HSY - Why Is Chocolate Maker Hershey's Stock Ticking Higher Today? | Benzinga
Hershey Company (NYSE:HSY) shares are trading higher after the reported better-than-expected first-quarter FY24 earnings.
The company reported first-quarter FY24 sales growth of 8.9% year-on-year to $3.252 billion, beating the analyst consensus estimate of $3.112 billion.
Hershey’s North America Confectionery segment net sales rose 10.4% Y/Y to $2.707 billion. Sales for Hershey’s International segment increased 1.8% to $270.3 million.
Gross margin expanded 520 basis points Y/Y to 51.5%, and ...