HSY Stock Recent News

Hershey's long-term history shows resilient revenue growth and greatly improving, high margins. A multitude of headwinds is now piling against Hershey, including shifts in inflation, the cocoa price surge, ERP implementation, and many other notable headwinds. Hershey is well positioned to resist against most of the headwinds, and as such, has a reasonable margin of safety to the stock valuation.

Hershey stock fell last year over higher costs and weak sales trends. It sells dozens of brands in the $133 billion confectionary market.

Kit Kat® Ghost Toast and Reese's Werewolf Tracks bewitch this year's seasonal lineup HERSHEY, Pa. , Aug. 8, 2024 /PRNewswire/ -- As the Halloween season approaches, The Hershey Company reveals hauntingly delicious new flavors with Kit Kat® Ghost Toast and Reese's Werewolf Tracks, leading an innovative lineup of seasonal must-haves.

Macroeconomic headwinds are pressuring financial results at leading consumer goods companies. Shares of Kraft Heinz, Hershey, and Starbucks are all down 30% or more from their previous highs.

The candy and snack company blamed a pullback in consumer spending amid sticky inflation for its struggling sales.

Hershey's (HSY) Q2 results reflect lower net sales and earnings on lower demand as consumers continue to reduce discretionary spending. Management lowers the 2024 view.

The Hershey Company (NYSE:HSY ) Q2 2024 Earnings Conference Call August 1, 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 Alexia Howard - Bernstein Bryan Spillane - Bank of America David Palmer - Evercore ISI Max Gumport - BNP Paribas Tom Palmer - Citi Robert Moskow - TD Cowen Jim Salera - Stephens Michael Lavery - Piper Sandler Chris Carey - Wells Fargo Rob Dickerson - Jefferies Stephen Powers - Deutsche Bank Operator Greetings, and welcome to The Hershey Company's Second Quarter 2024 Earnings Question-and-Answer Session. [Operator Instructions] As a reminder, this conference is being recorded.

Although the revenue and EPS for Hershey (HSY) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Shares of Hershey wavered Thursday as investors digested the chocolatier's quarterly earnings report, as soaring cocoa prices cut significantly into the food company's profits.

Hershey (HSY) came out with quarterly earnings of $1.27 per share, missing the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $2.01 per share a year ago.