Grandson of the inventor of Reese's Peanut Butter Cups accuses Hershey of cutting corners [BNN Bloomberg (Canada)]
The Hershey Company (HSY)
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Source: BNN Bloomberg
Hershey acknowledges some recipe changes but said Wednesday that it was trying to meet consumer demand for innovation. High cocoa prices also have led Hershey and other manufacturers to experiment with using less chocolate in recent years. Brad Reese, 70, said in a Feb. 14 letter to Hershey's corporate brand manager that for multiple Reese's products, the company replaced milk chocolate with compound coatings and peanut butter with peanut crème. “How does The Hershey Co. continue to position Reese's as its flagship brand, a symbol of trust, quality and leadership, while quietly replacing the very ingredients (Milk Chocolate + Peanut Butter) that built Reese's trust in the first place?” Reese wrote in the letter, which he posted on his LinkedIn profile. He is the grandson of H.B. Reese, who spent two years at Hershey before forming his own candy company in 1919. H.B. Reese invented Reese's Peanut Butter Cups in 1928; his six sons eventually sold his company to Hershey in 1963.
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HSY
News
- Grandson of Reese's Peanut Butter Cup inventor accuses Hershey of "quietly replacing" ingredients [CBS News]CBS News
- Grandson of the inventor of Reese's Peanut Butter Cups accuses Hershey of cutting corners [Yahoo! Finance Canada]Yahoo! Finance Canada
- Chocolate wasn't always romantic. How did it become a symbol of love? | The Excerpt [USA TODAY]USA TODAY
- Valentine's Day sticker shock: Chocolate prices are spiking [CNN]CNN
- Valentine's Day sticker shock: Chocolate prices are spiking [CNN]CNN
HSY
Earnings
- 2/5/26 - Beat
HSY
Sec Filings
- 2/18/26 - Form 144
- 2/17/26 - Form 10-K
- 2/5/26 - Form 8-K
- HSY's page on the SEC website