The Hershey Company (HSY) Q1 2025 Earnings Call April 30, 2025 08:00 PM 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 pre recorded discussion of The Hershey Company's First Quarter twenty twenty five Earnings Results. I'm Inori Naughton, Senior Director of Investor Relations. Joining me today are Hershey's Chairman and CEO, M ...

The Hershey Company (HSY) Q1 2025 Earnings Call April 30, 2025 08:00 PM ET Speaker0 Good morning, and welcome to the pre recorded discussion of The Hershey Company's First Quarter twenty twenty five Earnings Results. I'm Inori Naughton, Senior Director of Investor Relations. Joining me today are Hershey's Chairman and CEO, Michelle Bach, and Hershey's Senior Vice President and CFO, Steve Voskel. In addition to these remarks, we will host an analyst Q and A only session at 08:30 a. M. Eastern on the morning ...

Financial Data and Key Metrics Changes - The company's first quarter revenue was $262 million, representing a 21% year-over-year increase, while adjusted EBITDA was $33.2 million, nearly double compared to the same period last year [8][22]. - Gross profit margins increased by 125 basis points year-over-year to 34.9%, driven by revenue diversification and higher growth in more profitable markets [24]. - Marketing spend was $38.8 million, or 15% of revenue, down from 17% of revenue in the same quarter last year, indicating improved marketing efficiency [25][26]. Business Line Data and Key Metrics Changes - Online casino revenue grew by 25% year-over-year, while sports betting revenue increased by 11% [9][22]. - In North America, monthly active users (MAUs) grew by 17% year-over-year, with an average revenue per monthly active user (ARPMAU) of $368, up 3% year-over-year [10][22]. - Latin America saw MAUs increase by 61% year-over-year, reaching a new quarterly record of 354,000 [10][23]. Market Data and Key Metrics Changes - North American markets showed revenue growth in 15 out of 16 online markets, with Michigan revenue up 40% and Delaware exceeding 80% growth in its first year of comparisons [12]. - In Colombia, gross gaming revenue (GGR) was up 55% in local currency, despite a 19% value-added tax on player deposits [13][14]. - The company is optimistic about the potential growth in Alberta, Canada, as legislation for online gaming progresses [17]. Company Strategy and Development Direction - The company focuses on innovation and enhancing player experience to drive growth and profitability [8][20]. - The strategy includes differentiating offerings to improve user engagement and retention across product verticals [10][20]. - The company is monitoring legislative developments in various U.S. states to capitalize on potential online gaming opportunities [18][19]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges, including the impact of taxes in Colombia, while maintaining strong player activity and market share [14][32]. - The company anticipates continued growth in revenue and adjusted EBITDA for 2025, with guidance remaining between $1.1 billion and $1.8 billion in revenue [27][28]. - Management highlighted the resilience of the online gaming sector, particularly during challenging economic times, and the potential for increased tax revenues from legalized online casinos [19][20]. Other Important Information - The company ended the quarter with $228 million in unrestricted cash and no debt, generating approximately $25 million in cash during the quarter [26]. - The company repurchased approximately 500,000 shares at an average price of $10.35 under its share repurchase program [27]. Q&A Session Summary Question: Insights on Colombia's competitive landscape and market share - Management indicated that they are absorbing the tax through higher bonusing, similar to competitors, and are confident in retaining or growing market share despite the challenges [32]. Question: Growth expectations for Delaware in 2025 - Management expects continued growth in Delaware, although the growth rate may slow as the market matures [34][36]. Question: Adjustments to business model in Colombia - Management is continuously adjusting strategies to maximize net revenue and reduce deposit turnover in response to the VAT tax [42][44]. Question: Impact of Pennsylvania joining the multistate Internet gaming agreement - Management expressed excitement about the launch in Pennsylvania and the potential for increased player liquidity across platforms [46]. Question: Tax impact from Colombia on revenue and EBITDA - Management noted that the VAT tax has significantly impacted net revenue growth, with expectations for meaningful growth once the tax is removed [52][94]. Question: User growth concentration in North America - Management indicated that Delaware contributed mid-single digits to the overall 17% user growth, with most growth coming from higher-value markets [87][88].

