Hershey Earnings: Rebounding Demand and Higher Margins
Investors had modest expectations heading into Hershey's (NYSE: HSY) third-quarter report. The confectioner had reported declining organic sales in each of the past two quarters, after all, as the pandemic had a mixed impact on its snacking, baking, and candy portfolio.
Hershey's actual results came in better than expected in a few metrics, including growth and profitability. The candy giant also saw enough stability in sales trends to reinstate its fiscal year outlook.
More on that forecast in a moment, but first let's dig into the third-quarter numbers.
Source Fool.com
