The consumer staples sector giant saw shares rip higher after announcing its fourth quarter of 2024 earnings report, which firmly beat both top and bottom-line consensus analyst estimates.
The Hershey Company (HSY 0.56%) stock is one that has likely frustrated its long-term shareholders. It has delivered a flat performance over the last five years, largely because it has dropped more than 40% from its peak in May 2023.
In this podcast, Motley Fool analyst Bill Barker and host Ricky Mulvey discuss:
The Hershey Company (NYSE:HSY ) Consumer Analyst Group of New York Conference (CAGNY) 2025 February 18, 2025 1:00 PM ET Company Participants Michele Buck - Chairman, President and CEO Steve Voskuil - Senior Vice President and CFO Anoori Naughton - Head of Investor Relations Conference Call Participants Andrew Lazar - Barclays Capital Andrew Lazar Good afternoon, everyone. Next up, please welcome Hershey back to the CAGNY stage.
If you've been around long enough, you will encounter some bumps in the road. This is true for The Hershey Company (HSY -0.98%), whose history dates back to the 1890s.
The Hershey Company (HSY 1.73%) is one of the less volatile businesses you can own.
Investing in "boring" businesses like Hershey can be profitable, especially when tech stocks are overvalued and consumer staples are overlooked. Hershey's current stock decline is due to high cocoa prices, but historical trends suggest recovery once prices normalize. Health food trends and GLP-1 drugs pose minimal long-term threats to Hershey, as consumer demand for chocolate remains strong.
Hershey's (HSY 1.70%) stock price has fallen a huge 45% or so from its 2023 highs. That has pushed the dividend yield up to a historically high 3.7%.
The Hershey Company (HSY 1.32%) needs little introduction given its position as one of the largest confectionery companies in the United States. You have probably indulged in one of its products, like a Hershey bar or Reese's, sometime in the recent past.
Shares of candy and snack company Hershey (HSY 4.01%) went up on Thursday after the company reported financial results for the fourth quarter of 2024. As of 2:30 p.m.
Hershey expects the surge in cocoa prices to continue to outpace the company's price increases on its chocolate products. As a result, the company expects to see its adjusted gross profit margin contract this year, Hershey Senior Vice President and Chief Financial Officer Steve Voskuil said Thursday (Feb. 6) in prepared remarks for the company's quarterly earnings call.
Hershey's fourth-quarter 2024 results reflect strong consumer response to innovation, marketing initiatives and in-store execution.