Exhibit 99.1 FINANCIAL CONTACT: MEDIA CONTACT: Anoori Naughton Allison Kleinfelter anaughton@hersheys.com akleinfelter@hersheys.com Hershey Reports Fourth-Quarter and Full-Year 2024 Financial Results; Provides 2025 Outlook HERSHEY, Pa., February 6, 2025 - The Hershey Company (NYSE: HSY) today announced net sales and earnings for the fourth quarter and full-year ended December 31, 2024. "I am pleased to see the consumer response to our agile innovation, marketing and in-store execution as we end the year wit ...

Core Insights - The Hershey Company reported a strong performance in Q4 2024, with consolidated net sales increasing by 8.7% to $2,887.5 million, and organic, constant currency net sales rising by 9.0% [10][13] - The company anticipates challenges in 2025 due to rising cocoa prices, projecting a reported earnings per share decline in the high-40% range, while adjusted earnings per share is expected to decrease in the mid-30% range [5][6] Financial Performance - Q4 2024 reported net income was $796.6 million, or $3.92 per share-diluted, marking a 130.6% increase year-over-year [10][42] - For the full year 2024, consolidated net sales reached $11,202.3 million, a slight increase of 0.3% compared to 2023 [10][42] - The company’s reported gross margin improved by 1170 basis points to 54.0% in Q4 2024, driven by derivative mark-to-market gains and net price realization [14][42] Segment Performance - North America Confectionery segment net sales increased by 6.0% to $2,354.2 million in Q4 2024, with organic, constant currency net sales up by 5.9% [20][43] - North America Salty Snacks segment saw a significant net sales increase of 35.9% to $278.9 million, with volume growth driven by inventory timing and promotional events [23][43] - International segment net sales rose by 9.8% to $254.5 million, with double-digit volume growth in key markets [26][43] Cost Management and Outlook - The company expects net sales growth of at least 2% in 2025, primarily from net price realization, but anticipates significant pressure on earnings due to higher commodity costs and tax rates [5][6] - Selling, marketing, and administrative expenses decreased by 5.5% in Q4 2024, reflecting lower compensation costs and reduced technology investments [15][43] - The effective tax rate for Q4 2024 was reported at (10.2)%, a decrease from (9.2)% in the prior year [17][42]

The Hershey Company's (NYSE: HSY ) stock hasn't seen much rest of late. The share price keeps falling. We all thought that after declining by over $100 from its all-time high it seemed to have found a bottom, but in the lastI 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 ...

Core Viewpoint - The Hershey Company (HSY) is expected to report growth in both revenue and earnings for the fourth quarter of 2024, with revenue estimates at $2.85 billion, reflecting a 7.3% increase year-over-year [1]. Revenue and Earnings Estimates - The consensus estimate for earnings per share (EPS) remains at $2.38, indicating a 17.8% increase from the previous year [2]. - The North America Confectionery segment is projected to see a 5.8% sales increase for the fourth quarter [5]. Innovation and Market Strategy - Hershey's brand strength is bolstered by continuous innovation, with products like Reese's Caramel and Reese's Lava leading in their categories [3]. - The company is evolving its marketing organization to better align with consumer needs and is integrating its supply chain to enhance efficiency [4]. Operational Challenges - Hershey faces challenges from high cocoa prices and changing consumer behavior, with a shift towards value-seeking impacting foot traffic in traditional retail channels [6]. - Despite these challenges, improvements in price realization and supply-chain productivity are expected to provide some relief, although a contraction in adjusted gross margin of 160 basis points is anticipated [7]. Earnings Prediction Model - Current models do not predict a definitive earnings beat for Hershey, as it holds a Zacks Rank of 5 (Strong Sell) and an Earnings ESP of -1.52% [8].

In its upcoming report, Hershey (HSY) is predicted by Wall Street analysts to post quarterly earnings of $2.38 per share, reflecting an increase of 17.8% compared to the same period last year. Revenues are forecasted to be $2.85 billion, representing a year-over-year increase of 7.3%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 4.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during thi ...

HERSHEY, Pa., Feb. 3, 2025 /PRNewswire/ -- The Hershey Company (NYSE: HSY) announced today that it will make a presentation at the 2025 Consumer Analyst Group of New York (CAGNY) conference in Orlando, FL, at 1 p.m. ET on Tuesday, February 18, 2025. Michele G. Buck, Chairman, President and Chief Executive Officer, and Steven E. Voskuil, Senior Vice President and Chief Financial Officer, will be the principal speakers for Hershey.The presentation will be webcast live via The Hershey Company corporate website ...

Hershey (HSY -1.90%) is struggling today. One of the biggest problems is inflation, but not the kind that consumers dealt with coming out of the coronavirus pandemic. Cocoa prices are sky-high thanks to some unique dynamics in the cocoa market.Here's why cocoa prices are a near-term issue, but are highly unlikely to derail Hershey over the long term.What's happened to Hershey?Hershey's stock price has plunged more than 45% from the highs it reached in 2023. That's a painful drawdown, but it has pushed the d ...

Core Insights - The Hershey Company is launching a new product, Reese's Chocolate Lava Big Cup, which has generated significant excitement among fans [1][3] - The brand is utilizing the upcoming Big Game to promote this new product through a humorous advertisement featuring a park ranger [3][4] - The company emphasizes fan engagement and plans to enhance its marketing efforts leading up to the Big Game [4][8] Product Launch - Reese's Chocolate Lava Big Cup is available in standard and king sizes at retailers nationwide [2][5] - A new snack size option is expected to be released in March [5] Marketing Strategy - The advertisement features a comedic scenario where fans are humorously misled into thinking they should eat lava instead of the new chocolate product [3][4] - The campaign aims to capture the energy of fans during the Big Game, showcasing their enthusiasm for the new flavor [4] Company Overview - The Hershey Company is a leading snacks company with over 20,000 employees and more than 90 brand names, generating over $11.2 billion in annual revenues [6][7] - The company has a long-standing commitment to ethical and sustainable operations, with a focus on education and community support [7]

Hershey (HSY) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 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 earnings report, which is expected to be released on February 6, 2025, might help the stock move higher if these key numbers are better than exp ...

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