Hershey's falls to 3yr low after cutting sales and earnings guidance
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Hershey's stock hit a three-year low after the company cut its sales and earnings guidance due to high cocoa prices and a challenging consumer environment. Third-quarter net sales were below expectations.
November 07, 2024 | 6:15 pm
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Hershey's stock fell to a three-year low after the company reduced its sales and earnings guidance, citing high cocoa prices and a challenging consumer environment. Third-quarter sales missed expectations.
Hershey's reduction in sales and earnings guidance, along with missing Q3 sales expectations, directly impacts investor sentiment negatively. The high cocoa prices and challenging consumer environment are significant factors affecting the company's financial performance.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100