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Business

Nabaparna Bhattacharya

Tariffs Take A Bite Out Of Hershey's Outlook

Hershey HSY Hershey Company The Hershey Company United States

Hersheys chocolate bar

The Hershey Company (NYSE:HSY) shares surged Wednesday after the confectionery giant reported second-quarter earnings and sales that exceeded expectations, driven by volume gains and strategic execution across its U.S. confectionery and salty snacking businesses.

The company reported second-quarter adjusted earnings per share of $1.21, beating the analyst consensus estimate of 98 cents. Quarterly sales of $2.61 billion (+26% year over year) surpassed the Street view of $2.52 billion.

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