Key PointsHershey's stock is down as the company wrestles with high cocoa prices and a decline in popcorn sales. The company is expected to execute pricing and merchandising strategies to increase margins, with the biggest gains in the second half of the year. The core business is solid, and long-term investors can use this pullback as an opportunity to buy the dip.  5 stocks we like better than HersheyShares of The Hershey Company NYSE: HSY are down about 7% following the company's mixed earnings report on ...

Cocoa prices have reached their highest levels on record, just in time for one of the biggest chocolate-buying holidays of the year: Valentine’s Day.  “It’s all on the supply side,” said John Caruso, senior market strategist at RJO Futures, with cocoa up more than 110% year over year. “The chart has gone completely parabolic on a monthly scale” which is to say at the least, “very impressive,” he told MarketWatch.May cocoa futures CCK24, +0.66% CC00, +0.66% settled at $5,583 per metric ton on the ICE Futures ...

Proactive团队 - Proactive的新闻团队遍布全球金融和投资中心[2] - Proactive团队专注于中小市值市场，同时也关注蓝筹公司、大宗商品和更广泛的投资故事[3] - Proactive团队提供关于生物科技、矿业和自然资源、电池金属、石油和天然气、加密货币以及新兴数字和电动汽车技术等市场的新闻和独特见解[4] Emily Jarvie - Emily Jarvie在澳大利亚和加拿大从事政治新闻和商业报道[1]

On Thursday, shares of Hershey (HSY 4.14%) gained 4.1%, following the confectionary and snack-food giant's release of its fourth-quarter 2023 report.The company behind such brand favorites as its namesake brand, Reese's, and Twizzlers posted quarterly results that Wall Street characterizes as "mixed." Revenue slightly missed the analyst consensus estimate, while earnings exceeded it. But there was nothing even semisweet about management's full-year 2024 guidance: Both the top and bottom lines were below the ...

Hershey announced layoffs Thursday after reporting its quarterly earnings were hit by the soaring cost of cocoa and inflation-weary shoppers who cut back on the company’s expensive chocolates and candies.The Pennsylvania-based company said it would slash 5% of its workforce, resulting in as much as $60 million in severance costs.It wasn’t immediately clear how many jobs among the company’s workforce of roughly 18,075 full-time and nearly 2,000 part-time staffers would be affected, or what teams would be im ...

The Hershey Company (HSY) has delivered fourth-quarter 2023 results, with the bottom line remaining flat year over year. While earnings beat the Zacks Consensus Estimate, revenues missed the same.The company is navigating a challenging market, with a focus on innovation and consumer trends, despite facing cost pressures from high cocoa prices. It is optimistic about driving growth through marketing, innovation and brand investment. Additionally, Hershey is prioritizing productivity and transformation to enh ...

