Hershey Surpasses Q1 Earnings Expectations, Maintains Annual Outlook

Despite robust first-quarter results, Hershey keeps its full-year earnings and sales forecast unchanged.

Hershey reported a significant 36.5% increase in EPS, reaching $3.89, and an 8.9% rise in revenue to $3.25 billion.
North American sales of confectionaries and salty snacks saw substantial growth, with confectionaries up by 10.4%.
International sales and volumes showed a slight increase but remained relatively flat compared to North America.
CEO Michele Buck emphasized a strong start to the year and resilience in managing the volatile cocoa market.
Hershey shares saw minimal changes in early trading, reflecting investor caution despite the positive earnings report.