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The Hershey Company

This article is about the chocolate manufacturer. For the ice cream company also known as Hershey's, see Hershey Creamery Company. For other uses, see Hershey's.

The Hershey Company
Hershey's
Formerly
  • Hershey Chocolate Co. (1894–1927)
  • Hershey Chocolate Corporation (1927–68)
  • Hershey Foods Corporation (1968–2005)
Company typePublic
ISINUS4278661081
IndustryFood processing
PredecessorLancaster Caramel Company
FoundedFebruary 8, 1894 (1894-02-08) (as Hershey Chocolate Company) in Lancaster, Pennsylvania, U.S.[1]
FounderMilton S. Hershey
Headquarters
19 E. Chocolate Avenue, Hershey, Pennsylvania
,
U.S.
Number of locations
19 plants[2] (2022)
Area served
Worldwide
Key people
  • Michele Buck (Chairman, President and CEO)[3]
  • Steven Voskuil (Senior VP, Chief Financial & Accounting Officer)[4]
BrandsList of The Hershey Company brands
RevenueIncrease US$8.97 billion[5] (2021)
Increase US$2.04 billion[5] (2021)
Increase US$1.48 billion[5] (2021)
Total assetsIncrease US$10.41 billion[5] (2021)
Total equityIncrease US$2.76 billion[5] (2021)
OwnerHershey Trust Company (minority owner but owns the majority of the voting stock)
Number of employees
16,620 (Full-time)[5] (2021)
Websitethehersheycompany.com

The Hershey Company, often called just Hershey or Hershey's, is an American multinational confectionery company headquartered in Hershey, Pennsylvania, United States, which is also home to Hersheypark and Hershey's Chocolate World. The Hershey Company is one of the largest chocolate manufacturers in the world; it also manufactures baked products, such as cookies and cakes, and sells beverages like milkshakes, as well as other products. The Hershey Company was founded by Milton S. Hershey in 1894 as the Hershey Chocolate Company, originally established as a subsidiary of his Lancaster Caramel Company. The Hershey Trust Company owns a minority stake but retains a majority of the voting power within the company.[6]

Hershey's chocolate is available in 60 countries.[7] It has three large distribution centers with modern labor management systems.[8] In addition, Hershey is a member of the World Cocoa Foundation. It is also associated with the Hersheypark Stadium and the Giant Center.

The Hershey Company has no affiliation to Hershey Creamery Company, though both companies were founded in Lancaster County, Pennsylvania, in the same year. The companies have had a tumultuous relationship marked by multiple legal battles over trademark issues. In the mid-1990s, the companies settled their most recent legal battles out of court, with Hershey Creamery Company agreeing to add a disclaimer to its ice cream products to note that it is not affiliated with the Hershey Company.[9]

  1. ^ Lewis, Robert. "Hershey Company". Encyclopaedia Britannica. Retrieved July 21, 2020.
  2. ^ "Plant Locations | The Hershey Company". www.thehersheycompany.com.
  3. ^ "Hershey names 11-year vet Michele Buck to CEO post". Fortune.
  4. ^ "HSY Company Profile & Executives - Hershey Co. - Wall Street Journal". www.wsj.com.
  5. ^ a b c d e f "2021 10-K Annual Report". The Hershey Company. Retrieved November 26, 2022.
  6. ^ "2018 Combined Proxy Statement" (PDF). The Hershey Company. March 22, 2018. Archived from the original (PDF) on October 28, 2018. Retrieved October 27, 2018.
  7. ^ "Yes, They Still Make Chocolate in Hershey – Harrisburg Magazine". Retrieved March 17, 2023.
  8. ^ The Supply Chain & Logistics Institute # Chris Malon, Hershey Foods. Retrieved July 3, 2006.
  9. ^ "The snacks that hate each other". May 19, 2023.
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