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Stockreport

Hershey trims annual forecast as higher prices dent demand [Yahoo! Finance Canada]

The Kraft Heinz Company (KHC)  More Company Research Source: Yahoo! Finance Canada
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
WHY IS IT IMPORTANT? Chocolatiers, including Hershey, have raised prices to maintain profit margins amid rising raw material costs, particularly cocoa leading to a consumer pushback. Additionally, shifting trends, including a generational pivot to non-chocolate confections, have eroded the Pennsylvania-based company's chocolate-dependent sales. MARKET REACTION Shares of the Jolly Rancher-owner fell about 2.5% in premarket trading. CONTEXT Packaged food peer Kraft Heinz also cut its annual forecast last Thursday, despite a third-quarter profit beat, as consumers shifted to cheaper, private-label alternatives. Hershey aims to generate $300 million in savings by 2026 through cost-cutting measures and price hikes to offset rising cocoa prices and boost margin growth. KEY QUOTE "While year-to-date results have been affected by historically high cocoa prices and a challenging consumer environment, we are laser-focused on controlling what we can," CEO Michele Buck said. [Read more]
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Stockreport

Hershey trims annual forecast as higher prices dent demand [Yahoo! Finance Canada]

The Kraft Heinz Company  (KHC) 
More Company Research Source: Yahoo! Finance Canada
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
WHY IS IT IMPORTANT? Chocolatiers, including Hershey, have raised prices to maintain profit margins amid rising raw material costs, particularly cocoa leading to a consumer pushback. Additionally, shifting trends, including a generational pivot to non-chocolate confections, have eroded the Pennsylvania-based company's chocolate-dependent sales. MARKET REACTION Shares of the Jolly Rancher-owner fell about 2.5% in premarket trading. CONTEXT Packaged food peer Kraft Heinz also cut its annual forecast last Thursday, despite a third-quarter profit beat, as consumers shifted to cheaper, private-label alternatives. Hershey aims to generate $300 million in savings by 2026 through cost-cutting measures and price hikes to offset rising cocoa prices and boost margin growth. KEY QUOTE "While year-to-date results have been affected by historically high cocoa prices and a challenging consumer environment, we are laser-focused on controlling what we can," CEO Michele Buck said. [Read more]
IMPACT SNAPSHOT
EVENT TIME:
KHC
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS