Hershey Reaffirms FY2023 Adj EPS Guidance of $9.46-9.54 vs $9.54 Est; GAAP EPS $9.03 - $9.15
Portfolio Pulse from Benzinga Newsdesk
Hershey (NYSE:HSY) has raised its FY2023 adjusted EPS guidance from $9.46 to a range of $9.46-9.54, compared to the analyst estimate of $9.51. The company also reaffirmed its FY2023 sales outlook at $11.25 billion, slightly below the estimate of $11.26 billion.
October 26, 2023 | 10:51 am
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Hershey's raised EPS guidance and reaffirmed sales outlook may positively impact its stock in the short term.
Hershey's raised EPS guidance indicates that the company expects to perform better than previously anticipated. This, along with the reaffirmed sales outlook, signals stability and potential growth, which could attract investors and drive the stock price up.
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