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Stock Market & Financial Investment News

News Breaks
June 9, 2014
06:42 EDTHSYHershey sues marijuana edibles company over infringement issues, Reuters says
Hershey sued a Colorado producer of marijuana edibles, saying the packaging of its products too closely resembles those made by the Pennsylvania-based company, according to Reuters, citing the case filing. The trademark infringement suit says that the Ganja Joy bars made by TinctureBelle and TinctureBelle Marijuanka look too similar to Hershey's Almond Joy. Reference Link
News For HSY From The Last 14 Days
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January 28, 2016
09:28 EDTHSYHershey CEO says open to growing through M&A
Hershey CEO John P. Bilbrey, speaking on the company's Q4 earnings call, said the company's balance sheet and cash flows remain strong, adding "we'll continue to be disciplined and open to sources of growth via M&A."
07:05 EDTHSYHershey sees long term constant currency net sales growth 3%-5%
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07:04 EDTHSYHershey sees FY16 EPS $4.18-$4.23, consensus $4.38
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07:02 EDTHSYHershey reports Q4 adjusted EPS $1.08, consensus $1.05
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07:00 EDTHSYHershey announces $500M share repurchase authorization
Hershey announced that its board has approved an additional $500M stock repurchase authorization to repurchase shares of its Common Stock. Purchases under the new authorization will commence after the current program is completed. Hershey is authorized to purchase its outstanding shares in open market and privately negotiated transactions. The program has no expiration date and acquired shares of the Common Stock will be held as treasury shares. Similar to prior programs, approved share repurchase authorizations are in addition to Hershey's practice of buying back shares sufficient to offset those issued under incentive compensation plans.

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