| Hershey
Foods
1. Hershey
Homepage- http://www.hersheys.com/index.shtml-
There’s no sweeter
place on Earth than HERSHEY’s Chocolate World, the official
visitors center of Hershey Foods Corporation. Open year-round and absolutely
FREE, here you’ll explore the art of chocolate making on a simulated factory
tour ride that concludes with a delicious sample.
2.
Hoovers Company Capsule- http://www.hoovers.com/co/capsule/2/0,2163,10722,00.html
- provides basic information concerning the company and its major subsidiaries.
Hershey Foods has Kisses to spare. The market leader in the US candy business
(ahead of Mars), the company makes such well-known chocolate and candy
brands as Hershey's Kisses, Reese's Peanut Butter Cups, Twizzlers licorice,
Kit Kat, Jolly Rancher, Almond Joy, and Super Bubble gum.
Key People include
Chairman and CEO, Kenneth L. Wolfe, VC, President, and CCO,
Joseph P. Viviano, SVP, CFO, and Treasurer William F. Christ, SVP
Confectionery and Grocery, Michael
F. Pasquale, and SVP Operations Raymond Brace
3.
MSN
Money central - http://moneycentral.msn.com
- Hershey, Tootsie and Wrigley seek to satisfy the market's sweet tooth
by building on an expanding confectionery sector with new products and
international growth.
Hershey is the No. 1 chocolate maker in the United States, generating 1998
sales of $4.4 billion. It owns 34.8% of the U.S. total confectionery market.
From 1995 to 1997, the stock averaged a 39.6% return. Then the pace of
growth soured, and in 1998 the stock advanced barely 2%. Inventory problems,
a change in the mix from the more-profitable standard bar to bagged candy
and a failed "Godzilla" movie promotion produced disappointing earnings
all year.
4. Ten
Things You Didn't Know About Hershey, Mars and Chocolate -
http://www.joelglennbrenner.com/trivia.html - Reese's Peanut Butter Cups
are Hershey's biggest seller, but in the 1950s, the company tried a chocolate
marshmallow cup that showed real promise. Unfortunately, the product had
to be discontinued -- the marshmallow filling had a tendency to explode
when shipped over the
high altitude of the Rocky Mountains.
5.
- http://www.informationweek.com/703/03iusrv.htm
The Service Imperative
Companies are devising new IT strategies
to bolster service and keep their customers coming back. The customer comes
first." Marketing slogan? Or a serious business goal backed with resources
and commitment from upper management? For a growing number of companies--including
Hershey Foods, Mobil, and Staples--it's the latter.
6.
- http://eocenter.marketguide.com/mgi/snap/4293N.html
Hershey Foods manufactures, distributes, and sells a broad line
of chocolate and non-chocolate confectionery, pasta and grocery products.
For the 6 months ended 7/4/99, net sales fell 9% to $1.8B. Net income
totalled $274.7M, up from $123.4M.Revenues suffered from the divestiture
of the Corporations pasta business and decreased core
confectionery product sales. Earnings benefitted from a $243.8M gain
on the sale of business.
7.
Hershey
Foods Corporation is engaged in the worldwide manufacture, distribution
and sale of
consumer food products. These products include both chocolate
and non-chocolate
confectionery, pasta and grocery items. Its principal product,
chocolate which is sold under more
than 50 brand names includes bar goods, bagged items and boxed
items. Pasta products are sold
in a wide variety of shapes, sizes and packages. Finally, its
grocery division includes baking
ingredients, chocolate drink mixes, peanut butter, dessert toppings
and beverages.
8. Industry
Week http://www.industryweek.com/iwinprint/100bestmanaged/1999/database/IW99Company.asp?Input=415
Hershey Foods Corp.
Business description: foods, confectionery products
Leader of the U.S. candy market.
Its products are in more than 90 countries.
Revenue in 1998 was $4.4 billion.
Sold its pasta business (comprised of eight brands including
Ronzoni, Skinner, and San Giorgio) for $450 million to focus on confections.
