Preview

Hershey's Company Profile

Satisfactory Essays
Open Document
Open Document
787 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Hershey's Company Profile
The story of Hershey spans nearly a century and a half of industrial and social change. It tells of how one determined pioneer from rural Pennsylvania built an international company, a town to go with it, and a chocolate and confectionery sensation

The Hershey Company (NYSE: HSY) is the largest producer of quality chocolate in North America and a global leader in chocolate and sugar confectionery. Headquartered in Hershey, Pa., The Hershey Company has operations throughout the world and more than 12,000 employees. With revenues of more than $5 billion, Hershey offers such iconic brands as HERSHEY'S, REESE'S, HERSHEY'S KISSES, KIT KAT, TWIZZLERS and ICE BREAKERS as well as the smooth, creamy indulgence of HERSHEY'S BLISS chocolates. Hershey is a leader in the fast-growing dark and premium chocolate segment, with such brands as HERSHEY'S SPECIAL DARK and HERSHEY'S EXTRA DARK. In addition, Artisan Confections Company, a wholly owned subsidiary of The Hershey Company, markets such premium chocolate offerings as SCHARFFEN BERGER and DAGOBA. For more than 100 years, The Hershey Company has been a leader in making a positive difference in the communities where we live, work and do business. Milton Hershey School, established by the company’s founder in 1909, provides a nurturing environment, quality education, housing, and medical care at no cost to children in social and financial need. The School is administered by the Hershey Trust Company, Hershey’s largest shareholder, making the students of Milton Hershey School direct beneficiaries of Hershey’s

hershey co/the (HSY) Details
The Hershey Company, together with its subsidiaries, engages in manufacturing, marketing, selling, and distributing various chocolate and confectionery products, pantry items, and gum and mint refreshment products worldwide. It offers chocolate and sugar confectionery products, including milk chocolate bars, chocolates, candies, candy bars, wafer bars, peanut butter cups, peanut

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Tootsie Roll Analysis

    • 435 Words
    • 2 Pages

    The Hershey Company and Tootsie Roll Industries are two main confectionery companies. Every year both Hershey and Tootsie compile their annual reports. These reports include a plethora of information in regards to assets, liabilities and stockholders’ equity, earnings, comprehensive earnings, retained earnings, cash flows, and so forth.…

    • 435 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    As of 2008, the Company’s liquidity position had improved and is showing ratios above industry average. Hershey’s current ratio and cash debt coverage have improved since 2004. It’s accounts receivable management has remained consistent and inventory management has improved. Over time Hershey has increased it’s ability to meet current obligations and is out-performing competitors in this area.…

    • 1040 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Tootsie Roll Case Study

    • 2927 Words
    • 12 Pages

    The Hershey Company is currently launching new products, acquiring new companies such as Brookside, expanding their summer season, global expansion, and doubling their plant capacity. The strategy of the Hershey Company expanding involves new products such as Twizzler Bites and Jolly Rancher Bites might have an effect on the Tootsie Roll Industries and it is a new product that competes with their chewy based products such as Sugar Babies, Sugar Daddy, and their Frooties line17. The Mars Company had decided to go the root of using 100% natural materials, more sustainable approaches, and to try to strengthen the cocoa supple chain. Through strengthening this chain they hope to raise the standards through the entire industry18. The Mars strategies to attempt raise the standard of the cocoa supply chain could mean more regulations for the Tootsie Rolls Industry but at the same time better product…

    • 2927 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    Today the Hershey Company operates with more than 13,000 employees. The company’s product lines go beyond the basic chocolate; Hershey also has lines in sugar confectionary, gum and mints, snacks, pantry items, and kosher products. Some of their most popular items include Hershey Chocolate and Kisses, Reese’s, Ice Breakers, Kit Kats, Jolly Ranchers, York, Twizzlers, Whoppers, Symphony Bars, Mr. Goodbar, Almond Joy, Mounds, and Pay Day Bars. Meng, C.…

    • 1358 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Both the Hershey Company and the Tootsie Roll Company specialize in a wide variety of chocolate candy products. "The Hershey Company is a leading snack food company and the largest North American manufacturer of quality chocolate and non-chocolate confectionery products, with revenues of over $4 billion and more than 13,000 employees worldwide" (The Hershey Company, 1995-2005, para. 1). The Hershey Company originated with the candy manufacturer Milton Hershey. In 1894 Milton Hershey wanted to design a sweet coating for his already existing caramels, thus his new enterprise, the Hershey Chocolate Company began. The Hershey Company went public on the New York Stock Exchange (NYSE) in 1922.…

    • 4238 Words
    • 17 Pages
    Powerful Essays
  • Good Essays

    Hershey Swot Analysis

    • 510 Words
    • 3 Pages

    Hershey is giving opportunity to the cocoa farmers to increase their income. This is a strength because Hershey believe in CSR and they help the cacao farmer by improving their community and living standard. By believing in fair treatment to farmers, it strengthen Hershey’s image.…

    • 510 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    SWOT ANALYSIS

    • 619 Words
    • 3 Pages

    Hershey Foods Corporation is committed to the values of its founder Milton S. Hershey—the highest standard of quality, honesty, fairness, integrity, and respect. The firm makes annual distribution of cash, products, and services to a variety of national and local charitable organizations. The corporation operates the Milton Hershey School for socially disadvantaged children and is the sole sponsor of the Hershey National Track and Field Youth Program. Hershey also makes contributions to the Children’s Miracle Network, a national program benefiting children’s hospitals across the United States.…

