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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

好時 | 8-K:好時公佈2024年第二季度財務業績;更新2024年淨銷售額和收益展望
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,好時公司公佈了截至2024年6月30日的第二季度財務報告。公司的綜合淨銷售收入大幅下降,降低了16.7%,爲2.0745億美元。這一下降歸因於北美糖果和國際板塊計劃庫存減少導致的約9點下降,以及零售商庫存水平下降和季節性裝運時間的約7點下降。報告淨利潤也大幅下降了55.1%,至1.809萬美元,或每股攤薄0.89美元。每股攤薄調整後的收益率下降了36.8%,至1.27美元。好時總裁兼首席執行官Michele Buck承認了消費者在自主支出方面的影響,但對公司在糖果類別的增長和鹹味零食的勢頭表達了信懇智能。該公司還更新了2024年的全年財務展望,預計淨銷售額將增長約2%,報告股份收益增長將下降3%至1%,調整後的股份收益增長將略微下降。
2024年8月1日,好時公司公佈了截至2024年6月30日的第二季度財務報告。公司的綜合淨銷售收入大幅下降,降低了16.7%,爲2.0745億美元。這一下降歸因於北美糖果和國際板塊計劃庫存減少導致的約9點下降,以及零售商庫存水平下降和季節性裝運時間的約7點下降。報告淨利潤也大幅下降了55.1%,至1.809萬美元,或每股攤薄0.89美元。每股攤薄調整後的收益率下降了36.8%,至1.27美元。好時總裁兼首席執行官Michele Buck承認了消費者在自主支出方面的影響,但對公司在糖果類別的增長和鹹味零食的勢頭表達了信懇智能。該公司還更新了2024年的全年財務展望,預計淨銷售額將增長約2%,報告股份收益增長將下降3%至1%,調整後的股份收益增長將略微下降。
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