财务数据和关键指标变化 - 公司预计2024年净销售增长2%-3%,但销量将持平或略有下降,意味着价格上涨贡献超过3个百分点 [13][14][15] - 2024年全年毛利率预计下降200个基点,主要集中在上半年,下半年将有所改善 [62][63][91] - 2024年全年EPS预计持平,上半年受到去年基数影响和ERP实施影响较大,下半年将有所改善 [18][19] - 公司预计2024年整体通胀率为高个位数,其中大宗商品如可可豆和糖的通胀率达到低双位数 [35][36] 各条业务线数据和关键指标变化 - 巧克力业务在2023年第四季度和节日季节表现强劲,预计2024年将有连续改善 [49][50][51] - 爆米花业务在2023年下半年受到一些压力,主要是价值属性和竞争力下降,公司已采取措施进行改善 [26][27][28] - 咸味休闲食品业务的毛利率将有所改善,但公司仍将持续加大投入 [91] 各个市场数据和关键指标变化 - 公司预计2024年上半年市场份额受到复活节提前和某大型零售商调整的影响而有所下降,下半年将有所改善 [70][71] - 公司在俱乐部渠道的Dot's品牌仍有数个百分点的分销渠道扩张空间 [109][110] 公司战略和发展方向及行业竞争 - 公司将继续通过定价等手段应对大宗商品价格上涨的压力,并将利用技术提升自动化和效率 [14][41][42][43] - 公司正在加大创新投入,2024年创新产品规模将比2023年增加约三成 [50][51][52] - 公司正在整合旗下咸味休闲食品业务,并将其与ERP系统进行整合,以提升效率和灵活性 [41][42][43] 管理层对经营环境和未来前景的评论 - 管理层认为消费者信心有所提升,但仍有一些价格敏感的消费者群体 [101][102] - 管理层对公司咸味休闲食品业务的长期增长前景保持乐观,预计中长期仍能维持中个位数的增长 [103][104] 问答环节重要的提问和回答 问题1 **Andrew Lazar提问** 公司2024年的定价策略是否会有进一步调整,以应对可可豆价格的上涨 [13][14] **Michele Buck回答** 公司的定价策略没有变化,仍将利用定价来覆盖通胀,但具体的时间节奏和幅度会根据成本压力的变化而调整 [14] 问题2 **Ken Goldman提问** 公司2024年广告投放计划是否会超过销售增速,以应对更高的弹性 [22][23][24] **Michele Buck回答** 公司将广告投放与销售增长保持同步,但会通过优化投放效率来提高广告的影响力 [24][25] 问题3 **Bryan Spillane提问** 公司2024年的成本节约计划是否会给组织带来过大压力 [40][41][42][43] **Michele Buck回答** 公司的成本节约计划是基于之前就已经规划的举措,并且会根据组织能力进行分阶段实施,不会给组织带来过大压力 [41][42][43]

营收情况 - Hershey (HSY)在2023年12月结束的季度报告显示，营收为26.6亿美元，同比增长0.2%[1] - 营收低于Zacks Consensus Estimate的27.2亿美元，出现-2.48%的惊喜[2] - 国际净销售为2.3171亿美元，高于五位分析师的平均估值，同比增长12.7%[5] 每股收益情况 - 每股收益为2.02美元，与去年同期的2.02美元相比[1] - 每股收益超过预期，为1.95美元，出现+3.59%的惊喜[2] 销售部门表现 - 北美净销售为24.3亿美元，低于四位分析师的平均估值，同比下降0.9%[6] - 北美糖果净销售为22.2亿美元，低于五位分析师的平均估值，同比增长2.1%[7] - 北美咸味零食净销售为2.0516亿美元，低于五位分析师的平均估值，同比下降24.6%[8] 利润表现 - 北美糖果部门利润为7.2465亿美元，略低于四位分析师的平均估值[9] - 未分配的公司费用为2.1125亿美元，高于四位分析师的平均估值[10] - 北美咸味零食部门利润为1.04亿美元，低于四位分析师的平均估值[11] 股票表现 - Hershey股票在过去一个月中回报率为+2.4%，略低于Zacks S&P 500综合指数的+6.5%变化[12]

Hershey Corp. HSY, -0.27% reported a fourth-quarter earnings beat before market open Thursday, although shares fell 3% in premarket trades, weighed down by weaker-than-expected sales and guidance. The chocolate and salty snacks company reported net income of $349 million, or earnings of $1.70 a share, compared with net income of $396 million, or earnings of $1.92 a share, in the prior year’s quarter. The company’s adjusted earnings were $2.02 a share, flat from the prior year’s quarter. Analysts surveyed b ...

HERSHEY, Pa., Feb. 8, 2024 /PRNewswire/ -- The Board of Directors of The Hershey Company (NYSE: HSY) today announced quarterly dividends of $1.370 on the Common Stock and $1.245 on the Class B Common Stock, an increase of 15% or $0.178 and $0.162 per share, respectively.  The dividends were declared February 7, 2024, and are payable March 15, 2024, to stockholders of record as of February 20, 2024. It is the 376th consecutive regular dividend on the Common Stock and the 157th consecutive regular dividend on ...