    • 619 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    was persistent, hard-working and altruistic. Hershey exhibited his persistence in the business world because even though his first two businesses failed, he persevered and formed a lucrative caramel business. Along with being persistent, Hershey was a hard-working businessman. He believed that success was the quality of the product, not its monetary value. Hershey strived to make his products the nonpareils of the chocolate business. Hershey once said, "'I started with ambition and intention of making the best chocolate that money or skill could make, regardless of the cost of manufacture (Snavely 147).'" Hershey believed that the caliber of his products was the highest priority of his business. He wanted to make the best chocolate and worked hard to ascertain it happened. Lastly, Hershey was altruistic because he lived to serve others. Hershey said, "'One is only happy in proportion as he makes others feel happy...(Price 258).'" This quote exhibits how Hershey wanted the best for…

    • 660 Words
    • 3 Pages
    Good Essays
  • Good Essays

    From his failures, he had learned one other thing other than a great recipe for caramel. He had also learned that selling caramels in big batches to restaurants and hotels could make twice the money in half the time. So, after borrowing money from a nearby bank, Milton started a caramel factory in Lancaster, Pennsylvania, calling his creations “Hershey’s Crystal A Cream Caramels”. Milton’s new company was what he had been waiting for: success! He sold in big batches to several companies and after one large sale, being sent all the way to Europe, Milton payed off his loan at the bank. But an interesting thing about Hershey was that he wasn’t just the boss, he worked with his employers making caramel. He wanted his caramel to be the highest quality they could make it. Business was booming and the only direction Hershey was going from here was up.…

    • 2139 Words
    • 9 Pages
    Good Essays
  • Good Essays

    By 1867, Hershey’s father “had largely cut himself out of the family picture” (Milton). Following an incomplete rural school education, he was apprenticed at the age of fifteen but was fired shortly after. Four years later, Hershey borrowed one hundred and fifty dollars from a gracious aunt to set up his own shop in the heart of Philadelphia. For five long years Hershey put everything he had into the business. But success eluded him, he finally closed shop and headed west to reunite with his father. With his father, Hershey found work with a confectioner. But the entrepreneur in Hershey was not content to work for someone else, and he then struck out on his own again. First in Chicago and later in New York City, but in both cases he failed again (Milton). Then in 1883, he returned to Lancaster and still convinced that he could construct a successful candy company, started the Lancaster Carmel Company. Within a few short years Hershey had a successful and thriving business. But when Hershey got an up-close look at the art of chocolate making he was immediately hooked. “The fascination quickly became focused on milk chocolate, considered a delicacy” (Milton), but was largely dominated by the Swiss. In 1900, Hershey sold the Lancaster Caramel Company for a staggering one million dollars and started a new company. Quickly, the Hershey Chocolate Company surpassed the founder’s previous venture.…

    • 1256 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Growing closer to the boys through every day, it seemed as if they were a part of the Hershey family. Before his death in October of 1945, Milton contributed his wealth to the school of orphaned boys. He donated this wealth so he would know completely that the school would succeed after his passing. After creating the Hershey trust company to ensure the school would succeed, he decided to also donate to even more programs. He created "The M.S. Hershey Foundation" to ensure the education and ethnic activities in his town would surely be funded.…

    • 769 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Who Is Milton Hershey?

    • 458 Words
    • 2 Pages

    in Shuman). Eventually they ceased to live with each other. As a child Hershey bounced from school to school because, they moved so much. As imagined it was hard for him to keep up and learn much. He then dropped out of school at the age of thirteen "Milton Snavely Hershey."). This was a major challenge for him. At age thirteen, it was hard to find work; he mostly helped his parents on the farm. His father then forced him to work in the printing business. Hershey was not very fond of this job. He then applied for a job as a candy apprentice. He “drove sixteen miles to town” just to apply for the job (qtd in Snavely 3). This is where he first got his experience with candy. Although Hershey’s childhood was an adversity he faced it didn’t stop there he struggled early on with his…

    • 458 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Hershey Chocolate Company

    • 2093 Words
    • 9 Pages

    After completing an apprenticeship to a confectioner in 1873, Milton S. Hershey founded a candy shop in Philadelphia, which failed six years later. After trying unsuccessfully to manufacture candy in New York, Hershey returned to Pennsylvania, where he founded the Lancaster Caramel Company, whose use of fresh milk in caramels proved successful. In 1900, after seeing chocolate making machines for the first time, Hershey sold his caramel company for $1,000,000 (equal to $27,596,000 today) and began to concentrate on chocolate manufacturing. He stated to people who questioned him, "Caramels are just a fad, but chocolate is a permanent thing."…

    • 2093 Words
    • 9 Pages
    Good Essays
  • Satisfactory Essays

    Currently, Hershey Company has a divisional organizational structure. Hershey is a large company with several products and well-known brands such as Hershey's Snack Barz, Ice Breakers Chewing Gum & Mints, Reese’s etc. Their divisional structure facilitates Hershey’s goal of expanding geographically. Hershey’s U.S. Commercial Group, Global Growth and Innovations Group, and International Commercial Group all play separate roles in achieving strategic and growth objectives.…

    • 326 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Milton Hershey Biography

    • 786 Words
    • 4 Pages

    stock from Hershey Chocolate Company to Hershey Industrial School in memory of his wife. Milton Hershey died on October 13, 1945, of…

    • 786 Words
    • 4 Pages
    Good Essays