(Boursier.com) — The Hershey Co, the American food group, specialist in confectionery, announced revenues of $3.25 billion for its first fiscal quarter of 2024, an increase of 8.9% year-on-year, as well as organic growth of 8.6% . Net profit represented $797.5 million or $3.89 per share on a diluted basis, an increase of 36%. Adjusted earnings per share rose 4% to $3.07. The market consensus was $2.76 in adjusted earnings per share for $3.11 billion in revenue. The group reiterates its estimates for 2024 sales growth and earnings per share. Thus, revenues are expected to increase by 2-3%, while adjusted earnings per share and consolidated EPS are expected to be stable.
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