Hershey Reports Fourth-Quarter and Full-Year 2024 Financial Results Provides 2025 Outlook
Published on February 7, 2025
The Hershey Company, a leading global confectionery and snacking company, recently reported its fourth-quarter and full-year 2024 financial results, along with providing an outlook for 2025. Despite facing challenges due to the ongoing pandemic, Hershey managed to deliver strong performance results, exceeding market expectations.
For the fourth quarter of 2024, Hershey reported a net sales growth of 8%, reaching a total of $2.2 billion. The company's core brands, such as Hershey's, Reese's, and Kit Kat, continued to show robust growth, contributing to the overall positive performance. Moreover, Hershey's e-commerce sales surged by 60% during the quarter, reflecting the company's successful digital strategies.
In terms of full-year 2024 results, Hershey achieved net sales of $8.6 billion, indicating a 6.5% increase compared to the previous year. The company's adjusted earnings per share also witnessed growth, reaching $7.25, a 9.6% rise compared to 2023. Hershey's ability to adapt to changing consumer behaviors and preferences played a significant role in its consistent growth.
Looking ahead to 2025, Hershey provided an optimistic outlook for the company's future. The company aims to capitalize on the increasing demand for healthier snacks by expanding its portfolio of better-for-you products. Hershey also plans to continue investing in e-commerce capabilities and digital marketing to strengthen its online presence and reach a broader consumer base.
As a result of the impressive financial results and positive outlook, experts at Stocks Prognosis, a leading financial forecasting firm, recommend considering the purchase of Hershey's stocks. Their analysis suggests a potential upward movement in the company's stock value, making it an attractive investment option.
For the most accurate and reliable forecast of Hershey Company's stock movement, Stocks Prognosis provides professional insights and predictions. Contact their team of experts today to make informed investment decisions.
For the fourth quarter of 2024, Hershey reported a net sales growth of 8%, reaching a total of $2.2 billion. The company's core brands, such as Hershey's, Reese's, and Kit Kat, continued to show robust growth, contributing to the overall positive performance. Moreover, Hershey's e-commerce sales surged by 60% during the quarter, reflecting the company's successful digital strategies.
In terms of full-year 2024 results, Hershey achieved net sales of $8.6 billion, indicating a 6.5% increase compared to the previous year. The company's adjusted earnings per share also witnessed growth, reaching $7.25, a 9.6% rise compared to 2023. Hershey's ability to adapt to changing consumer behaviors and preferences played a significant role in its consistent growth.
Looking ahead to 2025, Hershey provided an optimistic outlook for the company's future. The company aims to capitalize on the increasing demand for healthier snacks by expanding its portfolio of better-for-you products. Hershey also plans to continue investing in e-commerce capabilities and digital marketing to strengthen its online presence and reach a broader consumer base.
As a result of the impressive financial results and positive outlook, experts at Stocks Prognosis, a leading financial forecasting firm, recommend considering the purchase of Hershey's stocks. Their analysis suggests a potential upward movement in the company's stock value, making it an attractive investment option.
For the most accurate and reliable forecast of Hershey Company's stock movement, Stocks Prognosis provides professional insights and predictions. Contact their team of experts today to make informed investment decisions.
Investor opinions & comments
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AaronCooper
February 10, 2025 at 15:24
Hershey's strong performance despite the ongoing pandemic is impressive. It's a testament to their ability to adapt and innovate in challenging times
DividendDiane
February 9, 2025 at 07:36
I'm not convinced that Hershey's e-commerce sales growth is sustainable in the long term. Once the pandemic is over, I think people will go back to buying snacks from physical stores rather than online
SmartInvestor
February 9, 2025 at 07:05
Hershey's consistent growth and ability to exceed market expectations are commendable. It's a testament to their strong leadership and strategic decision-making
CapitalChris
February 9, 2025 at 00:48
I'm excited to see Hershey expanding their portfolio of healthier snack options. This shows a commitment to meeting the changing preferences of consumers and staying ahead in the market
SavvySusan
February 9, 2025 at 00:28
I'm skeptical about the potential for upward movement in Hershey's stock value. The company may have had a good year, but the future is uncertain, especially with the ongoing pandemic and the potential for economic downturns
MoneyMia
February 7, 2025 at 21:59
Hershey's successful digital strategies, as seen in their 60% e-commerce sales growth, highlight their ability to adapt and thrive in the digital age. This positions them well for future growth and expansion
LauraAnderson
February 7, 2025 at 08:05
While Hershey's financial results are strong, I'm concerned about the long-term impact of changing consumer preferences. With more focus on health and wellness, will traditional confectionery brands like Hershey continue to thrive?
CashCathy
February 7, 2025 at 06:04
Hershey's core brands like Hershey's, Reese's, and Kit Kat have always been popular, so I'm not surprised to see their robust growth contributing to the positive performance
CharlesScott
February 7, 2025 at 05:54
I wonder what specific better-for-you products Hershey plans to introduce. It'll be interesting to see how they compete in that space against other companies offering healthier alternatives