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THE HERSHEY COMPANY

(HSY)
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Hershey : Licenses New S'Mores Accessories for Summer

04/06/2021 | 08:36am EDT

HERSHEY, Pa., April 6, 2021 - The Hershey Company (NYSE: HSY) and Brand Activation Consulting today announced the expansion of its line of officially licensed Hershey's S'Mores accessories with Mr. Bar-B-Q and new partner, International Wholesalers. The extensive line of Hershey's S'Mores products that features popular backyard barbeque accessories, like carrying cases, wooden and light up skewers, will now include Hershey's wipes, storage bags, grub holders, freezer-safe storage containers and rotating skewers.

'The Hershey Company understand that consumers who have deep, personal connections to brands like to experience them in multiple ways,' said Michelle McLaughlin, Chief Executive Officer, Brand Activation Consulting. 'These new accessories from International Wholesalers as well as Hershey's S'Mores graphics integrated in our lifestyle product stories will further those connections by allowing consumers to have a complete S'Mores celebration from beginning to end.'

'Consumers are continuing to find moments of goodness in simple activities like family S'Mores nights and backyard celebrations,' said Ernie Savo, Senior Director, Global Licensing. 'We're proud that our iconic brands have a place in these moments, and we're eager to create partnerships that extend that relationship from our snacking portfolio to a complete experience.'

Hershey's S'Mores were among the most popular snacks of 2020, with the company seeing a 40-50% increase in sales of Hershey's 6-pack bars while consumers spent more time at home during the COVID-19 global pandemic. The company also saw a 10% increase on its officially-licensed Mr. BBQ grilling tools, often purchased alongside S'Mores ingredients.

Hershey's 2021 S'Mores general merchandise and confection feature space arrive at participating retailers this month, and will be supported throughout the summer with three waves of marketing and merchandising initiatives that run through September.

For more information about Hershey's general merchandise licensing, visit www.bac-usa.com or contact info@bac-usa.com.

About Brand Activation Consulting®

Brand Activation Consulting (BAC) is a global licensing agent founded in 2015 by industry veterans Michelle McLaughlin and Bob Traub. BAC has expertise ranges from licensed product categories from food to apparel and consumer packaged goods. BAC represents notable brands, including Build-A-Bear Workshop, The Hershey Company, Just Born Foods (Peeps, Mike & Ike, and Hot Tamales), Skippy Peanut Butter, Hormel Chili, Revlon, Mr. Men Little Miss, NDK Swiss, ProMelt Deicer, and Teflon.

About The Hershey Company

The Hershey Company is headquartered in Hershey, Pa., and is an industry-leading snacks company known for bringing goodness to the world through its iconic brands, remarkable people and enduring commitment to help children succeed. Hershey has approximately 17,000 employees around the world who work every day to deliver delicious, quality products. The company has more than 90 brands around the world that drive more than $8 billion in annual revenues, including such iconic brand names as Hershey's, Reese's, Kit Kat®, Jolly Rancher, Ice Breakers, SkinnyPop, and Pirate's Booty.

For more than 125 years, Hershey has been committed to operating fairly, ethically and sustainably. Hershey founder, Milton Hershey, created the Milton Hershey School in 1909 and since then the company has focused on helping children succeed.

To learn more visit www.thehersheycompany.com

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Disclaimer

The Hershey Company published this content on 06 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 April 2021 12:35:05 UTC.


© Publicnow 2021
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Sales 2021 8 623 M - -
Net income 2021 1 410 M - -
Net Debt 2021 3 492 M - -
P/E ratio 2021 24,8x
Yield 2021 1,96%
Capitalization 34 877 M 34 877 M -
EV / Sales 2021 4,45x
EV / Sales 2022 4,36x
Nbr of Employees 16 040
Free-Float 65,5%
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 170,44 $
Last Close Price 168,49 $
Spread / Highest target 11,0%
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Spread / Lowest Target -20,5%
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Michele G. Buck Chairman, President & Chief Executive Officer
Steven E. Voskuil Chief Financial Officer & Senior Vice President
William C. Papa Chief Research & Development Officer, Senior VP
Charles Arthur Davis Independent Director
David Lloyd Shedlarz Independent Director
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