Hershey tops first-quarter estimates on higher pricing
- Hershey exceeded Wall Street expectations for first-quarter sales and profit on Friday, benefiting from higher prices and steady consumer demand for its chocolates and candy.Hershey has seen a demand surge during significant holidays such as Easter and Thanksgiving, with consumers stocking up on favorites such as Reese's peanut butter cups and Hershey's Kisses.
Net sales for confectionary products in the North America market, Hershey's largest and accounted for about 80% of its revenue, rose to $2.70 billion from $2.45 billion a year earlier.The company's organic price rose 5.2% while organic volume increased 3.4%.Scan QR code to install app
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