Hershey: Reports First-Quarter 2024 Financial Results

Hershey / PA. (thc) The Hershey Company announced net sales and earnings for the first quarter ended March 31, 2024 and reaffirmed its 2024 net sales and earnings outlook. «We are off to a strong start and remain on track to deliver our business strategies and financial commitments for the year,» said Michele Buck, President and Chief Executive Officer. «Our investments in innovation, marketing and in-store execution are driving consumer engagement and improving market share performance across segments. We are successfully operating in our new ERP system, a major milestone towards achieving our previously announced agility and efficiency targets. As we continue to navigate recent volatility in the business, we remain committed to strategies that drive long-term growth and sustainable value creation.»

First-Quarter 2024 Financial Results Summary

  • Consolidated net sales of USD 3,252.7 million, an increase of 8.9 percent.
  • Organic, constant currency net sales increased 8.6 percent.
  • Reported net income of USD 797.5 million, or USD 3.89 per share-diluted, an increase of 36.5 percent.
  • Adjusted earnings per share-diluted of USD 3.07, an increase of 3.7 percent.

For additional information please read the company’s PDF file below (250 KB):