Converting operations to support communities is latest step in the company's COVID-19 response
April 24, 2020
The Hershey Company (NYSE: HSY) today announced that it is committing $1 million to acquire, install and staff a new manufacturing line dedicated to the production of facemasks.
Overall, Hershey’s first quarter performance was relatively in line with expectations, with a modest impact from COVID-19. However, international sales did fall.
Hershey said it’s expecting to face a number of challenges as a result of the current COVID-19 global pandemic, including a reduced demand for products, reduced availability of its products, and issues with the supply chain, among other things.
Two weeks after Mars Wrigley set a Guinness World Record with a 4,700-lb. Snickers bar, The Hershey Co. revealed a 5,943-lb. Reese’s Take 5 bar on Jan. 31 at Hershey’s Chocolate World in Hershey, Pa.