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While the top- and bottom-line numbers for Hershey (HSY) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Prices for cocoa have been crashing in the past two weeks as speculators have bailed out.
Chocolate makers the Hershey company reported its Q1 results for 2024 ahead of markets opening in the US today. The results showed an uptick in sales, income and earnings per share, compared with both Q1 and Q4 of 2023.
Although the demand for inflation-resistant stocks has fallen in the past six to 12 months as consumer prices have moderated, JPMorgan Chase (NYSE: JPM ) CEO Jamie Dimon isn't convinced inflation has gone the way of the dodo bird. “Many key economic indicators today continue to be good and possibly improving, including inflation.
Hershey (HSY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Hershey's (HSY) strong brands and pricing leverage position it well for Q1 earnings, though cost inflation is a concern.
Get a deeper insight into the potential performance of Hershey (HSY) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Investors are closely watching how major chocolate manufacturers Hershey and Mondelez International will address the recent sharp increases in cocoa and sugar prices as they release their first-quarter results this week. Both companies have faced elevated costs over the past several quarters, partly mitigating these through consumer price hikes.
Hershey and Mondelez International investors will be eager to see how the chocolate makers plan to tackle the recent surge in cocoa and sugar prices when they report first quarter results this week.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Hershey (HSY) have what it takes?