course for the next generation of travel journalists 4WEALTH Advisors Inc. acquired a new position in The Hershey Company (NYSE:HSY - Free Report) in the fourth quarter according to the company in its most recent filing with the SEC The firm acquired 1,580 shares of the company's stock Several other hedge funds and other institutional investors have also recently bought and sold shares of the company Montag & Caldwell LLC acquired a new position in shares of Hershey in the 4th quarter worth approximately $25,000 bought a new stake in shares of Hershey in the 4th quarter valued at $28,000 Grove Bank & Trust raised its position in shares of Hershey by 248.0% during the fourth quarter Grove Bank & Trust now owns 174 shares of the company's stock worth $29,000 after purchasing an additional 124 shares during the period Vision Financial Markets LLC bought a new stake in Hershey in the 4th quarter valued at $29,000 acquired a new position in Hershey during the 4th quarter worth approximately $34,000 57.96% of the stock is owned by institutional investors HSY has been the topic of a number of recent analyst reports Bernstein boosted their target price on shares of Hershey from $147.00 to $155.00 and gave the stock a "market perform" rating in a report on Friday Jefferies Financial Group reduced their price target on Hershey from $150.00 to $134.00 and set an "underperform" rating for the company in a research note on Tuesday Mizuho lowered their price objective on Hershey from $170.00 to $140.00 in a research note on Wednesday UBS Group lowered their price target on Hershey from $175.00 to $170.00 and set a "neutral" rating for the company in a report on Friday Stifel Nicolaus cut their price objective on Hershey from $170.00 to $160.00 and set a "hold" rating on the stock in a report on Friday Five investment analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company's stock the company presently has an average rating of "Hold" and an average price target of $161.40 View Our Latest Research Report on HSY Shares of NYSE:HSY traded up $3.05 during midday trading on Monday 1,820,378 shares of the company's stock were exchanged compared to its average volume of 1,772,097 The company has a market cap of $33.68 billion a price-to-earnings-growth ratio of 5.90 and a beta of 0.28 The Hershey Company has a 12 month low of $140.13 and a 12 month high of $211.92 The stock has a 50 day moving average price of $168.60 and a 200-day moving average price of $168.65 The company has a debt-to-equity ratio of 0.68 a current ratio of 0.96 and a quick ratio of 0.64 Hershey (NYSE:HSY - Get Free Report) last issued its quarterly earnings results on Thursday The company reported $2.09 EPS for the quarter beating analysts' consensus estimates of $1.94 by $0.15 The company had revenue of $2.81 billion during the quarter compared to the consensus estimate of $2.81 billion Hershey had a return on equity of 44.77% and a net margin of 19.83% Hershey's revenue was down 13.8% on a year-over-year basis the business posted $3.07 earnings per share sell-side analysts anticipate that The Hershey Company will post 6.12 EPS for the current fiscal year The firm also recently disclosed a quarterly dividend May 16th will be issued a dividend of $1.37 per share This represents a $5.48 annualized dividend and a yield of 3.29% Hershey's dividend payout ratio (DPR) is presently 50.28% Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report Explore why gold remains the ultimate investment for safeguarding wealth against inflation Whether you're planning for future generations or seeking a reliable asset in turbulent times this report is your essential guide to making informed decisions The Lehigh Valley Phantoms won 3-1 against the Hershey Bears on Friday Lido Advisors LLC raised its stake in The Hershey Company (NYSE:HSY - Free Report) by 232.6% during the fourth quarter according to the company in its most recent Form 13F filing with the Securities and Exchange Commission The fund owned 6,665 shares of the company's stock after acquiring an additional 4,661 shares during the period Lido Advisors LLC's holdings in Hershey were worth $1,129,000 as of its most recent SEC filing Several other institutional investors and hedge funds have also recently modified their holdings of HSY Capital International Investors increased its stake in Hershey by 31.4% during the 4th quarter Capital International Investors now owns 12,460,147 shares of the company's stock valued at $2,110,126,000 after purchasing an additional 2,980,997 shares in the last quarter bought a new stake in shares of Hershey during the fourth quarter valued at approximately $80,978,000 raised its holdings in Hershey by 66.7% in the 3rd quarter now owns 972,836 shares of the company's stock worth $186,571,000 after acquiring an additional 389,404 shares during the last quarter lifted its position in Hershey by 5.6% in the 4th quarter now owns 4,635,390 shares of the company's stock valued at $785,003,000 after acquiring an additional 247,675 shares in the last quarter Northern Trust Corp boosted its stake in Hershey by 10.8% during the 4th quarter Northern Trust Corp now owns 1,578,957 shares of the company's stock valued at $267,396,000 after purchasing an additional 154,238 shares during the last quarter 57.96% of the stock is currently owned by institutional investors HSY has been the topic of a number of research analyst reports Morgan Stanley lowered their price target on Hershey from $183.00 to $177.00 and set an "equal weight" rating on the stock in a report on Thursday Barclays upped their target price on shares of Hershey from $160.00 to $165.00 and gave the company an "equal weight" rating in a research note on Monday Stifel Nicolaus decreased their price objective on shares of Hershey from $170.00 to $160.00 and set a "hold" rating for the company in a report on Friday Mizuho lowered their price objective on shares of Hershey from $170.00 to $140.00 in a research report on Wednesday Citigroup cut their target price on shares of Hershey from $173.00 to $165.00 and set a "neutral" rating for the company in a research report on Tuesday Five equities research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company's stock the company currently has a consensus rating of "Hold" and a consensus price target of $161.40 Read Our Latest Research Report on HSY Shares of NYSE HSY traded up $3.05 during midday trading on Monday The stock had a trading volume of 1,820,378 shares a quick ratio of 0.64 and a current ratio of 0.96 The Hershey