Hershey Q1 2024 Adj EPS $3.07 Beats $2.76 Estimate, Sales $3.252B Beat $3.112B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hershey reported Q1 2024 adjusted EPS of $3.07, surpassing the $2.76 estimate, and sales of $3.252B, exceeding the $3.112B estimate. This represents an earnings increase of 10.04% and a sales increase of 8.84% compared to the same period last year.
May 03, 2024 | 10:45 am
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POSITIVE IMPACT
Hershey's Q1 2024 earnings and sales exceeded analyst expectations, showing strong year-over-year growth.
Beating both earnings and sales estimates significantly, especially with double-digit earnings growth compared to the previous year, indicates strong company performance and operational efficiency. This positive surprise is likely to instill investor confidence and could lead to a short-term uptick in HSY's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100