Herbalife (HLF) Q1 2025 Earnings Call April 30, 2025 05:30 PM ET Company Participants Erin Banyas - Vice President - Head of Investor RelationsStephan Gratziani - CEOJohn DeSimone - Chief Financial OfficerJohn Baumgartner - Managing Director, Equity ResearchRobert Rigby - AssociateHale Holden - Managing DirectorDouglas Lane - Head of Consumer Products Conference Call Participants None - Analyst Operator Good afternoon, and thank you for joining the First Quarter twenty twenty five Earnings Conference Call f ...

Redwood Trust (RWT) Q1 2025 Earnings Call April 30, 2025 05:00 PM ET Company Participants Kaitlyn Mauritz - Head - IRChristopher Abate - Chief Executive Officer and DirectorDashiell Robinson - PresidentBrooke Carillo - Chief Financial OfficerCrispin Love - DirectorEric Hagen - Managing Director Conference Call Participants Douglas Harter - Equity Research AnalystRichard Shane - AnalystDonald Fandetti - AnalystSteven Delaney - Analyst Operator Greetings, and welcome to the Redwood Trust First Quarter twenty ...

Deluxe (DLX) Q1 2025 Earnings Call April 30, 2025 05:00 PM ET Company Participants Brian Anderson - Vice President of Strategy & Investor RelationsBarry McCarthy - President and CEOChip Zint - Senior Vice President & CFOKartik Mehta - Executive MD & Director of ResearchCharlie Strauzer - Senior Managing DirectorJonnathan Navarrete - Equity Research Vice President Conference Call Participants Marc Riddick - Business Services Analyst Operator Ladies and gentlemen, thank you for standing by, and welcome to the ...

NETGEAR (NTGR) Q1 2025 Earnings Call April 30, 2025 05:00 PM ET Company Participants Erik Bylin - Investor RelationsCharles Prober - CEO & DirectorBryan Murray - CFOAdam Tindle - Managing Director Operator Ladies and gentlemen, thank you for standing by. At this time, all participants are in a listen only mode. Later, we will conduct a question and answer session. I would now like to turn the conference over to Eric Bailin. Please go ahead, sir. Erik Bylin Thank you, operator. Good afternoon, and welcome to ...

MediaAlpha (MAX) Q1 2025 Earnings Call April 30, 2025 05:00 PM ET Company Participants Alex Liloia - PartnerSteve Yi - Co-Founder and Chief Executive OfficerPatrick Thompson - CFOCory Carpenter - Internet Equity ResearchTommy McJoynt-Griffith - DirectorAndrew Kligerman - Managing DirectorBen Hendrix - Vice President Conference Call Participants Maria Ripps - Managing Director, Senior Research AnalystMichael Zaremski - Managing Director & Senior Equity Research AnalystEric Sheridan - Analyst Operator Ladies ...

Spok (SPOK) Q1 2025 Earnings Call April 30, 2025 05:00 PM ET Company Participants Al Galgano - VP - Investor & Corporate RelationsVincent Kelly - President and CEOMichael Wallace - Chief Operating OfficerCalvin Rice - Chief Financial OfficerGeorge Melas-Kyriazi - President Conference Call Participants Anderson Schock - Research Analyst Operator Greetings, and welcome to Spok's First Quarter twenty twenty five Earnings Results Conference Call. At this time, participants are in a listen only mode. A question ...

Enovix (ENVX) Q1 2025 Earnings Call April 30, 2025 05:00 PM ET Company Participants Robert Lahey - Head of Investor RealtionsRaj Talluri - President & CEORyan Benton - CFOMark Shooter - Sr. Associate - Energy & Sustainability Equity ResearchColin Rusch - Managing Director - Head of Sustainable Growth & Resource Optimization ResearchAjay Marathe - COOBill Peterson - Equity Research Conference Call Participants George Gianarikas - Managing Director and Senior AnalystAnanda Baruah - Stock AnalystDerek Soderber ...