Hershey Stock Sinks, Rising Costs and Weak Demand Take a Toll [Yahoo! Finance]
The Hershey Company (HSY)
Last the hershey company earnings: 4/23 07:00 am
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US:NYSE Investor Relations:
thehersheycompany.com/en_us/investors.html
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Source: Yahoo! Finance
As a result, the stock has dropped 13.9% over the past three months, underperforming both the broader industry and the Zacks Consumer Staple sector, which saw declines of 11% and 5.4%, respectively. In contrast, the S&P 500 has gained 11.1% during the same period. With these hurdles in mind, investors are questioning Hershey's prospects as they weigh the factors behind its recent struggles. The most significant factor weighing on Hershey's performance is the weaker-than-expected consumer demand. Total snacking consumption softened in the third quarter of 2024 as people prioritized value and budgeted for meals. Consumer behavior has shifted toward value-seeking due to economic pressures, prioritizing budgets for essentials, which has reduced foot traffic to convenience and drug stores where Hershey's brands are over indexed. The shift in consumer shopping habits toward club stores, dollar stores and online channels —areas where Hershey has less presence — is adding to the company's
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HSY
News
- Here's Why Hershey (HSY) Gained But Lagged the Market Today [Yahoo! Finance]Yahoo! Finance
- Cocoa Soars to Fresh Record in Blow to World's Chocolate Supply [Yahoo! Finance Canada]Yahoo! Finance Canada
- Cocoa Soars to Fresh Record in Blow to World's Chocolate Supply [Yahoo! Finance]Yahoo! Finance
- Why Was Hershey Stock on a Roller Coaster Ride Last Week? [Yahoo! Finance]Yahoo! Finance
- No, Robert F. Kennedy Jr. hasn't announced a Hershey's chocolate ban | Fact check [USA TODAY]USA TODAY
HSY
Earnings
- 11/7/24 - Miss
HSY
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/11/24 - Form 4
- HSY's page on the SEC website