Reese's Peanut Butter Cups Explained

Reese's
Type:Chocolate
Currentowner:The Hershey Company
Producedby:The Hershey Company
Previousowners:
Origin:United States
Introduced:[2]
Related:
Markets:Worldwide

Reese's Peanut Butter Cups are an American candy by the Hershey Company consisting of a peanut butter filling encased in chocolate. They were created on November 15, 1928,[3] by H. B. Reese, a former dairy farmer and shipping foreman for Milton S. Hershey. Reese was let go from his job with Hershey when the Round Barn which he managed was shut down for cost-saving measures. He subsequently decided to start his own candy business.[4] Reese's are a top-selling candy brand worldwide, with $3.1 billion in annual sales.[5]

History

The H.B. Reese Candy Company was established in 1923 by H. B. Reese in Hershey, Pennsylvania.[6] The official product name was "Penny Cups" because they could be purchased for one cent.[7] Reese had originally worked at a Hershey dairy farm, and from the start, he used Hershey chocolate in his confections. Reese's Peanut Butter Cups were his most popular candy, leading Reese to eventually discontinue his other lines.[8] Reese died in 1956, passing the company to his six sons, Robert, John, Ed, Ralph, Harry, and Charles Richard Reese.[9] On July 2, 1963, the Reese brothers merged the H. B. Reese Candy Company with the Hershey Chocolate Corporation in a tax-free stock-for-stock merger. In 1969, Reese's Peanut Butter Cups became the Hershey Company's top seller.[10]

The H.B. Reese Candy Company is maintained as a subsidiary of Hershey because the Reese plant workforce is not unionized, unlike the main Hershey plant. In 2012, Reese's was the best-selling candy brand in the United States with sales of $2.603 billion, and was the fourth-best-selling candy brand globally with sales of $2.679 billion—only $76 million (2.8%) of its sales were from outside the United States market. Additionally, the H.B. Reese Candy Company manufactures the Kit Kat in the United States, which had 2012 U.S. sales of $948 million.[11]

, in the U.S. convenience store channel, Reese's was the largest confection brand by far: It was 62% larger than the next brand, with more households purchasing Reese's products than any other confection brand across the United States. Reese's includes the overall top-selling confection item—the Reese's Peanut Butter Cups King Size—as well as six of the top 20 chocolate/non-chocolate items. Additionally, the Reese's brand accounts for over 47% of all seasonal sales within the U.S. convenience store channel, including the top two items in the largest four commercial seasons: Valentine's, Easter, Halloween, and Christmas. As a comparison, the next largest brand accounts for only 10% of seasonal sales.[12] In 2024, the Reese brothers' original 666,316 shares of Hershey common stock represent 16 million Hershey shares valued at over $4.4 billion that pay annual cash dividends of $87.6 million.[13] [14] [15]

Variations

Hershey's produces variations and "limited editions" of the candy that have included:[16]

Size variations

Filling variations

Coating variations

Coating and filling variations

Holiday editions

During the seasons when retailers offer holiday-themed candies, Reese's Peanut Butter candies are available in various shapes that still offer the standard confection theme of the traditional Reese's cup (peanut butter contained in a chocolate shell). They are sold in a 6-pack packaging configuration but are usually available individually. Although exterior packaging is altered to reflect the theme of the representative holiday, the actual holiday itself is never presented.[26]

