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18.02.25 - 16:42
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Hershey Reaffirms FY25 Earnings Outlook (AFX)
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WASHINGTON (dpa-AFX) - Hershey Co. (HSY) Tuesday reaffirmed earnings outlook for 2025 and said it will review growth strategies.For the full year 2025, the company expects net sales growth of at l......
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06.02.25 - 13:18
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Hershey Co. Q4 Profit Increases, Beats Estimates (AFX)
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WASHINGTON (dpa-AFX) - Hershey Co. (HSY) announced a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.The company's bottom line totaled $79......
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08.11.24 - 16:07
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Hershey Cuts Full-Year Sales Outlook As Americans Dial Back On Snack Consumption (ZeroHedge)
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Hershey Cuts Full-Year Sales Outlook As Americans Dial Back On Snack Consumption
Cash-strapped consumers had no joy and happiness in the third quarter as they dialed back spending on chocolate and salty snacks produced by Hershey Co. The company slashed its net sales growth and earnings outlook after consumers balked at rising retail snack prices due to soaring cocoa costs.
Hershey reported third-quarter adjusted earnings per share of $2.34, missing the $2.56 forecast held by analysts tracked by Bloomberg. Salty snack sales in the quarter plummeted in the US, while candy sales were marginally higher.
Here's a snapshot of the third quarter results:
Adjusted EPS $2.34 vs. $2.60 y/y, estimate $2.56
Net sales $2.99 billion, -1.4% y/y, estimate $3.07 billion
North America confectionery net sales $2.48 billion, +0.8% y/y, estimate $2.53 billion
North America salty snacks net sales $291.8 million, -15% y/y, estimate $313.9 million
International net sales $218.4 million, -3.9% y/y, estimate ...
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07.11.24 - 13:13
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Hershey Co. Q3 Profit Decreases, Misses Estimates (AFX)
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WASHINGTON (dpa-AFX) - Hershey Co. (HSY) released earnings for third quarter that decreased from last year and missed the Street estimates.The company's earnings came in at $446.30 million, or $2.......
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