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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.
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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.
Shares of The Hershey Co. (HSY) advanced 5% Thursday when the chocolate maker reported better-than-anticipated results as price hikes helped offset the rising cost of cocoa.
Hershey (HSY) came out with quarterly earnings of $2.69 per share, beating the Zacks Consensus Estimate of $2.38 per share. This compares to earnings of $2.02 per share a year ago.
The Hershey Company (HSY 0.81%), a leading North American confectionery and snack company, released its fourth-quarter 2024 earnings on February 6, 2025.