Hershey Company (HSY) shares tumbled in pre-market trading after the confectionery giant missed third-quarter earnings expectations and slashed its full-year outlook. The company cited high cocoa prices and a challenging consumer environment as factors impacting its performance.
Get ready for a busy trading day! Several companies are set to report earnings before the bell, including Hershey, Upwork, and Halliburton. Meanwhile, Avid Bioservices is being acquired and Block’s earnings are expected after the close. Discover which stocks might make waves in the market today.
The Hershey Company has announced a five-year agreement with nine cocoa-producing cooperatives in Côte d’Ivoire, a major step towards achieving its ‘Cocoa For Good’ strategy. This initiative, backed by a $500 million investment, aims to improve farmer incomes, bolster farm resilience, and ensure a sustainable cocoa supply chain. The agreement underscores Hershey’s commitment to addressing the challenges faced by cocoa farmers and creating positive impact within the communities they serve.
The Hershey Company is facing a class action lawsuit alleging misleading packaging for Reese’s peanut butter candies. Hershey has requested dismissal of the suit, calling it baseless and arguing that consumers were not misled about the product’s quality or taste. The plaintiffs are seeking $5 million in damages.
Carissa Wenner of Lower Dauphin High School led her team to a 6-5 triumph over Hershey on Wednesday, showcasing her prowess both at the plate and on the mound. Wenner’s home run and three RBIs propelled the team offensively, while her strong pitching performance stifled Hershey’s offense. Anece Zubler and Jules Wychunas contributed RBIs to the winning cause.
Stuff’D Steaks & Hoagies is closing its Campbelltown location on April 28th due to landlord negotiations. Owners, the Boltz family, have secured a new location in Hershey but details are not yet available. The restaurant specializes in cheesesteaks, smash burgers, hoagies, and fries.
