Hershey Q2 Adj. EPS $2.01 Beats $1.91 Estimate, Sales $2.49B Miss $2.50B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hershey (NYSE:HSY) reported Q2 earnings of $2.01 per share, beating the analyst consensus estimate of $1.91 by 5.24%. This is an 11.67% increase from the same period last year. However, the company's quarterly sales of $2.49 billion missed the analyst consensus estimate of $2.50 billion by 0.40%, though it's a 4.93% increase from last year.
July 27, 2023 | 10:46 am
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NEUTRAL IMPACT
Hershey's Q2 earnings beat estimates but sales missed slightly. Earnings per share increased by 11.67% YoY and sales increased by 4.93% YoY.
Hershey's earnings beat estimates, which is positive for the stock. However, the slight miss on sales could offset this positive impact. The YoY growth in both earnings and sales indicates the company's strong performance despite the miss on sales estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100