2024-03-13 02:19:57 ET
Summary
- The Hershey Company is a global confectionery company known for its diverse range of chocolate and confectionery products.
- Quarterly results for Q4 2023 showed a decrease in net sales and net income, primarily due to the North America Salty Snacks segment.
- The outlook for 2024 does not promise much improvement, with anticipated single-digit net sales growth but relatively flat earnings per share.
Founded in 1894, The Hershey Company ( HSY ) stands as a global icon in the confectionery industry. Headquartered in Hershey, Pennsylvania, the company is renowned for its diverse range of chocolate and confectionery products, including the iconic Hershey's chocolate bars. With a commitment to quality and innovation, Hershey has expanded its portfolio to include beloved brands such as Reese's, Kisses, and Jolly Rancher. Beyond its sweet offerings, Hershey actively engages in sustainable and ethical practices, emphasizing cocoa sourcing and community development. As a leading player in the global sweets market, Hershey continues to delight consumers worldwide with its timeless treats and innovative creations....
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Hershey: We Are Downgrading To Hold Based On The Outlook