Other products

Marketing and advertising

In the United States, Reese's Peanut Butter Cups typically come in packs of 2, 4, 5, 10 or 20 in distinctive orange packaging, set on thin but rigid paperboard trays. The "Classic" two-pack is a 0.75oz cup since 2001 (originally a 0.9oz size, reduced to 0.8oz in 1991), the "King Size" four-pack introduced in the early 1980s is a 0.7oz cup (originally a 0.8oz cup until 1991) and the "Lunch" eight-pack is a 0.55oz cup. "Large Size" packs of three 0.7 oz cups, as well as bags containing 0.6oz cups, are also available. Reese's Miniatures come in various bag sizes and foil colors for seasonal themes like red, gold and green for the Christmas holiday season. In Canada, they at one point were packaged as Reese Peanut Butter Cups, but were still widely referred to by their American name. [43] The possessive name is recognized only in English grammar, so it was removed to make the name bilingual in Canada. Previously packaged in a two pack, they now come in a standard pack of three 0.55 oz. cups or the king-size variation with four cups. In the United Kingdom and Ireland, they were originally available only in two-packs, though are now available in three-packs, five-packs and miniatures. In 2008, Reese's Peanut Butter Cups were made available in Europe by Hydro Texaco and 7-Eleven. In Australia, Reese's products can be found in many specialty candy stores, as well as from American stores such as Costco.

In the 1970s and 1980s, a series of commercials were run for Reese's Peanut Butter Cups featuring situations in which two people, one eating peanut butter and one eating chocolate, collided. One person would exclaim, "You got your peanut butter on my chocolate!" and the other would exclaim, "You got your chocolate in my peanut butter!" They would then sample the mixture and remark on the great taste, tying in with the slogan "Two great tastes that taste great together."[44]

In the 1990s, the product's slogan was: "There's no wrong way to eat a Reese's."

Reese's was an associate sponsor of NASCAR Cup Series drivers Mark Martin (1994) and Kevin Harvick (2007–2010).[45]

Reese's sponsor the replay feature on the television broadcasts of the AHL Hershey Bears.

