The pandemic "has impacted traffic into stores, length of time in stores and the amount of discretionary goods people are purchasing," CEO Michele Buck says
The $397 million purchase of the maker of ONE Bars furthers Hershey's strategy to become a "snacking powerhouse."
Hershey, JPMorgan Chase, J.Jill, Hibbett Sports, Cognex, CBRE Group, Majesco, Alexander & Baldwin, Global Knowledge, SP Plus
The $420 million deal for the maker of Pirate's Booty cheese puffs expands Hershey's "better-for-you" snacks business.
The job cuts are part of Hershey's restructuring program aimed at boosting operating profit and reducing administrative expenses.
The company's fourth-quarter profit was boosted by a 22% drop in cocoa prices and its cost-cutting initiatives.
After being rebuffed by Hershey, the confectioner is targeting U.S. consumers with an Oreo branded chocolate bar.
The $22.8 billion proposal would create the world's largest candy maker but the Hershey Trust may stand in the way of any suitor.
Patricia Little's lack of food-industry and M&A experience could bite the company, says Management CV.
Deloitte blows up conventional thinking on the assessment of financial performance.
