tiprankstipranks

Hershey reports Q1 adjusted EPS $2.09, consensus $1.93

Reports Q1 revenue $2.81B, consensus $2.79B. “I am pleased with the progress we are making on our key strategic initiatives for the year,” said Michele Buck, Hershey (HSY) president and CEO. “Consumption in the quarter exceeded our expectations in both U.S. Candy, Mint, and Gum and Salty Snacks, driven by the strength of seasons, sweets, Dot’s and SkinnyPop. Despite heightened cost pressure, our strong balance sheet gives us flexibility to invest in the business and participate in recent strategic acquisitions that further expand our better-for-you portfolio and drive long-term value creation.”

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue