How much does Reeses make a year?
Reese's generates more than $2 billion in annual sales for The Hershey Company, and Reese's Peanut Butter Cups are number one on the list of top-selling candy brands.
Specialist journal
Reese's generates more than $2 billion in annual sales for The Hershey Company, and Reese's Peanut Butter Cups are number one on the list of top-selling candy brands.
The Hershey's Chocolate Company, that had inspired Reese, purchased the H.B. Reese Candy Company for $23.5 million in 1963 with H.B. Reese's children getting roughly a five percent share in the Hershey Company (which is today worth about $20B, 5% of which is $1B).
Of the nearly 80 products in the company's portfolio, Reese's drives the highest profits. Annual sales of Reese's have surpassed $2 billion, easily positioning it as the nation's No. 1 confectionery brand. In 2019, the company's global sales of licensed merchandise topped $1.6 billion, ranking the company No.
The iconic candy, which recently polled as America's favorite candy, generated $52 million in US sales in the week ending Oct. … 1.
CEO Michele Buck How Hershey CEO Michele Buck came to create a 'snacking powerhouse' The food industry veteran has transformed the small-town maker of Kisses and Reese's through a series of acquisitions and innovation in core brands since taking over the 126-year-old company in 2017.
The Hershey Company Reese's Pieces are a peanut butter candy manufactured by The Hershey Company; they are oblate spheroid in shape and covered in candy shells that are colored yellow, orange, or brown.
The Hershey Company About REESE'S Peanut Butter Cups The Hershey Company supplied H.B. Reese with the chocolate coating for his candy and maintained a close relationship with him throughout his candy ventures. In 1956, his six sons took over the business and eventually sold it to The Hershey Company in 1963.
The Hershey Company
The original Hershey's chocolate factory, 1976 | |
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Revenue | US$8.0 billion (2019) |
Operating income | US$1.275 billion (2019) |
Net income | US$1.5 billion (2019) |
Total assets | US$8.140 billion (2019) |