Hershey: Reports Second-Quarter 2023 Financial Results

Hershey / PA. (thc) The Hershey Company announced net sales and earnings for the second quarter ended July 02, 2023, reaffirmed its 2023 net sales outlook, updated its full-year reported earnings outlook to reflect additional acquisition costs, and raised its full-year adjusted earnings outlook.

«Our categories continue to perform well as consumer demand for great tasting snacks remains resilient across the globe,» said Michele Buck, The Hershey Company President and Chief Executive Officer. «We delivered another quarter of strong net sales growth, gross margin expansion and double-digit earnings growth, enabling us to raise our full-year adjusted earnings outlook and increase our dividend 15 percent. New capacity and increased brand investment should enable us to sustain this momentum in the second half as we provide consumers with even more of their favorite snacks for seasonal celebrations and expand distribution across segments and markets.»

For additional information please read the Company’s PDF file below (257 KB):