The Hershey Company (HSY), based in Pennsylvania, manufactures and sells confectionery products and pantry items in the U.S. and internationally. With a market cap of $38.8 billion, Hershey operates through North America Confectionery, North America Salty Snacks, and International segments. The confectionery giant is expected to release its third-quarter earnings on Thursday, Oct. 24.
Ahead of the event, analysts expect Hershey to report a profit of $2.73 per share, up 5% from $2.60 per share reported in the year-ago quarter. The company has surpassed Wall Street’s adjusted EPS projections in three of the past four quarters while missing on one other occasion. Its adjusted EPS for the last reported quarter declined 36.8% year over year to $1.27, missing the consensus estimates by 11.8%.
