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
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