Nearly half of international sales are generated by four key brands: Hershey's
Kisses,
Hershey's Nuggets,Hershey's Cookies 'n' Creme, and Hershey's Syrup
Introduced in 1998, ReeseSticks achieved record introductory
sales and surpassed production capacity. Hershey plans measures
this year to increase capacity.
In the third year of IndustryWeek's 100 Best-Managed Companies awards
you would have expected the judging process to become a little easier.
It didn't. As always, our biggest challenge was not finding 100 companies
that met our criteria, but rather limiting the list to that number. After
winnowing the list of qualifiers with our financial formula, weighing the
opinions of industry panelists, and considering written entries and our
own independent research, each finalist had to be examined
individually, measured against industry pressures and geographical
influences, and debated among the judges. Not only have all of the winners
demonstrated superior, consistent financial performance, but also they
exhibit a strong focus on the future made manifest by systematic investments
in market development, employee training and welfare, and society.
THREE-TIME BEST-MANAGED COMPANIES
COMPANY HEADQUARTERS
REVENUE $US CEO
BUSINESS
1998 IW 1000
(MILLIONS)
DESCRIPTION RANK
Hershey Foods Hershey PA
4,302.20 Kenneth
L. Wolfe Foods, confectionery
415
products
9. http://www.pathfinder.com/fortune/fortune500/500list2_301.html
Revenues Profits
Assets
Stockholders'
Equity
$ millions $ millions
$ millions
$ millions
4,435.6
340.9 3,404.1
1,042.3
% change % change
from
from
1997 3.1 1997 1.4
10. IBM Global Services
http://www.ibm.com/services/showcase/success/fullhershey.html
Hershey
Foods Integrates its Information System with IBM Global Services' Help
Hershey Foods
needed a way to integrate the information systems in its functionally-organized
$4.3 billion chocolate, confectionery and pasta company with 28 plants
in the U.S., Canada and Mexico. Its goal was to convert the company to
an enterprise-wide information system to deliver real-time, reliable
information across all functions. With IBM Global Services as a collaborating
partner, Hershey set up a team of managers and professionals to install
SAP on a 30-month timetable. After a test launch of its new Enterprise
Research Planning (ERP) model in Canada, Hershey was ready for a company-wide
launch of SAP in 1999. Hershey expects marked savings in manufacturing,
production planning and inventory, improved logistics in sales and marketing,
better transportation management, and enhanced responsiveness to customers.
Hershey Foods, the $4.3 billion chocolate, confectionery and pasta company,
operates a complicated enterprise rich in tradition, which serves a variety
of trade categories -- from corner grocery stores to mass merchandisers.
To promote more efficient operations during its seven selling seasons,
Hershey decided to integrate its dispersed, function-bound information
systems, including 3,000 Stock Keeping Units (SKUs) manufactured in 28
plants in the U.S., Canada,and Mexico.
Note: One of the reasons that hershey has reduced
their profit projection for the current quarter and the year is that there
are problems with the new computer order system.
11. Lycos
Home > Top 5% > Business > Corporate Home Pages > Food Industries >
http://point-spry.lycos.com/reviews/FoodIndustries_13352.html
If the Net had smell-o-vision, Pennsylvania candy-maker
Hersheys would be first in line to supply surfers
with a similarly aromatic experience. The next
best thing is the Hershey Foods Corp. site, which features a link to the
homepage for Chocolate Town, USA (aka Hershey, Pa.), plus richly developed
sections on Hersheys various divisions (including Chocolate North America,
Hershey Pasta Group and Hershey International), plus a company history
and a virtual chocolate factory tour. An online cookbook even offers chocolate
and pasta recipes (well be trying those Blarney Stone-Kissed Cookies for
St. Patricks Day). If youre a shopaholic chocaholic, head straight to the
Gift Catalog to stock up on stuff like the Big Bytes Chocolate Greeting
(a 2 lb chocolate computer inscribed with your message). This densely packed
corporate site sweetly balances consumer information and sales with corporate
materials.
