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
Accenture (ACN) to report Q2 2025 results Thursday. Here’s what to expect
Accenture plc, (NYSE: ACN) is preparing to publish its second-quarter results this week, amid expectations for a year-over-year increase in revenue and profit. The professional services company had a strong
What to expect when Dollar Tree (DLTR) reports Q4 2024 earnings results
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) gained over 1% on Monday. The stock has dropped 6% over the past three months. The discount store chain is scheduled to report
MU Earnings Preview: Strong Q2 results in cards amid growing AI demand
Micron Technology, Inc. (NASDAQ: MU) is uniquely positioned to capitalize on the AI wave sweeping the tech industry, leveraging its high-bandwidth-memory products designed for massive data processing tasks. The company
