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Investing.com - Hershey Foods (NYSE:HSY) reported first-quarter earnings that exceeded analyst expectations, while revenue fell slightly short.
The chocolate and snack maker also reaffirmed its full-year guidance.
Hershey posted adjusted earnings per share of $2.09 for the first quarter, surpassing the analyst consensus of $1.97 by $0.12. However, revenue came in at $2.81 billion, below the estimated $2.84 billion and representing a 13.8% decrease YoY.
Hershey’s stock edged up 0.4% following the earnings release, suggesting a neutral market reaction to the mixed results.
For the full year 2025, Hershey reiterated its outlook, projecting net sales growth of at least 2% and adjusted earnings per share between $6.00 and $6.18. This guidance aligns with the current analyst consensus of $6.08 per share.
The company expects to incur approximately $15 million to $20 million in tariff expenses during the second quarter.
Additionally, Hershey anticipates capital expenditures of $425 million to $450 million and savings of about $125 million from its Advancing Agility & Automation Initiative.
Hershey’s guidance does not include potential impacts from new tariff actions or its proposed acquisition of LesserEvil, reflecting ongoing uncertainties in the global trade environment.
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