See also

Further reading

Notes and References

  1. News: H.B. Reese Made A Sweet Business Out Of Quality Candy . Investor's Business Daily . January 21, 2015 . March 17, 2018.
  2. News: The Fascinating Rise Of Reese's Peanut Butter Cups . . June 30, 2013 . March 17, 2018.
  3. Web site: Reese's Peanut Butter Cups. 20 August 2021.
  4. Web site: Reese Candy Company . Hershey Community Archives . March 17, 2018. He enjoyed enough success to quit his steady job in the factory and set out to “make a living” by making candy..
  5. Web site: Hershey 2024 Annual Stockholder Meeting. The Hershey Company. May 6, 2024 . July 30, 2024.
  6. News: H.B. Reese Made A Sweet Business Out Of Quality Candy . Investor's Business Daily . January 21, 2015 . July 25, 2019.
  7. Web site: Monette Roberts . Anna . 7 Things You Never Knew About Reese's, Straight From an Employee . POPSUGAR Food . Popsugar . 12 October 2020 . 20 August 2017.
  8. News: The H.B. Reese Candy Company Story. BradReeseCom. 20 October 2017. Lebanon Daily News. June 9, 1956.
  9. Web site: H.B. Reese Death Announcement . BradReeseCom . 20 October 2017.
  10. Web site: Was it Hershey or Reese That Made Peanut Butter Cups Great?. Atlas Obscura . October 27, 2016 . March 8, 2018.
  11. News: Snickers Surging to Top of Global Candy Race . Ad Age . September 20, 2012 . June 18, 2018.
  12. Web site: REESE'S - An Indulgent C-Store Driver. The Hershey Company. https://web.archive.org/web/20181021232127/https://www.thehersheycompany.com/en_us/news-center/blog/reeses-an-indulgent-cstore-driver.html. 21 October 2018. 17 October 2021.
  13. Web site: Stock Split History . The Hershey Company . July 25, 2019.
  14. Web site: The 1963 Reese/Hershey Merger Closing Agenda . BradReeseCom . 2013-10-11.
  15. News: Hershey Raises Quarterly Dividends . Hershey Company . February 8, 2024 . February 8, 2024.
  16. Web site: Reese's product listing . 2008-05-09 . dead . https://web.archive.org/web/20101114111957/http://www.hersheys.com/reeses/products.aspx#/REESE’S-Peanut-Butter-Cups . 2010-11-14 .
  17. Web site: Products – Hershey Community Archives . Hershey Archives . 12 October 2020.
  18. Web site: Morillo. Alexis. 14 January 2020. You Can Now Buy Reese's Thins In White Crème And It's All We're Eating. Delish.
  19. Web site: World's Largest REESE'S Peanut Butter Cups.
  20. News: Reese's Launches New Peanut Butter Cups Filled with Crunchy Chocolate Bits . . Sha Spence. 9 March 2017 . 22 March 2017.
  21. Web site: Louis. Nancy. 17 March 2017. Correcting And Replacing – The Mystery Is Solved: Reese's Crunchy Cookie Cup To Launch This May. 12 October 2020. Global Brands Magazine.
  22. Web site: Reese's Has New Marshmallow Peanut Butter Cups Coming This Spring . 2022-08-26 . Peoplemag . en.
  23. Web site: Reese's Cups Elvis Peanut Butter & Banana Creme - 24 / Case. 12 October 2020. www.candyfavorites.com. en.
  24. Web site: Fitzpatrick. Caitlyn. 25 March 2019. Reese's Chocolate Lovers and Peanut Butter Lovers Cups Are Hitting Stores Soon. 12 October 2020. Best Products.
  25. Web site: Dark Chocolate Reese's Peanut Butter Cups - Candy Blog. www.candyblog.net.
  26. Web site: Reese's Seasonal Products. hersheys.com. 2011-12-07. dead. https://web.archive.org/web/20120111143600/http://www.hersheys.com/reeses/recipes-and-ideas/seasonal/products.aspx. 2012-01-11.
  27. http://thetimestribune.com/editorials/x237733674/Are-you-a-Cadbury-Cr-me-or-Reese-s-Peanut-Butter-Egg#sthash.k7B5afDj.dpuf Are you a Cadbury Crème or Reese’s Peanut Butter Egg?
  28. Web site: Pham. Peter. Hershey's New Halloween Sweets Include Reese's Eyeballs and White Pumpkins. 12 October 2020. www.foodbeast.com. en.
  29. Web site: Dawn. Randee. Reese's is making its 1st peanut butter cup in color. 12 October 2020. TODAY.com. TODAY. en.
  30. Web site: Cox. Dan. Seriously, people are upset this year's Reese's Peanut Butter Christmas Trees don't look enough like Christmas trees. Inquistr. 27 November 2015. 28 Nov 2015.
  31. http://voices.yahoo.com/reeses-peanut-butter-cups-worlds-largest-5034226.html Reese's Peanut Butter Cups: World's Largest at Yahoo Voices
  32. Web site: Hershey's holiday lineup features new kind of Reese's Cups, Grinch Kisses. 2021-11-04.
  33. Web site: Introducing Reese's Crispy Crunchy Bar. 2011-02-12. 2011-03-04. https://web.archive.org/web/20110304052736/http://www.csdecisions.com/2010/07/12/introducing-reese39s-crispy-crunchy-bar/. dead.
  34. Web site: Reese's Fast Break - Candy Blog . www.candyblog.net.
  35. Web site: 25 best candy bars of all time . 26 June 2021 .
  36. Web site: The Sidekick and the Fast Break – A Dual-Identity Bar! . 16 April 2013 .
  37. Web site: What does reese's fast break mean? .
  38. Web site: Vegan version of Reese's Peanut Butter Cups to go on sale this month . 2023-03-11 . NBC News . en.
  39. Web site: REESESTICKS ARE INTRODUCED. 9 March 1998.
  40. Web site: Reese's Sticks - Candy Blog . www.candyblog.net.
  41. Web site: Colosseum kino solgte genmodifisert sjokolade. Christian Sørgjerd. journalist. Aftenposten. 7 May 2015 .
  42. Web site: Review mentioning new candy bar. 2011-02-12.
  43. Web site: Scott . Michael Dot ScottMichael Dot . In Canada Reese's is Called 'Reese' and Come Standard in Packs of Three [Video] ]. 2022-06-22 . 97.3 The Dawg . en.
  44. Web site: You Got Peanut Butter In My Chocolate!. 2021-11-08. www.bbcmag.com. en.
  45. Web site: 2002-10-12. Hershey's to give associate backing for Harvick.. 2021-11-08. Crash. en.