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

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

好時 | 8-K:好時公佈2024年第三季度財務業績;更新2024年淨銷售額和收益展望
美股SEC公告 ·  2024/11/07 19:53

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Hershey reported Q3 2024 consolidated net sales of $2.99B, down 1.4% YoY, with organic constant currency sales declining 1.0%. Net income decreased 12.7% to $446.3M, while adjusted EPS fell 10.0% to $2.34. The performance was impacted by historically high cocoa prices and challenging consumer environment.North America Confectionery segment sales grew 0.8% to $2.48B, while North America Salty Snacks revenue declined 15.5% to $291.8M. International segment sales decreased 3.9% to $218.4M. Gross margin contracted 360 basis points to 41.3%, primarily due to higher commodity costs and unfavorable input cost timing.The company reduced its 2024 outlook, now expecting flat net sales growth compared to previous guidance of ~2%. Reported EPS growth is projected at -9% to -6%, down from earlier -3% to -1% forecast. Hershey plans to focus on driving top-line growth through in-store execution, portfolio expansion, and seasonal strength while implementing cost-saving initiatives.
Hershey reported Q3 2024 consolidated net sales of $2.99B, down 1.4% YoY, with organic constant currency sales declining 1.0%. Net income decreased 12.7% to $446.3M, while adjusted EPS fell 10.0% to $2.34. The performance was impacted by historically high cocoa prices and challenging consumer environment.North America Confectionery segment sales grew 0.8% to $2.48B, while North America Salty Snacks revenue declined 15.5% to $291.8M. International segment sales decreased 3.9% to $218.4M. Gross margin contracted 360 basis points to 41.3%, primarily due to higher commodity costs and unfavorable input cost timing.The company reduced its 2024 outlook, now expecting flat net sales growth compared to previous guidance of ~2%. Reported EPS growth is projected at -9% to -6%, down from earlier -3% to -1% forecast. Hershey plans to focus on driving top-line growth through in-store execution, portfolio expansion, and seasonal strength while implementing cost-saving initiatives.
好時發佈了2024年第三季度合併淨銷售額爲29.9億美金,同比下降1.4%,有機固定匯率銷售額下降1.0%。凈利潤下降12.7%至44630萬美元,而調整後的每股收益下降10.0%至2.34美元。業績受到歷史高可可價格和消費環境挑戰的影響。北美糖果部門銷售增長0.8%至24.8億美金,而北美鹹味零食營業收入下降15.5%至29180萬美元。國際部門銷售下降3.9%至21840萬美元。毛利率縮減360個點子,降至41.3%,主要由於商品成本上升和不利的輸入成本時機。公司下調了2024年展望,現在預計淨銷售增長將持平,之前的指導約爲2%。報告的每股收益增長預計在-9%到-6%之間,低於早先的-3%到-1%的預測。好時計劃通過店內執行、產品組合擴展和季節性強度來推動營業收入增長,同時實施節約成本的舉措。
好時發佈了2024年第三季度合併淨銷售額爲29.9億美金,同比下降1.4%,有機固定匯率銷售額下降1.0%。凈利潤下降12.7%至44630萬美元,而調整後的每股收益下降10.0%至2.34美元。業績受到歷史高可可價格和消費環境挑戰的影響。北美糖果部門銷售增長0.8%至24.8億美金,而北美鹹味零食營業收入下降15.5%至29180萬美元。國際部門銷售下降3.9%至21840萬美元。毛利率縮減360個點子,降至41.3%,主要由於商品成本上升和不利的輸入成本時機。公司下調了2024年展望,現在預計淨銷售增長將持平,之前的指導約爲2%。報告的每股收益增長預計在-9%到-6%之間,低於早先的-3%到-1%的預測。好時計劃通過店內執行、產品組合擴展和季節性強度來推動營業收入增長,同時實施節約成本的舉措。
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