The Hershey Company said consolidated net sales for Q4 2024 were $2,887.5 million, an increase of 8.7%, and full-year net sales were $11,202.3 million, an increase of 0.3%. Organic, constant currency net sales for Q4 increased 9.0%.

1. 01

   The Hershey Company said consolidated net sales for Q4 2024 were $2,887.5 million, an increase of 8.7%, and full-year net sales were $11,202.3 million, an increase of 0.3%. Organic, constant currency net sales for Q4 increased 9.0%.

2. 02

   The company said reported net income for Q4 2024 was $796.6 million, or $3.92 per share-diluted, an increase of 130.6%, and adjusted earnings per share-diluted was $2.69, an increase of 33.2%. It said the operating profit increase for Q4 was primarily driven by derivative mark-to-market gains.

3. 03

   The company said full-year 2024 reported net income was $2,221.2 million, or $10.92 per share-diluted, an increase of 20.5%, and adjusted earnings per share-diluted was $9.37, a decrease of 2.3%. Full-year derivative mark-to-market adjustment was $(2.26) per share-diluted.

4. 04

   The company said it expects full-year 2025 net sales growth of at least 2%, reported earnings per share to be down in the high-40% range, and adjusted earnings per share to be down in the mid-30% range. It also said it continues to expect the surge in cocoa prices to put significant pressure on 2025 earnings.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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