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Hershey (NYSE: HSY) #1 US candy brand with Reese's Peanut Butter Cups at $2B+ retail sales; seasonal shapes driving pantry loading competing with Mars M&M's and Snickers for chocolate confectionery leadership.
Reese's is The Hershey Company's (NYSE: HSY) flagship candy brand — the top-selling candy brand in the United States by dollar sales for most years since the late 2000s — built around the chocolate-peanut butter combination pioneered by H.B. Reese (a Hershey employee) in 1928 and sold to The Hershey Company in 1963. Reese's Peanut Butter Cups (the core product), Reese's Pieces (peanut butter candy in a sugar shell), Reese's Thins, Reese's Sticks, Reese's Fast Break, Reese's Puffs cereal, and dozens of seasonal shapes (eggs at Easter, pumpkins at Halloween, trees at Christmas) collectively generate an estimated $2+ billion in annual US retail sales.
Major US chocolate company with $11B revenue; Reese's and Hershey's chocolate plus Kit Kat under license managing cocoa inflation from 2024 historic price spikes competing with Mars.
The Hershey Company is one of the world's largest chocolate manufacturers, producing iconic confectionery brands including Hershey's chocolate bars, Reese's peanut butter cups, Kit Kat (in the US, under license from Nestlé), Jolly Rancher, Almond Joy, Mounds, and Kisses. Listed on NYSE (NYSE: HSY) and headquartered in Hershey, Pennsylvania (a company town literally built around the chocolate factory), Hershey generates approximately $11 billion in annual revenue and commands significant market share in the US confectionery market.\n\nHershey's product portfolio spans milk chocolate, dark chocolate, white chocolate, peanut butter chocolate combinations (Reese's is consistently one of the top-selling confectionery brands in the US), hard candy (Jolly Rancher), gum, and snack bars. The Reese's brand is Hershey's largest and most strategically important, generating billions in annual sales with consistent category leadership in the peanut butter confectionery segment. Hershey also owns salty snacks (SkinnyPop popcorn, Dot's Pretzels) as part of its snacking expansion.\n\nIn 2025, Hershey faces significant cocoa cost inflation — cocoa prices reached historic highs in 2024 as West African crop failures created supply shortages, forcing Hershey and other chocolate manufacturers to take significant price increases that have pressured volume. The company competes with Mars, Inc. (M&Ms, Snickers, Twix), Mondelez (Cadbury, Toblerone), and Lindt for confectionery market share. Hershey's 2025 strategy focuses on managing cocoa cost volatility through pricing and hedging, growing its salty snacks segment as a less cocoa-dependent growth lever, and maintaining brand equity of core chocolate brands despite price increases.
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