Company has a 12-month low of $140.13 and a 12-month high of $211.92 The stock has a 50-day moving average of $168.60 and a 200-day moving average of $168.65 The company has a market capitalization of $33.68 billion Hershey (NYSE:HSY - Get Free Report) last posted its quarterly earnings results on Thursday The business had revenue of $2.81 billion for the quarter compared to analysts' expectations of $2.81 billion The business's quarterly revenue was down 13.8% on a year-over-year basis research analysts anticipate that The Hershey Company will post 6.12 EPS for the current fiscal year The firm also recently declared a quarterly dividend The ex-dividend date of this dividend is Friday Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025 despite the threat of tariffs and other economic uncertainty These ten stocks are incredibly resilient and are likely to thrive in any economic environment Barclays has adjusted its price target for Hershey (HSY, Financial) while maintaining an Equal Weight rating on the stock The investment firm highlights Hershey's strategic balance between raising prices and enhancing productivity These measures are in place to mitigate the effects of cocoa price inflation and tariffs with a goal of supporting earnings growth by 2026 This approach also aims to preserve Hershey's market share and ensure the ongoing vitality of its product categories Schonfeld Strategic Advisors LLC decreased its stake in The Hershey Company (NYSE:HSY - Free Report) by 12.2% during the 4th quarter according to the company in its most recent disclosure with the Securities & Exchange Commission The firm owned 29,870 shares of the company's stock after selling 4,155 shares during the quarter Schonfeld Strategic Advisors LLC's holdings in Hershey were worth $5,058,000 as of its most recent SEC filing A number of other institutional investors and hedge funds have also modified their holdings of HSY UNIVEST FINANCIAL Corp grew its stake in Hershey by 1.5% during the 4th quarter UNIVEST FINANCIAL Corp now owns 4,500 shares of the company's stock valued at $762,000 after acquiring an additional 68 shares in the last quarter OLD Point Trust & Financial Services N A grew its position in shares of Hershey by 2.2% in the fourth quarter OLD Point Trust & Financial Services N A now owns 3,240 shares of the company's stock valued at $549,000 after purchasing an additional 70 shares in the last quarter increased its holdings in shares of Hershey by 1.3% in the fourth quarter now owns 5,546 shares of the company's stock valued at $939,000 after purchasing an additional 70 shares during the last quarter Covestor Ltd lifted its position in Hershey by 42.5% during the fourth quarter Covestor Ltd now owns 238 shares of the company's stock worth $40,000 after buying an additional 71 shares in the last quarter NA boosted its stake in Hershey by 1.5% during the fourth quarter NA now owns 5,438 shares of the company's stock worth $921,000 after buying an additional 81 shares during the last quarter Hedge funds and other institutional investors own 57.96% of the company's stock NYSE:HSY traded up $3.05 during midday trading on Monday The company had a trading volume of 1,820,378 shares The firm has a market capitalization of $33.68 billion a quick ratio of 0.64 and a debt-to-equity ratio of 0.68 The stock's fifty day simple moving average is $168.60 and its 200-day simple moving average is $168.65 Hershey (NYSE:HSY - Get Free Report) last announced its quarterly earnings data on Thursday topping analysts' consensus estimates of $1.94 by $0.15 The business had revenue of $2.81 billion during the quarter During the same period in the previous year the company posted $3.07 earnings per share The business's revenue for the quarter was down 13.8% on a year-over-year basis sell-side analysts anticipate that The Hershey Company will post 6.12 earnings per share for the current fiscal year The company also recently disclosed a quarterly dividend This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.29% Hershey's dividend payout ratio is presently 50.28% Several research analysts have recently commented on HSY shares Stifel Nicolaus reduced their price target on Hershey from $170.00 to $160.00 and set a "hold" rating on the stock in a report on Friday TD Cowen reduced their target price on shares of Hershey from $190.00 to $172.00 and set a "hold" rating on the stock in a research note on Wednesday Mizuho decreased their target price on shares of Hershey from $170.00 to $140.00 in a report on Wednesday Wells Fargo & Company lifted their price target on shares of Hershey from $125.00 to $132.00 and gave the company an "underweight" rating in a research report on Friday Morgan Stanley lowered their price objective on Hershey from $183.00 to $177.00 and set an "equal weight" rating for the company in a research report on Thursday Five equities research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the stock the stock currently has a consensus rating of "Hold" and an average target price of $161.40 Get Our Latest Research Report on Hershey Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation This spring, the Hershey Bears are #R3lentless for a third consecutive Calder Cup as Hershey makes its 72nd appearance in the Calder Cup Playoffs After securing a first-round bye thanks to finishing atop the Atlantic Division during the 2024-25 regular season the Bears will play their first games of the 2025 postseason this week Hershey gets set to take on the Lehigh Valley Phantoms in the best-of-five Atlantic Division Semifinals, with at least two games guaranteed to open the series at GIANT Center where Bear Nation’s full support will hopefully push the Chocolate and White to another Calder Cup title The complete schedule for the Atlantic Division Semifinals is as follows: This marks the second consecutive year that the Bears and Phantoms will have faced each other in the Atlantic Division Semifinals with Hershey claiming the series in Game 4 in Allentown en route to winning its 13th Calder Cup The Bears and Phantoms have met in six previous postseason series with the Chocolate and White owning a 5-1 series record Hershey went 5-4-1-0 versus Lehigh Valley in the 2024-25 regular season and the Bears are looking to become just the second team in the American Hockey League to win three consecutive Calder Cups joining the 1960-62 Springfield Indians.  