Shares of candy and snack company Hershey (HSY 4.08%) went up on Thursday after the company reported financial results for the fourth quarter of 2024. As of 2:30 p.m. ET, Hershey stock was up about 5%.A good end to a challenging yearIn Q4, Hershey outperformed expectations on both the top and the bottom line. It generated nearly $2.9 billion in net sales, which was up almost 9% year over year. And it had net income of nearly $800 million, which more than doubled from the same quarter of 2023.Hershey stock m ...

Hershey expects the surge in cocoa prices to continue to outpace the company’s price increases on its chocolate products.As a result, the company expects to see its adjusted gross profit margin contract this year, Hershey Senior Vice President and Chief Financial Officer Steve Voskuil said Thursday (Feb. 6) in prepared remarks for the company’s quarterly earnings call.“Historically high cocoa prices, sugar and other raw material inflation, along with incremental labor inflation, new tariffs and negative pro ...

The Hershey Company (HSY) reported solid fourth-quarter 2024 results, as both top and bottom lines improved year over year and beat the Zacks Consensus Estimate.Management remains impressed with the strong consumer response to innovation, marketing initiatives and in-store execution. While rising cocoa prices are expected to create considerable pressure on 2025 earnings, the focus remains on sustaining top-line and market share growth, executing transformation and productivity initiatives, and positioning t ...

Key TakeawaysHershey beat profit and sales estimates as the chocolate maker's price hikes helped to offset the higher cost of cocoa.The company also cut selling, marketing, and administrative expenses.Hershey warned that the soaring price of cocoa will hurt full-year earnings. Shares of The Hershey Co. (HSY) advanced 5% Thursday when the chocolate maker reported better-than-anticipated results as price hikes helped offset the rising cost of cocoa. The company with brands including its namesake chocolate bar ...

The Hershey Company (NYSE:HSY) Q4 2024 Earnings Conference Call February 6, 2025 8:30 AM ET Company Participants Anoori Naughton - Senior Director of Investor Relations Michele Buck - Chairman and Chief Executive Officer Steve Voskuil - Senior Vice President and Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Ken Goldman - J.P. Morgan Max Gumport - BNP Robert Moskow - TD Cowen Alexia Howard - Bernstein Peter Galbo - Bank of America Todd Palmer - Citi Jim Salera - Stephens Leah J ...

Hershey (HSY) came out with quarterly earnings of $2.69 per share, beating the Zacks Consensus Estimate of $2.38 per share. This compares to earnings of $2.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.03%. A quarter ago, it was expected that this chocolate bar and candy maker would post earnings of $2.50 per share when it actually produced earnings of $2.34, delivering a surprise of -6.40%.Over the last four quarters, ...

Hershey announced better-than-expected earnings despite rising raw material costs, driven by robust pricing strategies and diversifying its portfolio.The Hershey Company (HSY 0.81%), a leading North American confectionery and snack company, released its fourth-quarter 2024 earnings on February 6, 2025.The results exceeded market expectations, with key metrics such as Non-GAAP earnings per share (EPS) reported at $2.69, well above the analyst estimate of $2.37. Revenue came in at $2,887.5 million, beating fo ...

The Hershey Company (HSY) Q4 2024 Earnings Call February 06, 2025 07:00 AM ET Company Participants Anoori Naughton - Senior Director - Investor RelationsMichele Buck - Chairman, President & CEOSteve Voskuil - Senior Vice President & Chief Financial Officer Anoori Naughton Good morning, and welcome to the prerecorded discussion of The Hershey Company's Fourth Quarter twenty twenty four Earnings Results. I'm Anori Naughton, Senior Director of Investor Relations. Joining me today are Hershey's Chairman and CEO ...

The Hershey Company (HSY) Q4 2024 Earnings Call February 06, 2025 07:00 AM ET Speaker0 Good morning, and welcome to the prerecorded discussion of The Hershey Company's Fourth Quarter twenty twenty four Earnings Results. I'm Anori Naughton, Senior Director of Investor Relations. Joining me today are Hershey's Chairman and CEO, Michelle Buck and Hershey's Senior Vice President and CFO, Steve Bostill. In addition to these remarks, we will host an analyst Q and A only session at 08:30 a. M. Eastern on the morni ...

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 ...