3 Takeaways From Hershey’s Earnings Call
Hershey (NYSE: HSY) says it is seeing only a small negative impact on its business to date from the COVID-19 pandemic. While social distancing efforts have pushed sales lower for parts of its snack and treats portfolio, including gums and mints, the consumer staples giant is seeing a boost in demand in other areas, such as baking products.
A far different cadence to shopping and convenience purchases threatens to hurt profitability over the short term, executives said in a recent conference call with Wall Street analysts. However, CEO Michele Buck and her team expressed confidence in their wider growth plan.
Let's take a closer look at three items to come out of the latest Hershey's earnings report.
Source Fool.com
