Hershey slashed its yearly profit and sales guidance on Thursday after reporting a 17% drop in second-quarter sales.Shares plunged 4.5% early Thursday morning before jumping back up 5%.The Pennsylvania-based candy company – with a market capitalization of $38.83 billion – struggled with a consumer pullback on spending amid sticky inflation, like many others in the food and snack industries. 3 Hershey slashed its yearly profit and sales guidance on Thursday after reporting a steep drop in sales. Christophe ...

The Hershey Company (HSY) reported dismal second-quarter 2024 results, with the top and the bottom line declining year over year. Quarterly earnings and net sales missed the Zacks Consensus Estimate. HSY is navigating a dynamic environment where consumers are reducing discretionary spending and this trend continues to affect its performance. Management lowered its sales and earnings guidance range for 2024. HSY's shares were down 4% in the premarket trading session on Aug 1. Quarter in Detail Hershey posted ...

The Hershey Company (NYSE:HSY) Q2 2024 Earnings Conference Call August 1, 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 Alexia Howard - Bernstein Bryan Spillane - Bank of America David Palmer - Evercore ISI Max Gumport - BNP Paribas Tom Palmer - Citi Robert Moskow - TD Cowen J ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 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 o ...

For the quarter ended June 2024, Hershey (HSY) reported revenue of $2.07 billion, down 16.7% over the same period last year. EPS came in at $1.27, compared to $2.01 in the year-ago quarter.The reported revenue represents a surprise of -9.71% over the Zacks Consensus Estimate of $2.3 billion. With the consensus EPS estimate being $1.44, the EPS surprise was -11.81%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next ...

Hershey (HSY) came out with quarterly earnings of $1.27 per share, missing the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $2.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.81%. A quarter ago, it was expected that this chocolate bar and candy maker would post earnings of $2.74 per share when it actually produced earnings of $3.07, delivering a surprise of 12.04%.Over the last four quarters ...

HERSHEY, Pa., Aug. 1, 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.  The dividends were declared July 31, 2024, and are payable September 16, 2024, to stockholders of record as of August 16, 2024.  It is the 378th consecutive regular dividend on the Common Stock and the 159th consecutive regular dividend on the Class B Common Stock.SOURCE The Hershey Company ...

Exhibit 99.1 FINANCIAL CONTACT: MEDIA CONTACT: Anoori Naughton Ashleigh Pollart anaughton@hersheys.com apollart1@hersheys.com Hershey Reports Second-Quarter 2024 Financial Results; Updates 2024 Net Sales and Earnings Outlook HERSHEY, Pa., August 1, 2024 - The Hershey Company (NYSE: HSY) today announced net sales and earnings for the second quarter ended June 30, 2024 and updated its 2024 net sales and earnings outlook. "Today's operating environment remains dynamic with consumers pulling back on discretiona ...

HERSHEY, Pa., Aug. 1, 2024 /PRNewswire/ -- The Hershey Company (NYSE: HSY) today announced net sales and earnings for the second quarter ended June 30, 2024 and updated its 2024 net sales and earnings outlook."Today's operating environment remains dynamic with consumers pulling back on discretionary spending," said Michele Buck, The Hershey Company President and Chief Executive Officer. "Our business has been impacted by these trends, but we are pleased to see continued growth in the confection category and ...

The Hershey Company (HSY) is likely to register a top and bottom-line decrease when it reports second-quarter 2024 earnings on Aug 1. The Zacks Consensus Estimate for revenues is pegged at $2.30 billion, which indicates a 7.6% decline from the year-ago period.The consensus mark for earnings has dropped by a penny in the past 30 days to $1.44 per share, which suggests a decline of 28.4% from the year-ago quarter’s figure. HSY has a trailing four-quarter earnings surprise of 6.8%, on average.Factors to NoteSt ...