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
Take-Two Interactive Software (TTWO) Earnings: 4Q24 Key Numbers
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported net revenue of $1.40 billion for the fourth quarter of 2024, which was down 3% year-over-year. Net loss was $2.90 billion, or $17.02
Applied Materials (AMAT) Earnings: 2Q24 Key Numbers
Applied Materials, Inc. (NASDAQ: AMAT) reported revenue of $6.65 billion for the second quarter of 2024, which remained flat year-over-year. GAAP net income increased 9% to $1.72 billion and EPS
What to expect when Macy’s (M) reports its Q1 2024 earnings results
Shares of Macy’s, Inc. (NYSE: M) stayed green on Thursday. The stock has gained 23% over the past 12 months. The retailer is scheduled to report its first quarter 2024