Hershey Results, Outlook Hurt by High Cocoa Prices and Soft Consumer Demand [Yahoo! Finance]
The Hershey Company (HSY)
Last the hershey company earnings: 4/23 07:00 am
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Source: Yahoo! Finance
Two of the candy and snacks maker's three units posted sales declines. Hershey also reduced its full-year forecast. Hershey Co. ( HSY ) Thursday posted lower-than-estimated third-quarter results on soaring cocoa prices and weak consumer spending and also lowered its projections for sales and earnings for the year. The maker of its eponymous candy bars and Kisses reported quarterly adjusted earnings per share (EPS) of $2.34, with revenue falling 1.4% to $2.99 billion. Both were short of forecasts. Hershey reduced its full-year sales outlook to “flat” from the previous 2% gain. It sees adjusted EPS growth “down mid-single-digits" percent compared to the earlier “down slightly.” Chief Executive Officer (CEO) Michele Buck said the company's year-to-date results “have been affected by historically high cocoa prices and a challenging consumer environment.” "Our priorities are to drive top-line and market share growth by winning in-store with key customers, expanding our chocola
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HSY
Earnings
- 11/7/24 - Miss
HSY
Sec Filings
- 11/18/24 - Form 144
- 11/13/24 - Form SC
- 11/12/24 - Form SC
- HSY's page on the SEC website