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The Hershey Company (HSY) Management Presents at 2024 CAGNY Conference (Transcript)
2024-02-21 01:37
业绩总结 - Hershey公司在2024年CAGNY会议上展示了强劲的有机销售增长,通过核心品牌如Hershey和Reese以及新品牌如SkinnyPop和Dot's实现了强劲增长[6] - 公司近年来积极推进现代化改革,优化成本结构和生产布局,推动生产力提升,包括最近宣布的“推进敏捷与自动化计划”,为未来增长投资提供动力[7] - Hershey公司在国际业务上取得了良好增长,利润性比五年前显著提高,同时在巧克力和咸味零食领域表现出色,为零售商提供增长机会[12] - 公司致力于持续投资业务、品牌和能力,以推动长期股东价值创造[13] - Hershey公司在过去几年取得了强劲的巧克力品牌增长趋势,通过动态定价模型、创新方法和拓展新领域的增长,如甜食和健康食品,实现了业务多元化[15] 技术和创新 - Hershey公司在技术领域取得重大进展,实施S4系统,招聘首席数据和技术官Deepak Bhatia,以进一步提升技术能力,推动自动化和数字化连接[21] - 公司计划继续投资创新和研发,优化营销支出,提高投资回报率,并优化人才配置,确保团队专注于最有价值的优先事项[30] - Hershey公司利用人工智能优化媒体支出,在供应链方面实施数据可视化,提高线效率,利用机器人技术提升质量控制和内部产品运输效率[33] 市场趋势和展望 - 公司在北美巧克力市场拥有稳定增长,特别是巧克力部分连续两十年增长,预计未来CMG增长率为3%至3%[40] 新产品和合作 - 公司与著名篮球明星沙奎尔·奥尼尔合作推出新的糖果产品[63] - 沙奎尔·奥尼尔表示糖果产品是为了带来乐趣和活力,希望大家购买投资并享受其中[64] - 沙奎尔·奥尼尔对公司的研发团队和产品品尝表示赞赏,期待推出优质产品[67]
CAGNY 2024
2024-02-21 00:21
业绩总结 - 公司2023年零售销售额为31亿美元,其中包括各种产品[4] - 公司2023年净销售额增长了7.6%,达到14亿美元[2] - 公司2019年的非GAAP净收入为12.18亿美元,较2018年增长了7.9%[1] - 公司2018年的净收入为11.30亿美元,较2017年增长了11.2%[2] - 公司2017年的非GAAP净收入为10.02亿美元,较2016年增长了7.1%[3] 技术和市场 - 公司在数字基础设施和技术方面进行了增强和整合,包括人工智能等技术[5] - 公司计划通过创新、媒体推广和价格优化来提高市场份额[6]
Top 3 Struggling Stocks to Avoid as Cocoa Prices Soar
InvestorPlace· 2024-02-20 20:36
Cocoa prices just hit a record high of nearly $5,800 per ton. All thanks to supply concerns, and an outbreak of cacao swollen shoot virus, which can decrease cacao yield, and has already compromised a good chunk of supply. Ghana and Nigeria are seeing dry weather conditions, which threatens soil moisture levels, and production yield. This backdrop has led to this list of stocks to avoid.“Cocoa futures have skyrocketed, doubling in the past year and surging 40% since January; sugar, labor, and other factors ...
Hershey(HSY) - 2023 Q4 - Annual Report
2024-02-20 00:00
公司概况 - Hershey是全球糖果领导者,主要产品包括巧克力、糖果、薄荷糖和其他美味零食[7] - Hershey的报告分为三个部分:北美糖果、北美咸味零食和国际市场[8] - Hershey的主要产品包括巧克力、糖果、薄荷糖、蛋白棒、爆米花、椒盐零食等[18] - Hershey的主要客户包括批发商、连锁杂货店、大型零售商等[22] 销售情况 - Hershey的销售在第三和第四季度通常较高,呈现季节性和节日销售模式[33] - 2023年北美糖果业务销售额为91.23亿美元,比2022年的85.36亿美元增长了6.9%[208] - 2023年北美咸零食业务销售额为10.93亿美元,比2022年的10.29亿美元增长了6.1%[215] - 2023年国际业务净销售额为949.2亿美元,比2022年的853.4亿美元增长11.2%[220] 财务状况 - 公司在2023年的销售成本为61.67亿美元,比2022年的59.21亿美元增加了4.2%[184] - 2023年的毛利率为44.8%,比2022年的43.2%增加了160个基点[185] - 2023年的营销、市场和行政费用为24.36亿美元,比2022年的22.36亿美元增加了9.0%[188] - 公司2023年的营业利润为25.61亿美元,比2022年的22.61亿美元增加了13.3%[192] - 2023年北美糖果业务利润为31.17亿美元,比2022年的28.11亿美元增长了10.9%[210] - 2023年北美咸零食业务利润为1.58亿美元,比2022年的1.59亿美元下降了1.0%[216] - 2023年国际业务利润为148.3亿美元,比2022年的107.9亿美元增长37.4%[221] 现金流和投资 - 2023年经营活动产生的净现金为23.23亿美元,与2022年相比略有下降[230] - 2023年投资活动使用了12亿美元,主要用于技术和能力投资以及更高水平的收购活动[239] - 2023年融资活动使用了11亿美元,主要用于购买公司股票和支付股息,以及净借款活动[246] 资产和负债 - 公司对于贸易促销活动的应计负债进行了详细说明,2023年和2022年的贸易促销和消费者激励应计负债分别为1.94亿美元和2.157亿美元[277] - 公司的养老金计划和其他离退休福利计划涉及的假设和估计对年度费用和义务的认定产生重要影响,2023年预计养老金计划费用约为1300万美元[279][285] - 公司对商业收购、商誉和其他无形资产的估值和减值进行了详细说明,2023年底公司的商誉净账面价值为27亿美元,未出现商誉减值情况[287][293]
Hershey stock presents investors a sweet buy-the-dip opportunity
MarketBeat· 2024-02-13 20:52
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 ...
Why chocolate lovers will pay more this Valentine's Day than they have in years
Market Watch· 2024-02-13 20:01
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 ...
Hershey sees high cocoa and sugar prices limiting 2024 profits
Proactive Investors· 2024-02-09 23:33
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]
Hershey Stock Pops Despite Rising Cocoa Costs Expected to Bite Into 2024 Earnings
The Motley Fool· 2024-02-09 21:04
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 cuts jobs after soaring cocoa costs hurt candy sales
New York Post· 2024-02-09 01:03
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 ...
Hershey (HSY) Q4 Earnings Beat Estimates, Revenues Miss
Zacks Investment Research· 2024-02-09 01:00
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 ...