Hershey Q4 2023 Adj EPS $2.02 Beats $1.95 Estimate, Sales $2.66B Miss $2.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hershey reported Q4 2023 adjusted EPS of $2.02, surpassing the $1.95 estimate, but its sales of $2.66B fell short of the expected $2.70B. This represents a slight sales increase of 0.19% compared to the same period last year.
February 08, 2024 | 11:46 am
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NEUTRAL IMPACT
Hershey's Q4 2023 earnings surpassed EPS estimates but fell short on sales expectations, showing a slight year-over-year sales growth.
While Hershey's earnings per share exceeded expectations, the miss on sales forecasts could temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The slight year-over-year sales growth indicates stability but may not be sufficient to drive significant positive momentum in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100