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The Hershey Company (HSY - Free Report) is one of the largest chocolate manufacturers in North America marketing some of the world’s leading brands like Hershey’s, Reese’s and Kisses which enjoy widespread consumer acceptance.
Hershey’s sales trends have been feeble since 2014 due to weak category trends, intense competition from the broader snacking category and soft international growth. The company is experiencing continued weakness in demand in China and North America. However, despite lackluster sales, Hershey was able to maintain relatively better margins on the back of supply chain savings and productivity gains.
HSY witnessed some downward earnings estimate revisions for 2016 over the past 30 days. However, HSY has a decent earnings surprise history. HSY has posted positive earnings surprise in all of the past four quarters, bringing the average to a positive surprise of 4.37%.
Currently, HSY has a Zacks Rank #4 (Sold), but that could change following Hershey’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: HSY beat on earnings. Our consensus earnings estimate called for EPS of $0.78/share, and the company reported EPS of $0.85 instead. Investors should note that these figures take out stock option expenses.
Revenues: HSY reported revenues of $1.64 billion. This beat our consensus estimate of $1.61 billion.
Key Stats to Note: Organically, excluding the impact of currency and acquisitions, sales rose 4%, due to higher volumes. The favorable timing of some merchandising programs in North America benefitted sales in the second quarter.
Share Price Impact: In-active in pre-market trading.
Check back later for our full write up on this HSY earnings report later!
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Hershey (HSY) Beats on Q2 Earnings and Sales
The Hershey Company (HSY - Free Report) is one of the largest chocolate manufacturers in North America marketing some of the world’s leading brands like Hershey’s, Reese’s and Kisses which enjoy widespread consumer acceptance.
Hershey’s sales trends have been feeble since 2014 due to weak category trends, intense competition from the broader snacking category and soft international growth. The company is experiencing continued weakness in demand in China and North America. However, despite lackluster sales, Hershey was able to maintain relatively better margins on the back of supply chain savings and productivity gains.
HSY witnessed some downward earnings estimate revisions for 2016 over the past 30 days. However, HSY has a decent earnings surprise history. HSY has posted positive earnings surprise in all of the past four quarters, bringing the average to a positive surprise of 4.37%.
Currently, HSY has a Zacks Rank #4 (Sold), but that could change following Hershey’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
HERSHEY CO/THE Price and EPS Surprise
HERSHEY CO/THE Price and EPS Surprise | HERSHEY CO/THE Quote
Earnings: HSY beat on earnings. Our consensus earnings estimate called for EPS of $0.78/share, and the company reported EPS of $0.85 instead. Investors should note that these figures take out stock option expenses.
Revenues: HSY reported revenues of $1.64 billion. This beat our consensus estimate of $1.61 billion.
Key Stats to Note: Organically, excluding the impact of currency and acquisitions, sales rose 4%, due to higher volumes. The favorable timing of some merchandising programs in North America benefitted sales in the second quarter.
Share Price Impact: In-active in pre-market trading.
Check back later for our full write up on this HSY earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download7 Best Stocks for the Next 30 Days. Click to get this free report >>