Single-game tickets for the Atlantic Division Semifinals are on sale now for the 2025 Calder Cup Playoffs at GIANT Center! Save on tickets and score your seats by purchasing online via Ticketmaster Hershey is in the playoffs for a league-record 72nd time and no team in the league has more than Hershey’s 13 Calder Cup titles There’s no sweeter place to celebrate Easter weekend than Hershey, Pa.! From spring coaster riding at Hersheypark to a spring break getaway at our Hershey Resorts guests always enjoy sweet-themed experiences offered during the holiday weekend.  Take a look at our top picks for Easter weekend fun from April 18-20 With all that Hershey has to offer, Easter weekend is the perfect opportunity to stay at one of our Resort properties! The Hotel Hershey, Hershey Lodge and Hersheypark Camping Resort have jam-packed schedules of Easter-themed activities for the whole family Guests of The Official Resorts of Hersheypark also receive FREE Resort Benefits such as a free shuttle to Hersheypark and extra preview hours A visit to the zoo is the perfect family activity for a beautiful spring weekend throughout Easter weekend for guests to explore the wild of North America.  Entrance to ZooAmerica is included in the one-price admission to Hersheypark when entered through the Hersheypark bridge during posted Park hours ZooAmerica Pass Holders can enjoy unlimited year-round visits to the zoo and 2025 Hersheypark Season Pass Holders can get into the zoo for free Choose between two delicious Resort dining options on Easter Sunday, April 20 while reservations remain! Visit TheHotelHershey.com/Dining and HersheyLodge.com/Dining for restaurant hours and reservations Start Easter Sunday with the annual Sunrise Service at the Hershey Gardens and no admission ticket is required.  Other events are available throughout the entire weekend Guided Walks and Earth Day Celebrations!  Guests can also enjoy early spring blooms on display throughout the 23-acre walk-through botanical display garden. And don't forget about the indoor, tropical Butterfly Atrium featuring hundreds of butterflies from around the world The Reester Bunny inspired by the beloved Reese's Peanut Butter Cup Join us during select dates and times throughout the month of April and during Easter weekend during the following times:  Guests can also enjoy a free chocolate tour ride to see how cocoa beans became world-famous Hershey's Chocolate or take home a sweet souvenir by shopping the endless amounts of chocolate and limited-edition treats. Additional paid attraction experiences including a chocolate bar-making factory and chocolate tasting theatrical experience Share your sweet moments with us over the long weekend! Follow @HersheyPA on Twitter and @TheSweetestPlaceOnEarth on Instagram The Lehigh Valley Phantoms have the upper hand in the series against the Hershey Bears Lehigh Valley leads the series 2-1 and only needs one more win to clinch The teams play each other again for Game 4 on Friday Actors in Pennsylvania who favor historical and period roles should answer the casting call for "Hershey," a film on the life of entrepreneur and chocolate mogul Milton Hershey and his wife, Catherine Here's how you can be cast in the upcoming Hershey flick The Pittsburgh Film Office recently issued a casting call on its social media channels for various roles on the upcoming biopic on Milton Hershey Nancy Mosser Casting is responsible for selecting the cast for H’ershey.“ "Time to journey back to the late 1800s/early 1900s and bring a famous story to life," read the Pittsburgh Film Office's Facebook post. "Hershey, a major motion picture of chocolate pioneer Milton Hershey and his beloved wife Catherine is officially set for production beginning in May 2025 in Pittsburgh and the surrounding areas." According to IMDB “Hershey” is an origin story of the Hersheys ultimately decided to leave their chocolate fortune to their children Alexandra Daddario is cast as Kitty Hershey, while Finn Wittrock portrays Milton Hershey Interested actors in the Pennsylvania region can scan the QR code in the social media link or send an e-mail to MosserExtras@gmail.com Milton Hershey built his chocolate factory in 1903 in what was then Derry Township and transformed the township by developing a planned community around his factory for his workers and their families the area became known as Hershey due to Milton Hershey expanding his land along with the area's emerging civic vitality Milton Hershey's vision helped spawn the Hershey’s Chocolate empire and Hersheypark, one of the top amusement parks in the country Williams is a Philadelphia-based journalist reporting on trending topics across the Mid-Atlantic Region The Hershey Bears lead the series against the Lehigh Valley Phantoms The teams play each other three more times with the next two matchups on May 6th and May 4th 1/10Reese Chocolate Processing facility .st1{fill-rule:evenodd;clip-rule:evenodd;fill:#2a2a2a}By Sue Gleiter | sgleiter@pennlive.comA few days before one of the biggest candy-related holidays of the year The Hershey Company on Wednesday unveiled a new state-of-the-art processing facility Hershey CEO Michele Buck was joined by several officials Scott Perry at a ribbon-cutting ceremony at the Reese Chocolate Processing plant Built on 55 acres at a former Friendly’s restaurant at 1000 Reese Ave the facility supports the production of Reese’s Buck noted it’s the company’s first new manufacturing facility constructed in Derry Township in more than 30 years The 250,000-square-foot plant is also the company’s most automated to date “It’s Hershey’s first fully digitally integrated manufacturing facility with high levels of automation exemplifying the next step in our digital manufacturing road map,” Buck said Josh Shapiro speaks April 16 at The Hershey Company's new Reese Chocolate Processing facility in Derry Township.Sue Gleiter Shapiro praised Hershey for selecting Derry Township as the location for the plant “It’s a point of pride for us and we’re grateful you have doubled downed on your commitment to Pennsylvania,” he said Shapiro highlighted the efficiency of the state’s permitting process noting his administration worked with Hershey on permits for the project “We were able to approve these permits in record time,” he said “They got these permits faster than ever and it’s an example of how we’ve trimmed all the wait times for all our permits across Pennsylvania.” Shapiro said his administration has reduced the Department of Environmental Protection permit backlog by 88% and cut business license wait times from eight weeks to two days The plant is part of Hershey’s $1 billion initiative to strengthen its