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Shares of chocolate company Hershey (NYSE:HSY)
jumped 3.2% in the morning session after the company reported second-quarter earnings and revenue that significantly surpassed Wall Street expectations. The chocolate maker posted revenue of $2.61 billion, a 26% increase from the prior year, and adjusted earnings of $1.21 per share, both of which significantly surpassed analyst forecasts. This strong performance was attributed to solid sales growth and market-share gains in its U.S. confection and salty-snacks business units. The robust results were also aided by favorable comparisons against the previous year, which was impacted by planned inventory reductions related to an Enterprise Resource Planning (ERP) system implementation. Investors appeared to focus on the impressive quarterly beat, overlooking the company's decision to lower its full-year earnings outlook amid ongoing tariff expenses.
Hershey (HSY) beat expectations with Q2 earnings and sales due to volume gains and strategic execution. However, full-year earnings outlook lowered due to tariff expenses.
The US market is yet to commence its session on Wednesday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
Chocolate company Hershey (NYSE:HSY) reported Q2 CY2025 results beating Wall Street’s revenue expectations, with sales up 26% year on year to $2.61 billion. Its non-GAAP profit of $1.21 per share was 20.4% above analysts’ consensus estimates.
Hershey's Q2 2025 earnings beat estimates with $2.61B revenue and $1.21 EPS, but shares dipped due to tariff costs and revised guidance. Strong performance in confectionery and snacks.
Brokerage Stifel raised its price target on Hershey to $180 from $160 and maintained a ‘Hold’ rating as it approached the second-quarter earnings season "with caution."
