The Hershey Company (NYSE: HSY), a multinational confectionary company, reported a decrease in net sales and adjusted profit for the third quarter of 2024.
- Consolidated net sales declined 1.4% year-over-year to $2.99 billion in the third quarter of 2024
- Organic sales, on a constant-currency basis, decreased 1.0% annually during the three months
- Q3 net income came in at $446.3 million or $2.20 per share, compared to $518.6 million or $2.52 per share a year earlier
- Adjusted earnings declined to $2.34 per share in the September quarter from $2.60 per share in Q3 2023
- For fiscal 2024, the management expects net sales growth to be flat year-over-year
- Full-year earnings per share, on a reported basis, are expected to decline between 9% and 6%
- It is looking for a mid-single-digits decrease in FY24 adjusted earnings per share, compared to the prior year
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
Earnings Preview: FedEx looks set to report mixed results for Q4 2025
FedEx Corp. (NYSE: FDX) is preparing to report fourth-quarter earnings on Tuesday, June 24, at 4:00 pm ET. Recently, the management lowered its full-year earnings and revenue guidance for the
How Ulta Beauty’s (ULTA) new strategy is fueling growth
Shares of Ulta Beauty, Inc. (NASDAQ: ULTA) were up over 1% on Monday. The stock has gained 31% over the past three months. The beauty retailer started fiscal year 2025
Earnings Preview: What to look for when Kroger (KR) reports Q1 2025 results
The Kroger Co. (NYSE: KR) is expected to report its first-quarter financial results next week. Customer engagement remained stable last year, driven by high-quality products and tailored promotional offers. Recently,
