The Hershey Company (HSY), with a market cap of around $37 billion, operates in the confectionery and pantry items sector, manufacturing and selling a wide range of products both domestically and internationally. The Pennsylvania-based company is expected to announce its fiscal Q2 earnings results before the market opens on Thursday, Aug. 1.
Ahead of the event, analysts expect the iconic chocolate maker to report a profit of $1.45 per share, down 27.9% from $2.01 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in each of the last four quarterly reports. Robust consumer demand and increased prices helped the company exceed the consensus EPS estimate by 12% in the most recent quarter.