supply chain The multi-year investment includes the new plant 13 new production lines and upgrades to 11 existing lines Buck said about 100 people are employed at the plant with plans for additional workforce growth as operations expand Hershey’s Senior Vice President and Chief Supply Chain Officer said the company’s investment in automation will provide people with skills that will be needed in the future of manufacturing The facility also supports Hershey’s growth by expanding its production capacity and allowing for the introduction of new products Reese’s Peanut Butter Cups will continue to be made at the nearby H.B. Reese Candy Co. Reese’s is an economic engine for Hershey’s “Reese’s is one of the largest snacking brands and our goal is to continue growing that in a lot of different forms,” Reiman added The plant expands Hershey’s campus and is adjacent to its Hershey West plant and near the company’s technical center Dauphin County Commissioner Mike Pries and Derry Township Supervisor Natalie Nutt The ribbon cutting comes just one week after filming was announced to begin next month for “Hershey,” a story about Milton S. and Catherine Hershey. The HERSHEY movie is set to release in 2026 aligning with America's 250th anniversary.  Directed by Mark Waters (Mean Girls, Spiderwick Chronicles, Mr. Popper's Penguins), Finn Wittrock (The Big Short, Don’t Move, American Horror Story) and Alexandra Daddario (The White Lotus San Andreas) will star as Milton and Catherine Hershey; a duo that was chosen for their cross-generational appeal HERSHEY explores the origins of the iconic chocolate empire and the ingredients that have achieved lasting cultural significance With Waters' signature storytelling mastery Wittrock's commanding yet heartfelt performance and Daddario's emotional depth and captivating screen presence but unlike a lot of other wealthy men of his time he shared his success with the working people and community around him,” said Mark Waters will be the special love story between Milton and Catherine Hershey who inspired his greatest legacy - the creation of Milton Hershey School I’m excited to have Finn Wittrock and Alexandra Daddario to portray these two visionaries who believed in leaving the world a better place than they found it - the kind of wonderful true story that audiences are hungry for right now." The film is being produced by: Sharon Paul (Marlowe Flip & Susan Flippen and Joanne Marlowe (RCM3) More Than a Chocolate Bar: The Man Behind the Icon the Hershey's chocolate bar has been woven into the fabric of American culture—appearing in lunchboxes and profound humanity of its creator remain largely unknown to the public revealing how Milton's greatest innovation wasn't just creating chocolate for the masses but rather his revolutionary business model as a force for social good—a concept decades ahead of its time— including the establishment of the Milton Hershey School Hershey Entities: A Legacy of Love and Lasting Impact Milton's legacy extends far beyond the beloved chocolate products known worldwide Hershey Foundation and Hershey Trust Company—continue to honor his vision these five entities collaborated with Dandelion Media to ensure an authentic portrayal of Milton’s life the filmmakers were granted unprecedented access to the company's archives and the expertise of Hershey historians.  “Milton Hershey's story exemplifies the American Dream," said Michele Buck "This movie will reveal how Milton and Kitty built something far greater than a chocolate company Their legacy extends beyond sweet treats to education We're proud to support a film that shares the full Hershey story—one of resilience vision and impact that continues to inspire today." "Milton and Catherine Hershey's greatest achievement wasn't chocolate—it was creating a home and school for generations of children in need," said Pete Gurt I've seen firsthand how their vision transforms lives This movie captures the story that inspired extraordinary generosity and a legacy that endures today through every student and graduate of our school It’s a reminder that true success is measured not by what you gain Waters is represented by UTA; Wittrock is represented by CAA and Schreck Rose Dapello; Daddario is represented by CAA and Untitled Entertainment “Hope Through Story” is the mission of Dandelion Media Founded by Sharon Paul and Mark Tilghman the company produces impactful movies and television series Dandelion Media is committed to risk-mitigated independent film financing proprietary audience research and impeccable storytelling Dandelion Media champions stories that entertain they all embody Milton Hershey's profound philosophy: "One is only happy in proportion as he makes others feel happy and only useful as he contributes his influences for the finer callings in life." This guiding principle continues to inspire Hershey’s ongoing legacy The company represents some of the world’s most iconic One of the most influential companies in global entertainment UTA’s business spans talent representation as well as strategic advisory and marketing work with some of the world’s biggest brands Affiliated companies include Digital Brand Architects UTA is headquartered in Los Angeles with offices in Atlanta – The Washington Capitals have re-assigned forward Ilya Protas from the Windsor Spitfires of the Ontario Hockey League (OHL) to the Hershey Bears of the American Hockey League (AHL) senior vice president and general manager Chris Patrick announced today ranked second in the OHL in scoring with 124 points (50g 200-pound forward also ranked second in the OHL in plus-minus (+58) tied for second in assists and third in goals and game-winning goals (8) Protas became the first player since Alex DeBrincat in 2014-15 to score 50 goals in his first OHL season while his 2.03 points-per-game rate was the highest by a Windsor player over a full season since Jason Spezza (2.09) in 2000-01 which leads all skaters through the first two rounds of the OHL Playoffs Protas was named the recipient of the William Hanley Trophy presented annually to the League’s Most Sportsmanlike Player as voted by OHL General Managers 37a) in 37 games with the Des Moines Buccaneers of the United States Hockey League (USHL) Protas led USHL rookies in assists and ranked tied for second among first-year players in power-play goals (6) and third in points Protas led Des Moines in assists and power-play goals while his 51 points ranked second on the team Protas split the 2022-23 season with the Under-17 and Under-18 Belarus national