Hershey Earnings: What to Watch on April 28
The Hershey Company (NYSE: HSY) is slated to report its first-quarter 2022 results before the market open on Thursday, April 28. An analyst conference call is scheduled for the same day at 8:30 a.m. ET.
Investors in the confectionary and salty snack-food maker will probably be approaching the report with optimism. Last quarter, the company beat the Wall Street consensus estimates for revenue and earnings, resulting in investors driving shares up 2.7%. Indeed, the company exceeded earnings estimates in all four quarters of 2021.
In 2022, Hershey stock has returned 17.2% through April 14, compared with the S&P 500's negative 7.5% return over this period. This outperformance is attributable to the company's recent robust results along with investors favoring stocks in sectors that tend to hold up well in inflationary environments, such as consumer staples.
Source Fool.com
