Hershey Posts 3Q EPS of $2.88
HSY is trading near its 52-week low of $156.16 (6.9% above the low).
Summary
Hershey reported third-quarter EPS of $2.88, with adjusted EPS of $2.64 and sales of $3.28B. Volume declined about 10 points, reflecting elasticity impacts in North America confectionery and international, shipments timing and planned portfolio optimization in international, partially offset by growth in North America salty snacks. The North America salty snacks segment posted net sales of $392.7M, up 22.3%, while the international segment's sales fell 7.5% to $226.4M. The LesserEvil acquisition added a 2.1 point benefit and foreign exchange a 0.1 point benefit. Context matters here: Q2 was a strong quarter with sales of $2.79B, up 6.6%, and adjusted EPS of $1.90, driven by margin recovery and lower commodity costs. The stock trades near $167 with a market cap around $33B, so a single quarter's print can move it meaningfully once the full release and guidance land. Watch for the complete release and any updated full-year outlook, plus commentary on cocoa costs, which drove the Q2 margin swing.
At the time of this announcement, HSY was trading at $167.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $32.9B. The 52-week trading range was $156.16 to $239.48. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.