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Hershey | 10-Q: Q3 2024 Earnings Report

Hershey | 10-Q: Q3 2024 Earnings Report

好时 | 10-Q:2024财年三季报
美股SEC公告 ·  11/07 11:28

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Hershey, a global confectionery leader, reported a decrease in net sales for the third quarter of 2024, with a 1.4% drop compared to the same period in 2023, totaling $2,987.5 million. The decline was attributed to a volume decrease of approximately 3%, primarily in salty snack brands, and was partially offset by a favorable price realization of approximately 2%. Operating profit also saw a decrease of 16.7% to $613.2 million, with a corresponding operating profit margin reduction to 20.5%. Net income for the quarter fell by 13.9% to $446.3 million, and diluted earnings per share decreased by 12.7% to $2.20. The company's business development included the acquisition of assets from Weaver Popcorn Manufacturing, Inc. in May 2023, enhancing manufacturing capacity for Hershey's SkinnyPop brand. Hershey's future plans involve monitoring discretionary spending and evaluating potential impacts of macroeconomic conditions, including commodity price volatility and geopolitical events, on its business operations and financial results. The company remains confident in its liquidity to support strategic initiatives despite the challenging economic environment.
Hershey, a global confectionery leader, reported a decrease in net sales for the third quarter of 2024, with a 1.4% drop compared to the same period in 2023, totaling $2,987.5 million. The decline was attributed to a volume decrease of approximately 3%, primarily in salty snack brands, and was partially offset by a favorable price realization of approximately 2%. Operating profit also saw a decrease of 16.7% to $613.2 million, with a corresponding operating profit margin reduction to 20.5%. Net income for the quarter fell by 13.9% to $446.3 million, and diluted earnings per share decreased by 12.7% to $2.20. The company's business development included the acquisition of assets from Weaver Popcorn Manufacturing, Inc. in May 2023, enhancing manufacturing capacity for Hershey's SkinnyPop brand. Hershey's future plans involve monitoring discretionary spending and evaluating potential impacts of macroeconomic conditions, including commodity price volatility and geopolitical events, on its business operations and financial results. The company remains confident in its liquidity to support strategic initiatives despite the challenging economic environment.
好时,全球糖果业领军企业,报告称2024年第三季度的净销售额下降了1.4%,相较于2023年同期下降,总计298750万美元。这一下滑主要归因于成交量下降约3%,主要是在咸味零食品牌,同时部分得到了约2%的有利价格实现的抵消。营业利润也下降了16.7%,降至61320万美元,相应的营业利润率下降至20.5%。季度净利润下滑了13.9%,降至44630万美元,每股摊薄收益也下降了12.7%,降至2.20美元。公司的业务发展包括于2023年5月收购了Weaver Popcorn Manufacturing, Inc. 的资产,增强了好时的SkinnyPop品牌的制造能力。好时的未来计划涉及监控自由支出,并评估大宏观经济状况可能对其业务运营和财务结果产生的影响,包括商品价格波动和地缘政治事件。尽管经济环境严峻,公司仍对其支持战略举措的流动性充满信心。
好时,全球糖果业领军企业,报告称2024年第三季度的净销售额下降了1.4%,相较于2023年同期下降,总计298750万美元。这一下滑主要归因于成交量下降约3%,主要是在咸味零食品牌,同时部分得到了约2%的有利价格实现的抵消。营业利润也下降了16.7%,降至61320万美元,相应的营业利润率下降至20.5%。季度净利润下滑了13.9%,降至44630万美元,每股摊薄收益也下降了12.7%,降至2.20美元。公司的业务发展包括于2023年5月收购了Weaver Popcorn Manufacturing, Inc. 的资产,增强了好时的SkinnyPop品牌的制造能力。好时的未来计划涉及监控自由支出,并评估大宏观经济状况可能对其业务运营和财务结果产生的影响,包括商品价格波动和地缘政治事件。尽管经济环境严峻,公司仍对其支持战略举措的流动性充满信心。
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