team 15a) in 29 games with the Under-17s and nine points (5g The Capitals selected Protas in the third round (75th overall) of the 2024 NHL Draft was drafted by the Capitals in the third round (91st overall) of the 2019 NHL Draft and has recorded 119 points (43g 76a) in 245 career NHL games with Washington Aliaksei and Ilya Protas are the second set of brothers in franchise history to be selected by Washington Saquon Barkley continued his post-Super Bowl tour not far from where he grew up on Tuesday afternoon at Milton Hershey School who attended high school at Whitehall Township just about an hour away from Hershey surprised students at the private boarding school during its kickoff assembly ahead of Pennsylvania System of School Assessment testing week "It's really a way just to kind of get them locked in celebrate their success from the 'raise the bar' year that they've had and really just get excited for the testing," Elementary School Principal Amanda Smith said "Our third-grade class wrote letters to Saquon a few months ago when they won the Super Bowl and they did a lot of research 'Do you think he would come?' And we thought probably not because he's so busy and has so many things going on But I think really just building the kids up and getting them excited about seeing a role model while getting them ready for the testing – it's a whole community event." The school consisting of more than 2,000 students filled the auditorium to the brim as the star running back came out from backstage to an ecstatic roar from the crowd "That was the best welcome I ever got in my life," Barkley told them The former Penn State Nittany Lion did a Q&A with the students at Milton Hershey School and gave them advice on working hard to reach their dreams along with sharing some of his favorite moments from the 2024 season "Don't ever allow anyone to tell you can't accomplish anything whatever you want to do – don't let anyone ever tell you that you can't," Barkley said land on the moon and anything you put your mind to you can accomplish it." In addition to Barkley's special guest appearance Eagles Cheerleaders and Drumline came out on stage with SWOOP to perform for the school the Drumline looked a little different than it normally does Milton Hershey School community member Ben Esquibel who is part of the Eagles Autism Community was an honorary performer with the Drumline joining the group on stage at the assembly because I look up to the Drumline and look up to everything they've helped me to accomplish It's amazing to be able to have an opportunity like this I don't know who I would be or where I would be with the opportunities that lie – it's just amazing," Ben said prior to heading out on stage Ben and his parents Dustin and Onnie travel to Eagles Autism Foundation All Abilities clinics every time one comes up and have raised thousands of dollars for the Eagles Autism Challenge they gave Ben his own jersey with "Drumline" written across the back 'Let's try it.' And the first day we walked in it just unlocked something inside of him that for the first time "They've helped him grow so much with just anything from the sensory rooms to social emotional skills The message Barkley gave to all of the students about not letting people put you down is something Ben has been a prime example of is that it's 'All Abilities' and literally means all abilities and that to me is the best ever," Onnie said So much comes through and in and out of this organization It's just an amazing organization and being able to talk to them – they are there to help you if you need," Ben said the students at Milton Hershey School had a day that they will remember forever thanks to Barkley's appearance and words of wisdom the message that they had about raising the bar and how well they did in testing But to be here and the love that they had for me I love doing stuff like this and to be able to sit down and have conversations with the kids Hopefully my story and the stuff that I learned is able to help them out in the future," Barkley said Here are the jersey numbers for the new veterans Chris and Michelle Britton honor the memory of their youngest son by raising thousands of dollars each year for the Eagles Autism Foundation The Britton family was chosen to represent the Foundation at the 2025 NFL Draft in Green Bay Jackson took part in this weekend's Rookie Minicamp on a tryout basis The cornerback becomes the fifth draft pick to sign his rookie contract the first-year players got back to football at the NovaCare Complex The Eagles kick off Rookie Camp by getting Smael Mondon Jr. and Antwaun Powell-Ryland to ink their four-year rookie deals a travel football club for boys and girls from New Jersey After adding 10 draft picks to an already strong roster the Eagles will have ample ammunition to continue to bolster the team in the 2026 NFL Draft The 6-foot-6 defensive tackle has started every game over the last two seasons for the Eagles Robinson was the last first-round linebacker picked by the team back in 1979 The organization honored the men and women who have served the country during the time in Washington with a trip to Arlington National Cemetery How did Howie Roseman execute the trade to get linebacker Jihaad Campbell Why was Andrew Mukuba such a highly sought-after target in the second round What did the Eagles want to accomplish on the final day of the 2025 NFL Draft It's all here in the post-draft episode of Unscripted Ahead of their first official practice as Philadelphia Eagles and outside linebacker Antwaun Powell-Ryland Join first-round pick Jihaad Campbell in his first 24 hours as an Eagle From the moment he gets selected to his tour of the facilities in Philadelphia every moment of Campbell's first day as an Eagle is right here for your viewing pleasure 2025 /PRNewswire/ -- The Hershey Company (NYSE: HSY) today announced net sales and earnings for the first quarter ended March 30 "I am pleased with the progress we are making on our key strategic initiatives for the year," said Michele Buck The Hershey Company President and Chief Executive Officer "Consumption in the quarter exceeded our expectations in both U.S our strong balance sheet gives us flexibility to invest in the business and participate in recent strategic acquisitions that further expand our better-for-you portfolio and drive long-term value creation." First-Quarter 2025 Financial Results Summary1 1 All comparisons for the first quarter of 2025 are with respect to the first quarter ended March 31 The Company is