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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
Key Takeaways Historically high cocoa prices and soft consumer demand negatively affected Hershey's earnings and revenue.Two of the candy and snacks maker's three units posted sales declines.Hershey also reduced its full-year forecast.
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,
The Motley Fool
2d
Hershey Misses Revenue, Margin Drops
Operationally,
Hershey's
Advancing Agility & Automation Initiative aimed at reducing costs made progress. Despite these ...
CSR Wire
12d
Hershey Signs Groundbreaking Long-Term Agreement With Cocoa Cooperatives Aimed at Improving Farmer Income and Farm Resiliency
“Improving farmer incomes requires a holistic approach and collaboration across public and private sectors,” said Tricia ...
2d
Hershey's Q3 Earnings Sour As Sales Dip And Outlook Darkens; CEO Pledges Aggressive Turnaround Amid High Cocoa Costs
The Hershey Company (NYSE:HSY) shares are trading lower in the premarket session on Thursday. The company reported ...
Food Dive
1d
Hershey buys candy brand Sour Strips for undisclosed amount
The Reese’s manufacturer said the purchase expands its sweets portfolio and increases its ability to reach new consumers ...
Investing
4d
Hershey's SWOT analysis: cocoa costs, volume woes challenge stock outlook
The
Hershey
Company (NYSE:HSY), a leading confectionery manufacturer renowned for its chocolate, sweets, and snacks, faces a complex market landscape as it navigates rising
cocoa
costs and ...
1d
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 ...
5d
Hershey Q3 Earnings Preview: After Absorbing Inflation, A New Chapter Begins
Discover why Hershey stock is a solid long-term investment with high margins, strong cash flow, and growth potential despite ...
1d
The Hershey Co (HSY) Q3 2024 Earnings Call Highlights: Resilient Brands and Strategic ...
The Hershey Co (HSY) navigates high cocoa prices and competitive pressures with strong brand performance and strategic market ...
1d
Hershey’s Hold Rating Amid Earnings Miss, Guidance Cut, and 2025 EPS Challenges
Analyst Robert Moskow of TD Cowen maintained a Hold rating on The Hershey Company (HSY – Research Report), reducing the price target to ...
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