The Hershey Company (HSY) reported dismal third-quarter 2024 results, with the top and bottom lines declining year over year. Quarterly earnings and net sales missed the Zacks Consensus Estimate. HSY is navigating a challenging consumer environment and high cocoa prices, which continue to affect its performance. The company has revised its outlook for the year, lowering expectations for net sales growth and adjusted earnings per share (EPS). HSY’s shares were down 3.5% in the pre-market trading session on T ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

The Hershey Company (NYSE:HSY) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Anoori Naughton - Senior Director, Investor Relations Michele Buck - Chairman & Chief Executive Officer Steve Voskuil - Senior Vice President & Chief Financial Officer Conference Call Participants Ken Goldman - JPMorgan Andrew Lazar - Barclays Peter Galbo - Bank of America Alexia Howard - Bernstein Robert Moskow - TD Cowen Michael Lavery - Piper Sandler Tom Palmer - Citi Max Gumport - BNP Paribas ...

Hershey (HSY) reported $2.99 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 1.4%. EPS of $2.34 for the same period compares to $2.60 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.07 billion, representing a surprise of -2.79%. The company delivered an EPS surprise of -6.40%, with the consensus EPS estimate being $2.50.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Hershey (HSY) came out with quarterly earnings of $2.34 per share, missing the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $2.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.40%. A quarter ago, it was expected that this chocolate bar and candy maker would post earnings of $1.44 per share when it actually produced earnings of $1.27, delivering a surprise of -11.81%.Over the last four quarters ...

Exhibit 99.1 FINANCIAL CONTACT: MEDIA CONTACT: Anoori Naughton Allison Kleinfelter anaughton@hersheys.com akleinfelter@hersheys.com Hershey Reports Third-Quarter 2024 Financial Results; Updates 2024 Net Sales and Earnings Outlook HERSHEY, Pa., November 7, 2024 - The Hershey Company (NYSE: HSY) today announced net sales and earnings for the third quarter ended September 29, 2024 and updated its 2024 net sales and earnings outlook. "We believe in the resiliency of our snacking categories and the strength of o ...

HERSHEY, Pa., Nov. 7, 2024 /PRNewswire/ -- The Hershey Company (NYSE: HSY) today announced net sales and earnings for the third quarter ended September 29, 2024 and updated its 2024 net sales and earnings outlook."We believe in the resiliency of our snacking categories and the strength of our brands," said Michele Buck, The Hershey Company President and Chief Executive Officer. "While year-to-date results have been affected by historically high cocoa prices and a challenging consumer environment, we are las ...

The Hershey Company (HSY) is likely to register top-line growth when it reports third-quarter 2024 earnings on Nov. 7. The Zacks Consensus Estimate for revenues is pegged at $3.1 billion, which indicates a 1.4% increase from the year-ago level.However, the consensus mark for quarterly earnings has moved down 1.6% in the past seven days to $2.50 per share, indicating a decline of 3.9% from the year-ago reported figure. HSY has a trailing four-quarter earnings surprise of 2.3%, on average.Stay up-to-date with ...

Following the herd can be a dangerous game on Wall Street. It could be time to think outside the box.For most people, it's easier to follow a crowd than to go against what everyone else is doing. That's why some stocks tend to trade in one direction (usually up) for an extended time, depending on how enthused the broader investing community feels at any given time. For Costco Wholesale (COST 1.00%), this follow-the-crowd mentality has worked out well for several years now. Crowd enthusiasm has helped the st ...

Well, we just heard our doorbells ring finding at our footsteps children and adults asking us on what side of the deal we would be: trick or treat? While we all had fun and enjoyed our share of candyI focus on long term growth and dividend growth investing. I follow both the US and the European stock markets, looking for undervalued stock and/or for high quality dividend growing companies that provide me with cash to reinvest. Over time, I have come to realize that profitability is a much safer driver of ga ...