reiterating its net sales growth reported earnings per share and adjusted earnings per share outlook for the year Due to on-going negotiations and uncertainty regarding the duration import and retaliatory tariffs by other countries this guidance only includes tariff expense This guidance does not include assumptions about the ultimate impact of new tariff actions since the previous financial outlook for the full year or the effects of our proposed acquisition of LesserEvil * The impact of the Sour Strips acquisition is anticipated to be an approximate 30 basis point benefit to net sales growth for the full-year 2025 the impact of foreign currency exchange rates is anticipated to be an approximate 50 basis point headwind to net sales growth for the full-year 2025 expected for the second quarter but does not include assumptions about future tariffs Below is a reconciliation of current projected 2025 and full-year 2024 earnings per share-diluted calculated in accordance with U.S generally accepted accounting principles (GAAP) to non-GAAP adjusted earnings per share-diluted: Acquisition and Integration-Related Activities Tax Effect of All Adjustments Reflected Above does not include the impact of mark-to-market gains and losses on our commodity derivative contracts that are reflected within corporate unallocated expense in segment results until the related inventory is sold since we are not able to forecast the impact of the market changes First-Quarter 2025 Components of Net Sales Growth A reconciliation between reported net sales growth rates and organic along with the contribution from net price realization and volume Percentage Change on Constant Currency Basis Percentage Change on Organic Constant Currency Basis *Percentage changes may not compute directly as shown due to rounding of amounts presented above The Company presents certain percentage changes in net sales on a constant currency basis which excludes the impact of foreign currency exchange To present this information for historical periods current period net sales for entities reporting in currencies other than the U.S dollars at the average monthly exchange rates in effect during the corresponding period of the prior fiscal year rather than at the actual average monthly exchange rates in effect during the current period of the current fiscal year the foreign currency impact is equal to the current year results in local currencies multiplied by the change in the average foreign currency exchange rate between the current fiscal period and the corresponding period of the prior fiscal year Consolidated net sales decreased 13.8% to $2,805.4 million in the first quarter of 2025 constant currency net sales decreased 13.2% Volume declined approximately 15 points driven by the lap of planned inventory increases within the North America Confectionery and International segments ahead of the ERP system implementation in the second quarter of 2024 the timing of the Easter season in 2025 versus 2024 and two fewer shipping days versus the prior year period This volume impact was only partially offset by price realization of approximately 2 points The impact of the Sour Strips acquisition was a benefit of 0.3 points while foreign exchange was a 0.9 point headwind Reported gross margin was 33.7% in the first quarter of 2025 compared to 51.5% in the first quarter of 2024 a decrease of 1,780 basis points driven by derivative mark-to-market losses which more than offset net price realization supply chain productivity and transformation program net savings Adjusted gross margin was 41.2% in the first quarter of 2025 a decrease of 370 basis points compared to the first quarter of 2024 as higher commodity and manufacturing costs and lower volumes more than offset net price realization marketing and administrative expenses decreased 9.6% in the first quarter of 2025 versus the first quarter of 2024 driven by reduced advertising and related consumer marketing expenses fewer capability and technology investments versus the prior year and transformation program net savings Advertising and related consumer marketing expenses decreased 14.2% in the first quarter of 2025 versus the same period last year due to the timing of expenses in North America Confectionery and International segments in the prior year period partially offset by an increased investment in North America Salty Snacks excluding advertising and related consumer marketing decreased 7.0% versus the first quarter of 2024 driven by reduced compensation and benefit costs First quarter 2025 reported operating profit was $369.2 million a decrease of 65.1% versus the first quarter of 2024 resulting in a reported operating profit margin of 13.2% a decrease of 1,930 basis points versus the prior year period This decrease was driven by derivative mark-to-market losses higher commodity and manufacturing costs partially offset by net price realization Adjusted operating profit of $608.1 million decreased 29.4% versus the first quarter of 2024 This resulted in an adjusted operating profit margin of 21.7% a decline of 480 basis points versus the first quarter of 2024 which was driven by higher commodity and manufacturing costs partially offset by net price realization The reported effective tax rate in the first quarter of 2025 was 30.7% an increase of 1,160 basis points versus the first quarter of 2024 The reported effective tax rate increase was driven by a decrease in renewable energy tax credits versus the year-ago period and foreign rate differentials related to business strategies an increase of 400 basis points versus the first quarter of 2024 The adjusted effective tax rate increase was driven by a decrease in renewable energy tax credits versus the year-ago period included items positively impacting comparability of $238.9 million items negatively impacting comparability totaled $197.1 million The following table presents a summary of items impacting comparability in each period (see Appendix I for additional information): Acquisition and Integration-Related Activities The following are comments about segment performance for the first quarter of 2025 versus the prior year period See the schedule of supplementary information within this press release for additional information on segment net sales and profit Hershey's North America Confectionery segment net sales were $2,300.1 million in the first quarter of 2025 a decrease of 15.0% versus the same period last year constant currency net sales decreased 15.2% as volume headwinds of approximately 18 points were driven by