Hershey Earnings Reports

The Hershey Company reported strong fourth-quarter and full-year 2024 financial results, with net sales increasing by 8.7% and organic constant currency net sales up by 9.0%. Net income saw a significant increase of 130.6%, while adjusted earnings per share also rose by 33.2%. The company is navigating expected pressures from rising cocoa prices in 2025 by focusing on top-line growth, share momentum, and productivity programs.

Hershey's Q3 2024 results reflect a challenging environment with a decrease in net sales and earnings. The company is focused on driving top-line and market share growth by focusing on key customers, expanding the chocolate portfolio, accelerating sweets, and maximizing seasonal strength.

Hershey's Q2 2024 results showed a decrease in consolidated net sales by 16.7% to $2,074.5 million, and a decrease in reported net income of 55.1% to $180.9 million, or $0.89 per share-diluted. Adjusted earnings per share-diluted decreased by 36.8% to $1.27. The company is updating its full-year outlook, expecting net sales growth of approximately 2% and a slight decrease in adjusted earnings per share.

Hershey reported a strong start to 2024, with consolidated net sales increasing by 8.9% to $3,252.7 million and net income rising by 36.5% to $797.5 million, or $3.89 per share-diluted. The company reaffirms its 2024 net sales growth of 2% to 3% and adjusted earnings per share growth of approximately 0%.

Hershey reported a slight increase in consolidated net sales for Q4 2023, but organic constant currency net sales decreased slightly. Net income and earnings per share both decreased compared to the prior year. The company is focusing on marketing, innovation, and productivity to drive growth amidst rising cocoa prices.

Hershey reported strong third-quarter seasonal sell-in, with consolidated net sales increasing by 11.1% to $3,030.0 million. The company reaffirmed its full-year sales and earnings commitments, with organic, constant currency net sales increasing by 10.7%.

Hershey reported a strong second quarter with net sales increasing by 5.0% to $2,490.3 million. Net income increased by 29.4% to $407.0 million, or $1.98 per share-diluted, and adjusted earnings per share-diluted increased by 11.7% to $2.01. The company reaffirmed its 2023 net sales outlook, updated its full-year reported earnings outlook to reflect additional acquisition costs, and raised its full-year adjusted earnings outlook.

Hershey reported a strong start to the year with double-digit sales and earnings growth in the first quarter of 2023. Increased investments and strong execution drove resilient consumer demand. The company raised its full-year net sales growth and earnings-per-share outlook.

Hershey reported strong Q3 2022 financial results, exceeding expectations with a 15.6% increase in consolidated net sales and a 3.3% increase in adjusted earnings per share. The company raised its full-year financial outlook, driven by higher consumer demand and favorable price elasticities across segments.

Hershey's business momentum continued in the second quarter, with double-digit sales growth in each segment resulting in strong earnings per share performance. The company is raising its financial expectations for the year and investing more heavily in its brands, capabilities and people in the second half to continue this momentum into 2023.

The Hershey Company reported a strong first quarter with double-digit sales and earnings growth. The company raised its full-year financial outlook due to this strong performance and increased visibility into recently acquired businesses.

Hershey's Q4 2021 results showed a 6.4% increase in consolidated net sales, driven by price realization and acquisitions, with adjusted EPS increasing by 13.4%. The company's 2022 outlook anticipates continued growth, primarily through price increases, to offset rising costs and investments.

Hershey reported a 6.3% increase in consolidated net sales, reaching $2,359.8 million. Reported net income was $444.9 million, or $2.14 per share-diluted, matching the prior period. The company raised its full-year net sales and earnings outlook due to robust consumer demand and optimized brand investment.

Hershey's Q2 2021 financial results showed strong growth with a 16.5% increase in consolidated net sales and a 12.4% increase in reported net income. The company updated its full-year financial outlook, reflecting the strength of its performance and the acquisition of Lily's Sweets, LLC.

Hershey reported strong first-quarter results with double-digit sales and earnings growth, leading to an increased full-year financial outlook. The company's performance was driven by continued momentum in North America and recovery in international markets.

Hershey announced net sales and earnings for the fourth quarter and full year ended December 31, 2020. The company delivered a strong quarter with continued share gains and volume growth. Consolidated net sales increased by 5.7%, and adjusted earnings per share increased by 16.4%. The company expects to deliver another year of balanced sales and earnings growth in 2021.

Hershey reported a strong third quarter with net sales increasing by 4.0% to $2,219.8 million and adjusted diluted EPS growing by more than 15%. The company experienced confectionery share gains across markets, particularly in the U.S., and saw sequential improvement in international markets and owned retail locations.

Hershey reported a slight decrease in net sales for Q2 2020, primarily due to COVID-19 related pressures in international markets and currency headwinds. However, strong performance in North America, driven by price realization and market share gains, along with effective cost management, helped to offset these challenges, resulting in adjusted earnings per share in line with the previous year.

Hershey reported a slight increase in net sales for the first quarter of 2020, but experienced a decrease in net income and operating profit due to derivative mark-to-market losses and increased expenses. The company withdrew its full-year financial guidance due to the uncertainty surrounding the COVID-19 pandemic.

Hershey reported a 4.0% increase in consolidated net sales for Q4 2019, with organic, constant currency net sales up 1.9%. Reported net income decreased by 38.8% to $207.2 million, while adjusted earnings per share increased by 1.6% to $1.28. The company provided a 2020 full-year outlook, expecting net sales to increase by 2% to 4%.