Reese's Peanut Butter Cups

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Reese's
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Reese's Peanut Butter Cup consists of smooth peanut butter filling enveloped in Hershey's chocolate.
Product type Chocolate
Owner The Hershey Company
Produced byThe Hershey Company
CountryUnited States
IntroducedNovember 15, 1928;95 years ago (1928-11-15) [1]
Related brands
MarketsWorldwide
Previous owners
Website hersheyland.com/reeses

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 more than $2 billion in annual sales. [5]

Contents

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]

As of October 2017, 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

A trio of different sized cups. Starting from the left: mini, regular and big cup. Reeses-PB-Cups-Size-Trio.jpg
A trio of different sized cups. Starting from the left: mini, regular and big cup.

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]

A packet of Peanut Butter Cups Reese's-PB-Cups-Wrapper-Small.png
A packet of Peanut Butter Cups

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 0.75 ounces (21 g) cup since 2001 (originally a 0.9 ounces (26 g) size, reduced to 0.8 ounces (23 g) in 1991), the "King Size" four-pack introduced in the early 1980s is a 0.7 ounces (20 g) cup (originally a 0.8 ounces (23 g) cup until 1991) and the "Lunch" eight-pack is a 0.55 ounces (16 g) cup. "Large Size" packs of three 0.7 oz cups, as well as bags containing 0.6 ounces (17 g) 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." [45]

Reese's was an associate sponsor of NASCAR Cup Series drivers Mark Martin (1994) and Kevin Harvick (2007–2010). [46]

See also

Related Research Articles

<span class="mw-page-title-main">The Hershey Company</span> American food company

The Hershey Company, often called just Hershey or Hershey's, is an American multinational confectionery company headquartered in Hershey, Pennsylvania, United States, which is also home to Hersheypark and Hershey's Chocolate World. The Hershey Company is one of the largest chocolate manufacturers in the world; it also manufactures baked products, such as cookies and cakes, and sells beverages like milkshakes, as well as other products. The Hershey Company was founded by Milton S. Hershey in 1894 as the Hershey Chocolate Company, originally established as a subsidiary of his Lancaster Caramel Company. The Hershey Trust Company owns a minority stake but retains a majority of the voting power within the company.

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<span class="mw-page-title-main">York Peppermint Pattie</span> Peppermint confection made by Hershey

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<span class="mw-page-title-main">Reese's Pieces</span> Peanut butter candy

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Butterfinger is a candy bar manufactured by the Ferrara Candy Company, a subsidiary of Ferrero, Nestlé. It consists of a layered crisp peanut butter core covered in a "chocolatey" coating. It was invented by Otto Schnering of the Curtiss Candy Company in 1923. A popularity contest chose the name.

<span class="mw-page-title-main">Hershey's Kisses</span> Chocolate candy brand manufactured by the Hershey Company

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<span class="mw-page-title-main">Peanut butter cup</span> Chocolate-coated peanut butter confection

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<span class="mw-page-title-main">Reese's Take 5</span> Candy bar made by The Hershey Company

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Further reading