the lap of planned inventory increases ahead of the ERP system implementation in the second quarter of 2024 This volume impact was only partially offset by price realization of approximately 3 points mint and gum (CMG) retail takeaway in the multi-outlet plus convenience store channels (MULO+ w/ Convenience2) decreased 4.2% for the 12-week period ended March 23 Hershey's CMG share declined 44 basis points compared to the prior year These results were slightly ahead of expectations driven by strong seasonal consumption 2 MULO+ w/Convenience expanded in the second quarter of 2024 to include club and e-commerce customers previously classified as unmeasured The North America Confectionery segment reported segment income of $696.4 million in the first quarter of 2025 a decrease of 26.6% versus the prior year period resulting in a segment margin of 30.3% in the quarter Segment income declines were driven by lower sales volume reduced advertising and related consumer marketing spend transformation program net savings and supply chain productivity Hershey's North America Salty Snacks segment net sales were $277.8 million in the first quarter of 2025 an increase of 1.0% versus the same period last year Volume increased by approximately 4 points partially offset by an approximate 3 point net price decline reflecting costs related to selling in new SkinnyPop packaging salty snack retail takeaway for the 12-week period ended March 30 2025 in MULO+ w/ Convenience3 increased 9.6% versus the prior year period SkinnyPop ready-to-eat popcorn takeaway increased 6.4% SkinnyPop ready-to-eat share increased 190 basis points during this period Dot's Homestyle Pretzels retail sales increased 20.7% for this period resulting in a 337-basis point pretzel category share gain 3 MULO+ w/Convenience expanded in the second quarter of 2024 to include club North America Salty Snacks segment income was $41.9 million in the first quarter of 2025 an increase of 8.1% versus the first quarter of 2024 an increase of 100 basis points versus the prior year period This increase in segment income and margin expansion was driven by supply chain productivity which more than offset reduced net price realization and higher brand investment First quarter 2025 net sales for Hershey's International segment decreased 15.9% versus the same period last year to $227.5 million constant currency net sales decreased 7.9% Volume declined approximately 8% driven by the lap of planned inventory increases ahead of the ERP system implementation in the second quarter of 2024 and two fewer shipping days versus the prior year period This volume impact was only partially offset by price realization of approximately 1 point The International segment reported a $28.7 million profit in the first quarter of 2025 reflecting a decrease of $14.1 million versus the prior year period driven by lower sales volume and commodity and manufacturing cost inflation partially offset by supply chain productivity reduced advertising and related consumer market expenses and transformation program net savings This resulted in a segment margin of 12.6% a decrease of 320 basis points versus the prior year period Hershey's unallocated corporate expense in the first quarter of 2025 was $158.8 million This decrease was driven by lower compensation and benefit costs and reduced technology investments related to the upgrade of the Company's ERP system At approximately 7 a.m. (Eastern time) today, Hershey will post a pre-recorded management discussion of its first-quarter 2025 results and business update to its website at www.thehersheycompany.com/investors the Company will host a live question and answer session with investors and financial analysts Details to access this call are available on the Company's website Hershey references income measures that are not in accordance with GAAP because they exclude certain items impacting comparability including gains and losses associated with mark-to-market commodity derivatives business realignment activities and acquisition and integration-related activities The Company refers to these income measures as "adjusted" or "non-GAAP" financial measures throughout this release These non-GAAP financial measures are used in evaluating results of operations for internal purposes and are not intended to replace the presentation of financial results in accordance with GAAP the Company believes exclusion of such items provides additional information to investors to facilitate the comparison of past and present operations A reconciliation of the non-GAAP financial measures referenced in this release to their nearest comparable GAAP financial measures as presented in the Consolidated Statements of Income is provided below Reconciliation of Certain Non-GAAP Financial Measures Acquisition and integration-related activities Acquisition and integration-related activities* Tax effect of all adjustments reflected above** * The tax effect for each adjustment is determined by calculating the tax impact of the adjustment on the Company's quarterly effective tax rate unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment ** Adjustments reported above are reported on a pre-tax basis before the tax effect described in the reconciliation above for non-GAAP provision for income taxes we review and discuss the following financial metrics that are derived from the reported and non-GAAP financial measures presented above: Calculated as non-GAAP gross profit as a percentage of net sales for each period presented Calculated as non-GAAP operating profit as a percentage of net sales for each period presented Calculated as non-GAAP provision for income taxes as a percentage of non-GAAP income before taxes (calculated as non-GAAP operating profit minus non-GAAP interest expense net plus or minus non-GAAP other (income) expense Details of the charges included in GAAP results as summarized in the press release (above) Derivative mark-to-market (gains) losses: The mark-to-market (gains) losses on commodity derivatives are recorded as unallocated and excluded from adjusted results until such time as the related inventory is sold at which time the corresponding (gains) losses are reclassified from unallocated to segment income Since we often purchase commodity contracts to price inventory requirements in future years we make this adjustment to facilitate the year-over-year comparison of cost of sales on a basis that matches the derivative gains and losses with the underlying economic exposure being hedged for the period Business realignment