Hershey to showcase new products at the National Confectioners Assn.'s 2024 Sweets & Snacks Expo from May 14-16 in Indianapolis; products include Reese’s Caramel Big Cup, Kit Kat Pink Lemonade and Hershey’s Crunchy Waffle Cone Bars

HERSHEY, Pennsylvania , May 13, 2024 (press release) –

The Hershey Company (NYSE: HSY) will showcase its growing sweet and salty portfolio, along with retail capabilities and merchandising strategies, during the National Confectioners Association’s 2024 Sweets & Snacks Expo from May 14-16 in Indianapolis, Indiana.

Innovation

Visitors to the company’s booth (#11802) will sample products from various brands, including Reese’s, Hershey’s, KIT KAT®, Ice Breakers, ONE™ Bars, FULFIL, Dot’s Homestyle Pretzels, SkinnyPop and Twizzlers. Some of our new products include:

• Reese’s Caramel Big Cup
• KIT KAT® Pink Lemonade
• KIT KAT® Vanilla
• Hershey’s Crunchy Waffle Cone Bars
• Ice Breakers Sparkling Mints Pineapple Mango Seltzer Flavor
• Dot’s Homestyle Pretzels Parmesan Garlic Flavor
• SkinnyPop Cheddar Jalapeño

Additionally, Reese's, known for its legendary combination of chocolate and peanut butter, is introducing the ultimate newcomer just in time for the Olympic and Paralympic Games Paris 2024: Reese's Medals. The first-ever seasonal shape for summer is available now for a limited time only and commemorates The Hershey Company's ongoing partnership with Team USA.

“We’re excited to expand Reese’s, the #1 CMG brand, to our first summer shape with Reese’s Medals,” said Chuck Raup, President, U.S. Confection. “It follows our hugely successful launch of Reese’s Caramel Big Cup, currently the #1 innovation in CMG. The gooey layer of caramel directly responds to consumers' desires, offering them a delightful twist on the classic Reese’s chocolate and peanut butter combination while opening new avenues for category growth.”

Capabilities & Strategies

Augmented Reality and Image Recognition

To coincide with the launch of Reese’s Caramel Big Cup, Hershey's retail sales team utilized augmented reality (AR) and image recognition (IR) to help retailers make data-driven decisions to optimize merchandise placement and increase sales. AR generates an image of what the product would like in a specific location. IR tracks the merchandise and its in-store location to gather insights on how placement impacts sales and the shopping experience.

Foodservice

Foodservice demand is growing. Hershey research demonstrates that 52% of consumers order from a foodservice website for pickup or takeout at least once a month, and 70% of consumers frequent fast-food restaurants at least once a month for delivery or pickup. Hershey recommends retailers grow revenue streams by:

• Implementing mobile ordering, pickup and third-party foodservice delivery apps
• Featuring foodservice at the store’s front end to enhance customer engagement and offering meal bundles (entrée, beverage, snack or dessert) to provide convenience, quality and value.

The Checkout Experience

Hershey research confirms that queuing and merchandising around assisted lanes can drive more units than self-checkout; however, self-checkouts enable retailers to redeploy labor from the front end to better serve shoppers in other parts of the store.

• Proper merchandising strategies at self-checkout terminals are crucial to avoid suboptimal shopper experiences and loss in unplanned purchases.
• Hershey also recommends retailers include core categories of merchandise products and repetition at each terminal.

The trend of the “second basket,” where shoppers purchase more items in-store when picking up their online orders, increased during the pandemic and will likely grow. Retailers can capitalize on these unplanned purchases by:

• Adding incremental space to self-checkout queues, expanding item assortments, and utilizing display merchandising for take-home and seasonal items.
• Effective queuing strategies can significantly boost conversion on unplanned purchases, with shoppers more likely to engage with products placed near them in queues.
• Queues navigate shoppers to their desired checkout and encourage them to dwell, leading to more exploration and unplanned purchases.

For more information about The Hershey Company, visit thehersheycompany.com or stop by booth #11802 at NCA's Sweets & Snacks Expo.

About The Hershey Company
The Hershey Company is an industry-leading snacks company known for making more moments of goodness through its iconic brands, remarkable people and enduring commitment to doing the right thing for its people, planet, and communities. Hershey has more than 20,000 employees in the U.S. and worldwide who work daily to deliver delicious, high-quality products. The company has more than 90 brand names in approximately 80 countries that drive more than $11.2 billion in annual revenues, including Hershey's, Reese's, Kisses, Kit Kat®, Jolly Rancher, Twizzlers and Ice Breakers, and salty snacks including SkinnyPop, Pirate's Booty and Dot's Homestyle Pretzels.  

For over 130 years, Hershey has been committed to operating fairly, ethically and sustainably. The candy and snack maker's founder, Milton Hershey, created Milton Hershey School in 1909, and since then, the company has focused on helping children succeed through equitable access to education. 

To learn more, visit http://www.thehersheycompany.com/.  

Media Contact:
Momin Bhatti/The Hershey Company
(717) 216-9045
mbhatti@hersheys.com

Tristin Schifferdecker/PriceWeber
(502) 599-6142
tschifferdecker@priceweber.com

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.