Hershey Corp. HSY, -0.27% reported a fourth-quarter earnings beat before market open Thursday, although shares fell 3% in premarket trades, weighed down by weaker-than-expected sales and guidance. The chocolate and salty snacks company reported net income of $349 million, or earnings of $1.70 a share, compared with net income of $396 million, or earnings of $1.92 a share, in the prior year’s quarter. The company’s adjusted earnings were $2.02 a share, flat from the prior year’s quarter. Analysts surveyed b ...

HERSHEY, Pa., Feb. 8, 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, an increase of 15% or $0.178 and $0.162 per share, respectively.  The dividends were declared February 7, 2024, and are payable March 15, 2024, to stockholders of record as of February 20, 2024. It is the 376th consecutive regular dividend on the Common Stock and the 157th consecutive regular dividend on ...

gsheldon/iStock Editorial via Getty Images I recently saw the new Willy Wonka movie and I wished that as I was watching it I could enjoy a delicious bar of chocolate, and then it hit me...what if I could not only enjoy a great piece of chocolate but also enjoy the wonders of owning one of the most recognizable chocolate brands in the world? In the LTM, Hershey's (NYSE:HSY) stock has fallen approximately -14.60% while the consumer staples sector (XLP) has risen almost by 3.70% in the same time frame. Data by ...

We are just days from Super Bowl 58. More than 50 advertisers will be in this year’s big game, with a 30-second commercial costing approximately $7 million. Super Bowl stocks don’t spend this money if management isn’t convinced the payback will be greater than the investment. Over the years, sports and non-sports fans have sat down to watch the big game, many just to see the commercials. Ironically, the ads have become so popular that some get released before Super Bowl Sunday. Thank goodness for that. I li ...

The Hershey Company (HSY) is likely to register top-line growth when it reports fourth-quarter 2023 earnings on Feb 8. The Zacks Consensus Estimate for revenues is pegged at $2.7 billion, suggesting an increase of 2.8% from the prior-year quarter’s reported figure.The consensus mark for quarterly earnings has decreased around 1% in the past 30 days to $1.95 per share, which indicates a decline of 3.5% from the year-ago quarter’s reported figure. HSY has a trailing four-quarter earnings surprise of 9%, on av ...

Wall Street analysts forecast that Hershey (HSY) will report quarterly earnings of $1.95 per share in its upcoming release, pointing to a year-over-year decline of 3.5%. It is anticipated that revenues will amount to $2.73 billion, exhibiting an increase of 2.8% compared to the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their ...

The market expects Hershey (HSY) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 8, 2024, might help the stock move higher if these key numbers are be ...

Retail stocks did particularly well during the COVID-19 pandemic as fiscal stimulus contributed to higher consumer savings rates. Increased spending artificially boosted demand as stay-at-home orders persisted. Fast forward a few years later and the economic landscape looks much different. The economy is now recovering from a prolonged period of inflation and higher interest rates. This has affected consumer spending patterns, with a majority going toward food, shelter and transportation. However, the Feder ...

In the latest market close, Hershey (HSY) reached $192.79, with a +1.36% movement compared to the previous day. The stock's change was more than the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.The chocolate bar and candy maker's shares have seen an increase of 2.02% over the last month, not keeping up with the Consumer Staples sector's gain of 4.52% and the S&P 500's gain of 2.5%.Market participants will be closely following the financial r ...

Not every stock rose last year. Consider these four -- Nike (NKE 1.97%), MarketAxess (MKTX 1.15%), Paycom Software (PAYC 0.53%), and The Hershey Company (HSY 0.45%) -- which fell between 10% and 42% in 2023. That stands in stark contrast to the S&P 500 index's 23% rise. Despite these worrying drops, nothing changed dramatically for the worse regarding any of the four dividend growers' operations. This disconnect between declining share prices and each company's leadership position in its niche may create op ...