Hershey beats earnings expectations on higher candy prices
Hershey reported $3.1 billion in quarterly sales and adjusted earnings per share of $2.35, surpassing Wall Street forecasts. The chocolate maker's revenue growth was driven by higher candy prices, which offset volume declines and input cost pressures. The company's performance exceeded analyst estimates, reflecting its pricing power in the confectionery market. Hershey's results come amid rising cocoa and sugar costs, as well as potential tariff impacts on imported ingredients. The company maintained its full-year outlook, citing strong demand for its core brands.
Key facts
- Hershey reported $3.1 billion in quarterly sales
- Adjusted EPS was $2.35, beating Wall Street forecasts
- Higher candy prices drove revenue growth
- Volume declined but was offset by pricing
- Input costs for cocoa and sugar are rising
- Potential tariffs on imported ingredients pose risks
- Hershey maintained its full-year outlook
- Strong demand for core brands continues
Entities
Institutions
- Hershey
- Wall Street
Sources
- Quartz —