Hershey: Q2 Earnings Snapshot
By AP News
Published - Aug 01, 2024, 10:16 AM ET
Last Updated - Aug 01, 2024, 10:16 AM EDT
HERSHEY, Pa. (AP) — HERSHEY, Pa. (AP) — Hershey Co. (HSY) on Thursday reported second-quarter net income of $180.9 million.
On a per-share basis, the Hershey, Pennsylvania-based company said it had profit of 89 cents. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to $1.27 per share.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.
The chocolate bar and candy maker posted revenue of $2.07 billion in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $2.3 billion.
