India, Feb. 6 -- Hershey Co. (HSY), while reporting higher financial results for the fourth quarter, on Thursday issued fiscal 2025 outlook, expecting weak earnings and higher sales.
In the pre-market activity on the NYSE, Hershey shares were gaining around 3.5 percent to trade at $151.00.
Reported earnings per share is expected to be down in the high-40 percent range.
According to the firm, higher commodity costs, rebased incentive compensation, and a higher economic tax rate are expected to more than offset price realization, productivity and cost savings programs.
The company projects adjusted earnings per share to be down in the mid-30 percent range.
Hershey expects net sales growth of at least 2 percent, driven primarily by net pr...