Hershey shares dip slightly ahead of CAGNY conference

EditorLouis Juricic
Published 18-02-2025, 07:52 pm
© Reuters.

Investing.com -- Shares of The Hershey Company (NYSE:HSY) edged down 0.3% today as the company prepared to present at the 2025 Consumer Analyst Group of New York (CAGNY) conference. Despite the slight decline, Hershey reaffirmed its earnings outlook for the full year of 2025, consistent with the guidance provided in its February 6 earnings release.

At the conference, set to take place at 1 p.m. ET today, Michele G. Buck, Hershey’s Chairman, President and CEO, along with Steven E. Voskuil, Senior Vice President and CFO, will discuss the company’s growth strategies and achievements in enhancing commercial capabilities and optimizing its operating model. The aim of these initiatives is to deliver long-term shareholder value.

Hershey’s reaffirmed financial expectations for 2025 include a net sales growth of at least 2%. However, the company also anticipates reported earnings per share (EPS) growth to be down in the high-40% range and adjusted EPS growth to be down in the mid-30% range. These projections take into account the approximately 30 basis point benefit to net sales growth from the Sour Strips acquisition and an approximate 30 basis point headwind from foreign currency exchange rates.

Investors appeared to react cautiously to the reaffirmed guidance, with the minor stock movement reflecting a market that had already absorbed the February 6 earnings information. Hershey’s commitment to its growth strategies and operational optimizations suggests a focus on long-term gains, even as it faces short-term challenges reflected in the projected decline in EPS growth.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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