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The Hershey Company (NYSE:HSY) Q1 2024 Earnings Call Transcript

Insider Monkey Transcripts
·2-min read

The Hershey Company (NYSE:HSY) Q1 2024 Earnings Call Transcript May 3, 2024

The Hershey Company beats earnings expectations. Reported EPS is $3.07, expectations were $2.76. The Hershey Company isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).

Operator: Greetings and welcome to the Hershey Company First Quarter 2024 question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded. I'd now like to turn the call over to your host, Ms. Melissa Poole, Vice President of Investor Relations for the Hershey company. Thank you. You may begin.

Melissa Poole: Good morning, everyone. Thank you for joining us today for the Hershey Company's first quarter 2024 earnings Q&A session I hope everyone has had the chance to read our press release and listen to our pre-recorded management remarks, both of which are available on our website. In addition, we have posted a transcript of the pre-recorded remarks. At the conclusion of today's live Q&A session, we will also post a transcript and audio replay of this call. Please note that during today's Q&A session, we may make forward-looking statements that are subject to various risks and uncertainties. These statements include expectations and assumptions regarding the company's future operations and financial performance. Actual results could differ materially from those projected.

A close-up of hands deftly moulding a bar of chocolate.
A close-up of hands deftly moulding a bar of chocolate.

The company undertakes no obligation to update these statements based on subsequent events. A detailed listing of such risks and uncertainties can be found in today's press release and the company's SEC filings. Finally, please note that we may refer to certain non-GAAP financial measures that we believe will provide useful information for investors. The presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Reconciliations to the GAAP results are included in this morning's press release. Joining me today are Hershey's Chairman and CEO, Michele Buck; and Hershey's Senior Vice President and CFO, Steve Voskuil. With that, I will turn it over to the operator for the first question.

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Operator: [Operator Instructions] Our first question comes from the line of Andrew Lazar with Barclays. Please proceed with your question.

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To continue reading the Q&A session, please click here.