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Hershey | 8-K: Hershey Reports Second-Quarter 2024 Financial Results; Updates 2024 Net Sales and Earnings Outlook

Hershey | 8-K: Hershey Reports Second-Quarter 2024 Financial Results; Updates 2024 Net Sales and Earnings Outlook

好时 | 8-K：好时公布2024年第二季度财务业绩；更新2024年净销售额和收益展望
美股SEC公告 ·  08/01 18:51

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On August 1, 2024, The Hershey Company reported its financial results for the second quarter ended June 30, 2024. The company experienced a significant decrease in consolidated net sales, which dropped by 16.7% to $2,074.5 million. This decline was attributed to a roughly 9-point decrease due to planned inventory reductions in North America Confectionery and International segments, and an approximate 7-point decline from lower retailer inventory levels and seasonal shipment timing. Reported net income also fell sharply by 55.1% to $180.9 million, or $0.89 per share-diluted. Adjusted earnings per share-diluted saw a decrease of 36.8% to $1.27. Hershey's President and CEO, Michele Buck, acknowledged the impact of consumers pulling back on discretionary spending but expressed confidence in the company's growth in the confection category and momentum in Salty Snacks. The company also updated its full-year financial outlook for 2024, projecting net sales growth of around 2%, a decrease in reported earnings per share growth by 3% to 1%, and a slight decrease in adjusted earnings per share growth.
On August 1, 2024, The Hershey Company reported its financial results for the second quarter ended June 30, 2024. The company experienced a significant decrease in consolidated net sales, which dropped by 16.7% to $2,074.5 million. This decline was attributed to a roughly 9-point decrease due to planned inventory reductions in North America Confectionery and International segments, and an approximate 7-point decline from lower retailer inventory levels and seasonal shipment timing. Reported net income also fell sharply by 55.1% to $180.9 million, or $0.89 per share-diluted. Adjusted earnings per share-diluted saw a decrease of 36.8% to $1.27. Hershey's President and CEO, Michele Buck, acknowledged the impact of consumers pulling back on discretionary spending but expressed confidence in the company's growth in the confection category and momentum in Salty Snacks. The company also updated its full-year financial outlook for 2024, projecting net sales growth of around 2%, a decrease in reported earnings per share growth by 3% to 1%, and a slight decrease in adjusted earnings per share growth.
2024年8月1日，好时公司公布了截至2024年6月30日第二季度的财务业绩。公司的综合净销售额显著下降，降幅达16.7%，仅为2.074.5亿美元。这一下降归因于在北美糖果和国际业务领域计划减少库存导致的约9个百分点下降，以及零售商库存水平下降和季节性装运时间导致的约7个百分点下降。报告的净利润也急剧下降了55.1%，至1.809亿美元，每股摊薄收益为0.89美元。调整后的每股摊薄收益同比下降36.8%，至1.27美元。好时总裁兼首席执行官米歇尔·巴克承认了消费者在自愿消费方面的紧缩对企业的影响，但对公司在糖果类别的增长以及咸味零食的势头表示信恳智能。公司还更新了2024财年的全年财务展望，预计净销售额增长约2%，报告的每股收益增长下降3%至1%，调整后的每股收益增长略有下降。
2024年8月1日，好时公司公布了截至2024年6月30日第二季度的财务业绩。公司的综合净销售额显著下降，降幅达16.7%，仅为2.074.5亿美元。这一下降归因于在北美糖果和国际业务领域计划减少库存导致的约9个百分点下降，以及零售商库存水平下降和季节性装运时间导致的约7个百分点下降。报告的净利润也急剧下降了55.1%，至1.809亿美元，每股摊薄收益为0.89美元。调整后的每股摊薄收益同比下降36.8%，至1.27美元。好时总裁兼首席执行官米歇尔·巴克承认了消费者在自愿消费方面的紧缩对企业的影响，但对公司在糖果类别的增长以及咸味零食的势头表示信恳智能。公司还更新了2024财年的全年财务展望，预计净销售额增长约2%，报告的每股收益增长下降3%至1%，调整后的每股收益增长略有下降。
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