Chief Executive Officer +7.6% 10% $1.4B +25% +5.7% +9pts Net Sales CAGR Salty Snacks % Capex Capacity Net Sales Segment of 2023 Revenue CAGR Margin Chg. 2019 - 2023 2019 - 2023 2019 - 2023 ...

Cocoa prices just hit a record high of nearly $5,800 per ton. All thanks to supply concerns, and an outbreak of cacao swollen shoot virus, which can decrease cacao yield, and has already compromised a good chunk of supply. Ghana and Nigeria are seeing dry weather conditions, which threatens soil moisture levels, and production yield. This backdrop has led to this list of stocks to avoid.“Cocoa futures have skyrocketed, doubling in the past year and surging 40% since January; sugar, labor, and other factors ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to_______ Commission file number 1-183 THE HERSHEY COMPANY (Exact name of registrant as specified in its charter) Delaware 23-0691590 (State or other jurisdiction of in ...

Key PointsHershey's stock is down as the company wrestles with high cocoa prices and a decline in popcorn sales. The company is expected to execute pricing and merchandising strategies to increase margins, with the biggest gains in the second half of the year. The core business is solid, and long-term investors can use this pullback as an opportunity to buy the dip.  5 stocks we like better than HersheyShares of The Hershey Company NYSE: HSY are down about 7% following the company's mixed earnings report on ...

Cocoa prices have reached their highest levels on record, just in time for one of the biggest chocolate-buying holidays of the year: Valentine’s Day.  “It’s all on the supply side,” said John Caruso, senior market strategist at RJO Futures, with cocoa up more than 110% year over year. “The chart has gone completely parabolic on a monthly scale” which is to say at the least, “very impressive,” he told MarketWatch.May cocoa futures CCK24, +0.66% CC00, +0.66% settled at $5,583 per metric ton on the ICE Futures ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

On Thursday, shares of Hershey (HSY 4.14%) gained 4.1%, following the confectionary and snack-food giant's release of its fourth-quarter 2023 report.The company behind such brand favorites as its namesake brand, Reese's, and Twizzlers posted quarterly results that Wall Street characterizes as "mixed." Revenue slightly missed the analyst consensus estimate, while earnings exceeded it. But there was nothing even semisweet about management's full-year 2024 guidance: Both the top and bottom lines were below the ...

Hershey announced layoffs Thursday after reporting its quarterly earnings were hit by the soaring cost of cocoa and inflation-weary shoppers who cut back on the company’s expensive chocolates and candies.The Pennsylvania-based company said it would slash 5% of its workforce, resulting in as much as $60 million in severance costs.It wasn’t immediately clear how many jobs among the company’s workforce of roughly 18,075 full-time and nearly 2,000 part-time staffers would be affected, or what teams would be im ...

The Hershey Company (HSY) has delivered fourth-quarter 2023 results, with the bottom line remaining flat year over year. While earnings beat the Zacks Consensus Estimate, revenues missed the same.The company is navigating a challenging market, with a focus on innovation and consumer trends, despite facing cost pressures from high cocoa prices. It is optimistic about driving growth through marketing, innovation and brand investment. Additionally, Hershey is prioritizing productivity and transformation to enh ...

The Hershey Company. (NYSE:HSY) Q4 2023 Earnings Conference Call February 8, 2024 8:30 AM ET Company Participants Melissa Poole - VP, IR Michele Buck - Chairman and CEO Steve Voskuil - SVP and CFO Conference Call Participants Andrew Lazar - Barclays Ken Goldman - JPMorgan Max Gumport - BNP Paribas Bryan Spillane - Bank of America Alexia Howard - Bernstein Pamela Kaufman - Morgan Stanley Robert Moskow - TD Cowen Michael Lavery - Piper Sandler Tom Palmer - Citi Chris Carey - Wells Fargo Securities Rob Dickers ...