Hershey (HSY) Stock Down on Q2 Earnings Miss & Lowered View

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 ...