Hershey Raises FY22 Outlook; Boosts Dividend 15% - Update

RTTNews | 1025 วันที่ผ่านมา
Hershey Raises FY22 Outlook; Boosts Dividend 15% - Update

(RTTNews) - While reporting financial results for the second quarter on Thursday, Hershey Co. (HSY) raised its adjusted earnings and net sales growth guidance for the full-year 2022, reflecting the strength of its performance in the first-half and expectations for the second half of the year.

For fiscal 2022, the company now projects adjusted earnings in the range of $8.05 to $8.20 per share on net sales growth of 12 to 14 percent.

Previously, the company expected adjusted earnings in the range of $7.91 to $8.05 per share on net sales growth of 10 to 12 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $8.05 per share on net sales growth of 11.3 percent to $9.99 billion for the year. Analysts' estimates typically exclude special items.

The Board of Directors of The Hershey Company also declared 15 percent higher quarterly dividend of $1.036 on the Common Stock and $0.942 on the Class B Common Stock, payable September 15, 2022, to shareholders of record as of August 19, 2022.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

แท็ก : HSY
read more
Hershey Canada Launches First Plant-Based Chocolate Bar In Canada

Hershey Canada Launches First Plant-Based Chocolate Bar In Canada

Hershey Canada, Inc., a wholly owned subsidiary of Hershey Co. (HSY), announced Tuesday the launch of its first-ever plant-based chocolate, HERSHEY'S OAT MADE. It offers all of Hershey's iconic, smooth and creamy taste in a completely vegan format.
RTTNews | 600 วันที่ผ่านมา
Hershey Reaffirms FY23 Outlook

Hershey Reaffirms FY23 Outlook

Ahead of its Investor Day later on Wednesday, The Hershey Co. (HSY) reaffirmed its earnings, adjusted earnings and net sales growth for the full-year 2023.
RTTNews | 788 วันที่ผ่านมา
Australian Market Halves Early Losses In Mid-market

Australian Market Halves Early Losses In Mid-market

The Australian stock market is halving its early losses in mid-market trading on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, energy and financial stocks partially offset by gains in gold miners.
RTTNews | 1 ชม. 22 นาทีที่ผ่านมา
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are mostly lower on Monday, following the positive cues from Wall Street on Friday, as traders react to surprise downgrade of the US government's credit rating by one notch to Aa1 by Moody's Ratings, being the last of the three major credit rating agencies to downgrade it. They also react to China announcing anti-dumping duties on plastics from the U.S., EU, Japan and Taiwan.
RTTNews | 1 ชม. 39 นาทีที่ผ่านมา
Sensex, Nifty Seen Lower On US Debt Concerns

Sensex, Nifty Seen Lower On US Debt Concerns

Indian shares look set to open lower on Monday as investors fret about the changing geo-political landscape in India's neighborhood as a new bonhomie between Bangladesh, China and Pakistan takes shape silently.
RTTNews | 2 ชม. 10 นาทีที่ผ่านมา
Thai Bourse May Reclaim 1,200-Point Plateau

Thai Bourse May Reclaim 1,200-Point Plateau

The Thai stock market has alternated between positive and negative finishes through the last eight trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,195-point plateau and it's expected to open to the upside again on Monday.
RTTNews | 2 ชม. 51 นาทีที่ผ่านมา
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese stock market is trading notably lower on Monday, extending the losses in the previous three sessions, despite the broadly positive cues from Wall Street on Friday, with the Nikkei 225 falling below the 37,600 level, with a mixed performance across most sectors.
RTTNews | 3 ชม. 15 นาทีที่ผ่านมา