Drop anchor and discover Pirate's Booty®, a collection of deliciously baked snacks made with real, tasty ingredients that are easy to pronounce and even easier to enjoy!
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Hershey’s announced plans to sell off once high-flying jerky brand KRAVE, along with artisan chocolate brands Scharffen Berger and Dagoba, during a quarterly earnings call that reflected a few months of dramatically-shifting consumer habits toward the confection company’s chocolate products.
Hershey’s Q4 earnings call today reviewed the company’s savory snack strategy, the success of its most recent acquisition — low-sugar, high-protein bar company ONE Brands — and what the company has learned from jerky brand KRAVE not reaching expectations.
This week several major strategics held their third quarter earnings calls. Although certainly on a different scale than the average food company’s quarterly recap, the calls provide a look inside to how some of the biggest companies in the industry are thinking about key topics such as acquisitions and new category focuses.
Hershey’s is taking another bite out of the snack set, announcing on Wednesday the acquisition of the Pirate Brands business from B&G Foods for $420 million. The acquisition is another step by Hershey to broaden its offerings, moving further afield from confection and deeper into the snack aisle.
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