HERSHEY, Pa., May 3, 2024 /PRNewswire/ -- The Board of Directors of The Hershey Company (NYSE: HSY) today announced quarterly dividends of $1.370 on the Common Stock and $1.245 on the Class B Common Stock.  The dividends were declared May 2, 2024, and are payable June 14, 2024, to stockholders of record as of May 17, 2024.  It is the 377th consecutive regular dividend on the Common Stock and the 158th consecutive regular dividend on the Class B Common Stock. SOURCE The Hershey Company ...

Exhibit 99.1 FINANCIAL CONTACT: MEDIA CONTACT: Melissa Poole Allison Kleinfelter mpoole@hersheys.com akleinfelter@hersheys.com Hershey Reports First-Quarter 2024 Financial Results; Reaffirms 2024 Net Sales and Earnings Outlook HERSHEY, Pa., May 3, 2024 - The Hershey Company (NYSE: HSY) today announced net sales and earnings for the first quarter ended March 31, 2024, and reaffirmed its 2024 net sales and earnings outlook. "We are off to a strong start and remain on track to deliver our business strategies a ...

Although the demand for inflation-resistant stocks has fallen in the past six to 12 months as consumer prices have moderated, JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon isn’t convinced inflation has gone the way of the dodo bird. “Many key economic indicators today continue to be good and possibly improving, including inflation. But when looking ahead to tomorrow, conditions that will affect the future should be considered. For example, there seems to be a large number of persistent inflationary pressures, w ...

Investors are always looking for stocks that are poised to beat at earnings season and The Hershey Company (HSY) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Hershey is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good in ...

As The Hershey Company (HSY) prepares to release its first-quarter 2024 earnings results on May 3, before market open, investors are evaluating the potential opportunities and risks tied to the company. Despite Hershey’s enticing investment profile, underpinned by a strong brand portfolio, customer-centric innovations, pricing leverage and financial resilience, it comes with its set of uncertainties.Analysts' expectations paint a mixed picture for Hershey’s upcoming release, with the Zacks Consensus Estimat ...

Wall Street analysts expect Hershey (HSY) to post quarterly earnings of $2.72 per share in its upcoming report, which indicates a year-over-year decline of 8.1%. Revenues are expected to be $3.12 billion, up 4.3% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahead ...

Investors are closely watching how major chocolate manufacturers Hershey and Mondelez International will address the recent sharp increases in cocoa and sugar prices as they release their first-quarter results this week.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Both companies have faced elevated costs over the past several quarters, partly mitigating these through consumer price hikes. Challenges posed by cocoa price surge and crop issuesCopy li ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yie ...

Hershey (HSY) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 3. On the oth ...

The latest trading session saw Hershey (HSY) ending at $184.86, denoting a +1.32% adjustment from its last day's close. This move outpaced the S&P 500's daily loss of 0.22%. Elsewhere, the Dow gained 0.06%, while the tech-heavy Nasdaq lost 0.52%.Prior to today's trading, shares of the chocolate bar and candy maker had lost 7.87% over the past month. This has lagged the Consumer Staples sector's loss of 3.79% and the S&P 500's loss of 1.66% in that time.Market participants will be closely following the finan ...