HSY Down on Q3 Earnings Miss, View Cut Amid Weak Consumer Trends

The Hershey Company (HSY) reported dismal third-quarter 2024 results, with the top and bottom lines declining year over year. Quarterly earnings and net sales missed the Zacks Consensus Estimate. HSY is navigating a challenging consumer environment and high cocoa prices, which continue to affect its performance. The company has revised its outlook for the year, lowering expectations for net sales growth and adjusted earnings per share (EPS). HSY’s shares were down 3.5% in the pre-market trading session on T ...