The Hershey Company ( (HSY) ) has released its Q4 earnings. Here is a breakdown of the information The Hershey Company presented to its investors.
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The Hershey Company is a prominent player in the confectionery industry, known for its chocolates and sweets, with a growing presence in the salty snacks sector. Hershey recently announced its financial results for the fourth quarter and full year 2024, highlighting a strong performance despite challenges such as rising cocoa prices.
The company reported a notable increase in fourth-quarter net sales, which rose by 8.7% to $2,887.5 million, and a substantial rise in net income of 130.6%. The full-year results showed a modest net sales increase of 0.3% to $11,202.3 million, with adjusted earnings per share slightly down by 2.3%. Hershey’s North America Confectionery and Salty Snacks segments both demonstrated robust growth, driven by strong volume gains and strategic marketing initiatives.
In its 2025 outlook, Hershey projects a challenging environment with expected net sales growth of at least 2%, primarily attributed to pricing strategies. However, earnings per share are anticipated to decline significantly due to elevated commodity costs and other economic pressures. The company is focused on maintaining momentum through its transformation and productivity programs.
Looking ahead, Hershey aims to continue its strategy of innovation and market expansion while navigating the anticipated cost challenges. The management remains committed to delivering long-term performance and value for its shareholders.
