Hershey pulls 2020 forecast, warns of weak sales as consumers curb spending [Reuters]
The Hershey Company (HSY)
Last the hershey company earnings: 4/23 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
thehersheycompany.com/en_us/investors.html
Company Research
Source: Reuters
Hershey pulls 2020 forecast, warns of weak sales as consumers curb spending (Reuters) - Hershey Co ( HSY.N ) pulled its 2020 forecast on Thursday and warned of weak sales in certain categories as households worried about their financial futures cut spending on snacks and chocolates. The company said sales of products, including SkinnyPop popcorn and Pirate’s Booty rice and corn puffs, had slowed in recent weeks, after rising in double digits in March, when consumers stockpiled food and other essentials ahead of lockdowns to limit the spread of the coronavirus pandemic. “A significant number of American households are not working and experiencing meaningful financial pressures,” Chief Executive Officer Michele Buck said on a post-earnings call. “All of this has impacted traffic into stores, length of time in stores and the amount of discretionary goods people are purchasing.” A record 26 million Americans sought unemployment benefits over the last five weeks, confirming that all the
Show less
Read more
Impact Snapshot
Event Time:
HSY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HSY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HSY alerts
High impacting The Hershey Company news events
Weekly update
A roundup of the hottest topics
HSY
News
- Hershey (NYSE:HSY) had its price target raised by analysts at Morgan Stanley from $184.00 to $195.00. They now have an "equal weight" rating on the stock.MarketBeat
- Hershey (NYSE:HSY) had its "hold" rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $181.00 price target on the stock.MarketBeat
- Hershey's Dubai-Inspired Chocolate Bar Just Made Your FYP Edible -- Drops Dec. 4PR Newswire
- America's top airport snacks revealed — and a favorite dominates nationwide [FOX News]FOX News
- Hershey (NYSE:HSY) was upgraded by analysts at Argus to a "hold" rating.MarketBeat
HSY
Earnings
- 10/30/25 - Beat
HSY
Sec Filings
- 11/26/25 - Form 4
- 11/25/25 - Form 4
- 11/25/25 - Form 4
- HSY's page on the SEC website