The Hershey Company (HSY)
Hershey Results, Outlook Hurt by High Cocoa Prices and Soft Consumer Demand
Hershey Co. (HSY) Thursday posted lower-than-estimated third-quarter results on soaring cocoa prices and weak consumer spending and also lowered its projections for sales and earnings for the year.
HSY Down on Q3 Earnings Miss, View Cut Amid Weak Consumer Trends
The Hershey Company's Q3 results reflect lower net sales and earnings amid a challenging consumer environment and high cocoa prices.
Hershey's falls to 3yr low after cutting sales and earnings guidance
Shares in Hershey Company (NYSE:HSY, ETR:HSY) melted to a three-year low after the maker of chocolate Kisses, Reese's Pieces and KitKats cut its guidance for the year due to record cocoa prices and what it said is a "challenging" consumer environment. Net sales for the third quarter of 2024 came in at just below $3 billion, down 1.4% on a year ago and missing the Wall Street average forecast of $3.07 billion.
The Hershey Company (HSY) Q3 2024 Earnings Call Transcript
The Hershey Company (NYSE:HSY ) Q3 2024 Earnings Conference Call November 7, 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 Peter Galbo - Bank of America Alexia Howard - Bernstein Robert Moskow - TD Cowen Michael Lavery - Piper Sandler Tom Palmer - Citi Max Gumport - BNP Paribas David Palmer - Evercore ISI Chris Carey - Wells Fargo Securities Leah Jordan - Goldman Sachs Rob Dickerson - Jefferies Operator Greetings, and welcome to the Hershey Company Third Quarter 2024 Earnings Q&A session. At this time, all participants are in a listen-only mode.
Hershey (HSY) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Hershey (HSY) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Hershey (HSY) Misses Q3 Earnings and Revenue Estimates
Hershey (HSY) came out with quarterly earnings of $2.34 per share, missing the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $2.60 per share a year ago.
Hershey trims annual forecast as higher prices dent demand
Hershey trimmed its annual revenue and profit forecasts on Thursday after missing Wall Street estimates for third-quarter, as repeated price hikes have dampened demand for its chocolates, confectionery, and salty snack products.
Hershey Co.'s stock dips as high cocoa prices eat into profit
Chocolate maker's stock drops as its adjusted earnings miss analyst estimates.
Hershey Gears Up for Q3 Earnings: Here's What You Should Know
HSY's Q3 results are likely to reflect soft consumer demand due to slower discretionary spending. However, the growing confectionery unit bodes well.
Should You Buy This Millionaire-Maker Stock Instead of Costco Wholesale?
Following the herd can be a dangerous game on Wall Street. It could be time to think outside the box.
Hershey Q3 Earnings Preview: After Absorbing Inflation, A New Chapter Begins
Hershey's stock has been trading sideways due to high cocoa prices and investor concerns over the impact of price increases on sales. Despite short-term challenges, Hershey boasts high margins, strong free cash flow, and a growing dividend, making it a solid long-term investment. Q3 earnings are expected to show the positive effects of price increases, with a potential EPS beat that could restore investor confidence.
Insights Into Hershey (HSY) Q3: Wall Street Projections for Key Metrics
Get a deeper insight into the potential performance of Hershey (HSY) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
