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Hershey | 8-K: Hershey Reports Fourth-Quarter and Full-Year 2023 Financial Results; Provides 2024 Outlook

好时 | 8-K:好时公布2023年第四季度和全年财务业绩;提供2024年展望

SEC announcement ·  02/08 06:55
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On February 8, 2024, The Hershey Company reported its financial results for the fourth quarter and full year ended December 31, 2023. The announcement revealed a slight increase in consolidated net sales for the quarter, up 0.2% to $2,657.1 million, while organic, constant currency net sales saw a marginal decrease of 0.1%. The company's reported net income for the quarter fell by 11.5% to $349.0 million, or $1.70 per share-diluted. However, for the full year, net sales rose by 7.2% to $11,165.0 million, and reported net income increased by 13.8% to $1,861.8 million, or $9.06 per share-diluted. Hershey also provided its 2024 outlook, expecting net sales growth of 2% to 3% and reported earnings per share to be relatively flat due to higher cocoa and sugar costs and one-time expenses. The company announced a multi-year productivity initiative, 'Advancing Agility & Automation' (AAA), aimed at generating long-term savings and improving efficiency, with expected pre-tax costs of $200 million to $250 million through 2026 and annual savings of approximately $300 million at the program's conclusion.
On February 8, 2024, The Hershey Company reported its financial results for the fourth quarter and full year ended December 31, 2023. The announcement revealed a slight increase in consolidated net sales for the quarter, up 0.2% to $2,657.1 million, while organic, constant currency net sales saw a marginal decrease of 0.1%. The company's reported net income for the quarter fell by 11.5% to $349.0 million, or $1.70 per share-diluted. However, for the full year, net sales rose by 7.2% to $11,165.0 million, and reported net income increased by 13.8% to $1,861.8 million, or $9.06 per share-diluted. Hershey also provided its 2024 outlook, expecting net sales growth of 2% to 3% and reported earnings per share to be relatively flat due to higher cocoa and sugar costs and one-time expenses. The company announced a multi-year productivity initiative, 'Advancing Agility & Automation' (AAA), aimed at generating long-term savings and improving efficiency, with expected pre-tax costs of $200 million to $250 million through 2026 and annual savings of approximately $300 million at the program's conclusion.
2024年2月8日,好时公司公布了截至2023年12月31日的第四季度和全年财务业绩。该公告显示,该季度的合并净销售额略有增长,增长0.2%,至26.571亿美元,而有机固定货币净销售额略有下降0.1%。该公司公布的本季度净收入下降了11.5%,至3.490亿美元,摊薄后每股收益为1.70美元。但是,全年净销售额增长了7.2%,达到111.65亿美元,报告的净收入增长了13.8%,达到18.618亿美元,摊薄后每股收益为9.06美元。好时还提供了2024年的展望,预计净销售额将增长2%至3%,并报告称,由于可可和糖成本上涨以及一次性支出增加,每股收益将相对持平。该公司宣布了一项为期多年的生产力计划,即 “提高敏捷性和自动化”(AAA),旨在长期节省开支并提高效率,预计到2026年,税前成本为2亿至2.5亿美元,该计划结束时每年可节省约3亿美元。
2024年2月8日,好时公司公布了截至2023年12月31日的第四季度和全年财务业绩。该公告显示,该季度的合并净销售额略有增长,增长0.2%,至26.571亿美元,而有机固定货币净销售额略有下降0.1%。该公司公布的本季度净收入下降了11.5%,至3.490亿美元,摊薄后每股收益为1.70美元。但是,全年净销售额增长了7.2%,达到111.65亿美元,报告的净收入增长了13.8%,达到18.618亿美元,摊薄后每股收益为9.06美元。好时还提供了2024年的展望,预计净销售额将增长2%至3%,并报告称,由于可可和糖成本上涨以及一次性支出增加,每股收益将相对持平。该公司宣布了一项为期多年的生产力计划,即 “提高敏捷性和自动化”(AAA),旨在长期节省开支并提高效率,预计到2026年,税前成本为2亿至2.5亿美元,该计划结束时每年可节省约3亿美元。
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