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Hershey’s stock dips as high cocoa prices eat into profit
CORRECTION: This article has been updated to provide correct FactSet consensus estimates for third-quarter profit and revenue. Hershey Co.’s stock rose fractionally Thursday after the chocolate giant’s third-quarter profit and revenue fell short of analyst estimates but blamed market costs for its raw materials.
Hershey Results, Outlook Hurt by High Cocoa Prices and Soft Consumer Demand
Historically high cocoa prices and soft consumer demand negatively affected Hershey's earnings and revenue. 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.
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,
1d
on MSN
Hershey’s candy wrappers have dangerous ‘forever chemicals’ on them, lawsuit says
The Hershey Company is accused of using candy wrappers that contain dangerous chemicals in a class action lawsuit. Screengrab ...
1h
QRG Capital Management Inc. Grows Stake in The Hershey Company (NYSE:HSY)
QRG Capital Management Inc. increased its holdings in The Hershey Company (NYSE:HSY – Free Report) by 20.8% during the third ...
4h
Hershey’s Q3 2024: Sales and Earnings Decline
The Hershey Company ( (HSY) ) has released its Q3 earnings. Here is a breakdown of the information The Hershey Company presented to its ...
The Motley Fool
1d
Hershey Misses Revenue, Margin Drops
Within its core confectionery segment,
Hershey
faced a decline in retail takeaway for candy, mint, and gum by 2.6%. This ...
23h
Hershey's Q3 Earnings Sour As Sales Dip And Outlook Darkens; CEO Pledges Aggressive Turnaround Amid High Cocoa Costs
Hershey's stock drops after Q3 earnings miss, citing high cocoa prices and a tough consumer environment, with a lowered FY24 ...
22h
on MSN
Hershey's earnings miss the mark, lowers guidance on high costs, sluggish demand
Citing the impact of the historically high price of cocoa and the challenging consumer environment, Hershey’s (NYSE:HSY) ...
3d
on MSN
Hershey’s Turns Viral Incident Into a Limited-Edition 'Deconstructed' Reese's Peanut Butter Cup
On Nov. 1, Reese’s announced the launch of its limited-edition Deconstructed Peanut Butter Cup Kit. It’s the company’s ...
13d
The best Halloween treat on the market: You can buy the candy or the company: Money Talks
How else was I going to keep my then 8-year-old daughter’s interest in investing? It was October 2022. And I used
The ...
21h
The Hershey Company: Hershey Reports Third-Quarter 2024 Financial Results; Updates 2024 Net Sales and Earnings Outlook
The Hershey Company (NYSE: HSY) today announced net sales and earnings for the third quarter ended September 29, 2024 ...
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