activities: We periodically undertake restructuring and cost reduction activities as part of ongoing efforts to enhance long-term profitability we commenced the Advancing Agility & Automation Initiative to improve supply chain and manufacturing-related spend leverage new technology and business models to further simplify and automate processes business realignment charges related primarily to severance and employee benefit costs business realignment charges related primarily to third-party costs supporting the design and implementation of the new organizational structure Acquisition and integration-related activities: During the first quarter of 2025 we incurred costs related to the acquisition of the Sour Strips brand from Actual Candy LLC into our North America Confectionery segment we incurred costs related to the 2023 acquisition of two manufacturing plants from Weaver Popcorn Manufacturing and the integration of the 2021 acquisitions of Dot's Pretzels into our North America Salty Snacks segment Tax effect of all adjustments: This line item reflects the aggregate tax effect of all pre-tax adjustments reflected in the preceding line items of the applicable table The tax effect for each adjustment is determined by calculating the tax impact of the adjustment on the Company's quarterly effective tax rate This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including but not limited to our 2025 Full-year Financial Outlook and other statements regarding our business outlook and financial performance Many of these forward-looking statements can be identified by the use of words such as "anticipate," "assume," "believe," "continue," "estimate," "expect," "forecast," "future," "intend," "plan," "potential," "predict," "project," "strategy," "target" and similar terms and future or conditional tense verbs like "could," "may," "might," "should," "will" and "would," among others These statements are made based upon current expectations that are subject to risk and uncertainty Because actual results may differ materially from those contained in the forward-looking statements you should not place undue reliance on the forward-looking statements when deciding whether to buy Factors that could cause results to differ materially include but are not limited to: disruptions or inefficiencies in our supply chain due to the loss or disruption of essential manufacturing or supply elements or other factors; issues concerns or regulatory changes related to the quality and safety of our products social or governance matters; changes in raw material and other costs along with the availability of adequate supplies of raw materials and the Company's ability to successfully hedge against volatility in raw material pricing; the Company's ability to successfully execute business continuity plans to address changes in consumer preferences and the broader economic and operating environment; selling price increases including volume declines associated with pricing elasticity; market demand for our new and existing products; increased marketplace competition; failure to successfully execute and integrate acquisitions divestitures and joint ventures; changes in governmental laws and other events beyond our control such as the impacts on the business arising from the conflict between Russia and Ukraine; risks and uncertainties related to our international operations; disruptions failures or security breaches of our information technology infrastructure and that of our customers and partners (including our suppliers); our ability to hire engage and retain a talented global workforce our ability to realize expected cost savings and operating efficiencies associated with strategic initiatives or restructuring programs; complications with the design implementation or usage of our new enterprise resource planning system including the ability to support post-implementation efforts and maintain enhancements new features or modifications; and such other matters as discussed in our Annual Report on Form 10-K for the year ended December 31 2024 and from time to time in our other filings with the U.S Securities and Exchange Commission from time to time The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations (unaudited) (in thousands except percentages and per share amounts) Supplementary Information – Segment Results (unaudited) (in thousands except percentages) Unallocated mark-to-market losses (gains) on commodity derivatives (2) Costs associated with business realignment initiatives (1)   Includes centrally-managed (a) corporate functional costs relating to legal (b) expenses associated with the oversight and administration of our global operations information systems and global shared services (c) non-cash stock-based compensation expense and (d) other gains or losses that are not integral to segment performance (2)   Net (gains) losses on mark-to-market valuation of commodity derivative positions recognized in unallocated derivative losses (gains) Total liabilities and stockholders' equity View original content to download multimedia:https://www.prnewswire.com/news-releases/hershey-reports-first-quarter-2025-financial-results-302443365.html We’d like to share more about how we work and what drives our day-to-day business How we use your information depends on the product and service that you use and your relationship with us To learn more about how we handle and protect your data, visit our privacy center Read our editorial policy to learn more about our process Connecting decision makers to a dynamic network of information Bloomberg quickly and accurately delivers business and financial information 2025 at 9:58 AM EDTBookmarkSaveTakeaways NEWHershey Co became one of the few consumer-focused companies to reiterate its annual outlook but the chocolate-maker’s view doesn’t account for the cost of tariffs for the full year The company still expectsBloomberg Terminal sales to gain at least 2% and adjusted earnings to drop about 35% The impact of US levies was only taken into account for the second quarter President Donald Trump’s 90-day pause on additional tariffs is set to expire in July 2025 /PRNewswire/ -- 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 It is the 381st consecutive regular dividend on the Common Stock and the 162nd consecutive regular dividend on the Class B Common Stock View original content to download multimedia:https://www.prnewswire.com/news-releases/hershey-declares-quarterly-dividends-302443259.html Read our editorial policy to learn more about our process.