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.

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Source Fool.com