The Hershey Company (NYSE: HSY), a multinational confectionary company, has reported an increase in net sales and adjusted profit for the first quarter of 2024.
- Consolidated net sales came in at $3.25 billion in the first quarter, representing an increase of 8.9% from last year
- On a constant currency basis, organic net sales increased 8.6% during the three months
- Net income, on an unadjusted basis, was $797.5 million or $3.89 per share in Q1, an increase of around 36%
- Adjusted earnings per share increased 3.7% year-over-year to $3.07 in the March quarter
- For fiscal 2024, Hershey’s management projects a net sales growth of 2% to 3%
- The company is looking for flat earnings per share growth for the fiscal year
- Capital expenditures are expected to be in the range of $600 million to $650 million in fiscal 2024
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
What to expect when J.M. Smucker (SJM) reports Q2 2025 earnings results
Shares of The J.M. Smucker Co. (NYSE: SJM) stayed red on Friday. The stock has dropped 6% over the past three months. The branded foods company is slated to report
Earnings Summary: Highlights of BJ’s Wholesale Club’s Q3 2024 results
Department store chain BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) has reported financial results for the third quarter of 2024, reporting a 3% increase in net sales. Adjusted earnings, on a