12.
http://thestandard.com/companies/company_display/0%2C1591%2C10722%2C00.html
Hershey Foods has Kisses to spare. The market leader in the US candy
business (ahead of Mars), the company makes such well-known chocolate and
candy brands as Hershey's Kisses, Reese's Peanut Butter Cups, Twizzlers
licorice, Kit Kat, Jolly Rancher, Almond Joy, and Super Bubble gum.
Hershey also makes grocery goods such as baking pieces, ice-cream toppings,
chocolate syrup, cocoa mix, and peanut butter; it has sold its pasta operations.
Its products are sold by more than two million retailers in North America
and exported to over 90 countries. The Hershey Trust -- which benefits
the Milton Hershey School for disadvantaged children -- controls 76% of
the company's voting power.
13. http://www.classifieds2000.com/cgi-cls/display.exe?partner=xc-xca&path=Employment~VaultReports~Companies~Hershey_Foods
The Scoop
As the manufacturer of five of the top 10 chocolate brands in the U.S.,
Hershey's holds the drill to America’s cavities. The company’s most recognizable
candy products include its namesake chocolate bars, Reese’s peanut butter
cups, Kit Kat bars, York Peppermint Patties, Kisses, and Twizzlers. With
Sweet Escapes, a (relatively) low fat and low calorie line of treats, Hershey
has attempted to regain customers lost in the fat-phobic 90s. Unfortunately,
not every pill for Hershey is sugar-coated. International business, particularly
in the Far East and Latin America, remains bittersweet.
14. http://news.excite.com/news/pr/990913/pa-hershey-outlook
Hershey
Foods Results Expected to Miss Expectations
Updated 9:49 AM ET September 13, 1999
HERSHEY, Pa., Sept. 13 /PRNewswire/ -- Hershey Foods Corporation
(NYSE:HSY)
announced today that it expects to miss earnings per share expectations
for the third quarter and
fiscal year 1999, primarily as a result of problems encountered
in the July startup of new business
systems, in the areas of customer service, warehousing and order
fulfillment. Earnings per share
for the year could fall 8% to 10% below our previous expectations
of $2.40 per share, with the
bulk of the shortfall occurring in the third quarter.
Kenneth L. Wolfe, Chairman and Chief Executive Officer said,
"We are going through a very challenging period in providing the
order fulfillment and customer service levels which customers
have come to expect from Hershey. While order patterns have
remained strong, we have been unable to fill them completely,
in a timely fashion. We have put in place an action plan to resolve
our order backlog and get us back on schedule. With the present
demand for Back-To-School/Halloween and the upcoming
Christmas season, however, we believe it will be mid- to late
October before we are fully back on schedule. Our customers are
being notified of this plan and, we believe with their cooperation,
we can meet this challenge."
15.
http://www.jobvault.com/vstore/snapshots/SnapShotHome.cfm?Product_ID=830
Sweet surrender
Luckily, Hershey provides dental coverage to its employees, who say that
they are treated as “sweetly as the chocolate.” Longtime employees praise
the “generous” benefit and retirement packages as well as the “social and
high-spirited” atmosphere. It's good that they get along, particularly
at the corporate office, because “Hershey (PA) is a very small town, and
there is not much to do.” But “there is a company fitness track, gym pool,
weightlifting, exercise machines, and classes available to both employees
and their spouses.” Hershey wants employees with “technical knowledge and
expertise” who will thrive in its "family atmosphere."
COMPETITION
http://www.mars.com/
Welcome to the world of Mars, Incorporated!
Mars is a diversified multi-national company creating quality products
in five primary product groups including pet care, snack foods, main
meal, electronics, and drinks. Today Mars products are enjoyed in
over one hundred countries throughout five continents. Our home page
is a place where you can link to the wide variety of information
entertainment and services we provide on the Internet.
When you think of Nestlé, you probably think of chocolate, coffee
or even milk products. But there is a lot more to Nestlé than candy
bars and instant beverages. Most people don't know that we are The World's
Largest Food Company – the only company that is truly dedicated to
providing a complete range of food products to meet the needs and tastes
of people from around the world, each hour of their day, throughout their
entire lives.
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