Hershey Raises FY22 Outlook; Boosts Dividend 15% - Update

RTTNews | 1092 dias atrás
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

Etiquetas: 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 | 667 dias atrás
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 | 855 dias atrás
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

The Switzerland market stayed a bit positive in early trades on Thursday, but retreated around mid morning and then spent the rest of the day's session in negative territory, as investors stayed largely cautious, reacting to earnings and awaiting news from the trade front.
RTTNews | 2 h 17 min atrás
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European stocks closed broadly higher on Thursday despite paring most of their early gains, after the European Central Bank left its interest rate unchanged for the first time in a year. The ECB held its key interest rates steady, in line with expectations.
RTTNews | 2 h 37 min atrás
U.S. New Home Sales Rebound Much Less Than Expected In June

U.S. New Home Sales Rebound Much Less Than Expected In June

After reporting a steep drop by new home sales in the U.S. in the previous month, the Commerce Department released a report on Thursday showing a modest rebound by new home sales in the month of June. The Commerce Department said new home sales rose by 0.6 percent to an annual rate of 627,000 in June after plummeting by 11.6 percent to a rate of 623,000 in May.
RTTNews | 4 h 29 min atrás
U.S. Initial Jobless Claims Unexpectedly Dip To 217,000

U.S. Initial Jobless Claims Unexpectedly Dip To 217,000

The Labor Department released a report on Thursday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended July 19th. The report said initial jobless claims edged down to 217,000, a decrease of 4,000 from the previous week's unrevised level of 221,000. Economists had expected jobless claims to rise to 227,000.
RTTNews | 5 h 11 min atrás
ECB Leaves Rates Unchanged As Expected

ECB Leaves Rates Unchanged As Expected

The European Central Bank held its key interest rates steady on Thursday, in line with expectations, as policymakers assessed that price pressures continue to ease, but acknowledged that the economic environment remains highly uncertain mainly due to the trade tariff wars.
RTTNews | 5 h 56 min atrás
UK Private Sector Growth Moderates On Services Activity

UK Private Sector Growth Moderates On Services Activity

UK private sector output continued to grow in July but the pace of expansion moderated as services activity lost momentum, flash survey results from S&P Global revealed on Thursday. The composite output index slid to 51.0 in July from 52.0 in June. The reading was also above the forecast of 51.9.
RTTNews | 6 h 36 min atrás