HERSHEY COMPANY ($NYSE:HSY) reported its earnings results for the second quarter of FY2023, which ended June 30 2023, on July 27 2023.
On Thursday, HERSHEY COMPANY reported their FY2023 Q2 earnings results as of June 30 2023. Their stock opened at $236.0 and closed at $233.6, a decrease of 2.9% from the previous closing price of 240.4. The Hershey Company is a leading manufacturer of confectionery, food and beverage products in North America and around the world. They offer a unique portfolio of well-known brands such as Hershey’s, Reese’s, Kit Kat, Twizzlers, and Jolly Rancher.
They also produce and license ice cream and non-chocolate confectionery products through their ice cream segment. This increase was partially offset by lower sales of confectionery products in North America. With their strong portfolio of well-known brands and continued focus on innovation, they remain confident in their ability to deliver long-term growth and value for shareholders. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
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At GoodWhale, we have conducted a comprehensive analysis of HERSHEY COMPANY‘s financials. Based on our Risk Rating, HERSHEY COMPANY is a medium risk investment when it comes to financial and business aspects. Our analysis has identified two risk warnings in the balance sheet, both of which are non-financial in nature. To find out what these risks are, and to discuss them with our experts, we invite you to register on GoodWhale.com. There, you can find all the information you need to make an informed decision about investing in HERSHEY COMPANY. More…
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The Hershey Co. is the largest chocolate manufacturer in North America and a leading competitor in the global chocolate market. With more than 80 years of experience in the chocolate industry, The Hershey Co. has a strong reputation for quality and innovation. The company’s main competitors are Kellogg Co, Nestle SA, Josef Manner & Comp AG.
– Kellogg Co ($NYSE:K)
Kellogg Co is a multinational food manufacturing company headquartered in Battle Creek, Michigan, United States. Kellogg’s produces cereal and convenience foods, including cookies, crackers, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles, and veggie foods. The company’s products are marketed in over 180 countries.
Nestle is a Swiss food and beverage company with a market cap of 294.41 billion as of 2022. The company has a return on equity of 14.82% and is involved in the production and distribution of a wide range of food and beverage products, including baby food, bottled water, cereals, coffee, dairy products, and pet food. Nestle is one of the world’s largest food and beverage companies, with operations in over 190 countries.
– Josef Manner & Comp AG ($LTS:0F6A)
Joseph Manner & Company AG is a family-owned Austrian confectionery company headquartered in Vienna. It is one of the oldest companies in Austria, founded in 1860. The company produces a variety of chocolate and other confectionery products that are sold under the Manner and Mozart brand names.
Hershey Company has reported strong financial results for FY2023 Q2, with total revenue growing 5.0% year-on-year and net income up 29.0%. These positive earnings indicate that Hershey remains a solid investment option for investors. Given its consistent performance, investors should consider adding Hershey to their portfolio to benefit from its stability and potential for growth.