First Trade Date for Hershey Company (The)
| Company Name | First Trade Date (yyyy-mm-dd) |
| Hershey Company (The) | 1947-09-19 |
| Company Name | Symbol |
| Hershey Company (The) | HSY |
| History and Business of Company (this information may include date of incorporation) | |
|
Hershey Foods Corporation, its wholly-owned subsidiaries and entities in which it has a controlling financial interest (the "Company") are engaged in the manufacture, distribution and sale of confectionery and grocery products. The Company was organized under the laws of the State of Delaware on October 24, 1927, as a successor to a business founded in 1894 by Milton S. Hershey. In July 2003, the Company announced a number of initiatives continuing its value-enhancing strategy. These initiatives included realigning the sales organization and streamlining the supply chain by divesting or eliminating certain non-strategic brands and products and by product line rationalization. In September 2003, the Company completed the sale of a group of the Company's gum brands to Farley's & Sathers Candy Company, Inc. for $20.0 million in cash as part of its business realignment initiatives. Included in the transaction were the FRUIT STRIPE, RAIN-BLO and SUPER BUBBLE trademarked gum brands. The Company's principal product groups include: confectionery products sold in the form of bar goods, bagged items and boxed items; and grocery products in the form of baking ingredients, chocolate drink mixes, peanut butter, dessert toppings and beverages. The Company believes it is a leader in many of these product groups in the United States, Canada and Mexico. Operating profit margins vary considerably among individual products and brands. Generally, such margins on confectionery products are greater than those on grocery products. | |
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