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.”