NYSE$HSY
Hershey Co · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Hershey's financial performance accelerated with differentiated results, driven by core U.S. confection portfolio momentum, international growth, and snacking portfolio expansion.
Hershey reported a 4.0% increase in consolidated net sales for Q4 2019, with organic, constant currency net sales up 1.9%. Reported net income decreased by 38.8% to $207.2 million, while adjusted earnings per share increased by 1.6% to $1.28. The company provided a 2020 full-year outlook, expecting net sales to increase by 2% to 4%.
- Consolidated net sales increased by 4.0% to $2,068.1 million.
- Organic, constant currency net sales increased by 1.9%.
- Reported net income decreased by 38.8% to $207.2 million, or $0.98 per share-diluted.
- Adjusted earnings per share-diluted increased by 1.6% to $1.28.
Headline financials
Revenue & EPS history
Hershey · Revenue · Quarterly
$2.07B
Revenue by segment
Hershey · $2.07B total across 2 segments · Q4 2019
- North America$1.81B—87.7%
- International$255M—12.3%
Forward guidance
Full-year reported net sales are expected to increase 2% to 4%. Full-year reported earnings per share-diluted are expected to be in the range of $6.04 to $6.20, an increase of 11% to 14% versus 2019. Full-year adjusted earnings per share-diluted are expected to be in the range of $6.13 to $6.24, an increase 6% to 8% versus 2019.
Tailwinds
- Full-year reported net sales are expected to increase 2% to 4%.
- Acquisitions are expected to be a 1.0 point benefit to net sales growth.
- Full-year reported earnings per share-diluted are expected to be in the range of $6.04 to $6.20, an increase of 11% to 14% versus 2019.
- Full-year adjusted earnings per share-diluted are expected to be in the range of $6.13 to $6.24, an increase 6% to 8% versus 2019.
Headwinds
- The impact of foreign currency exchange is expected to be slightly negative based on current exchange rates.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2019
+0.3%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+2.0%
Avg return
30 days after
54%
37 / 68 earnings
Positive
+9.0%
Q4 2025
Best reaction
-6.7%
Q4 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.6% | -2.2% | +2.8% | |
| Q4 2025 | +9.0% | +11.3% | +9.3% | |
| Q3 2025 | -2.4% | -5.3% | +7.3% | |
| Q2 2025 | +1.4% | +2.2% | -1.3% | |
| Q1 2025 | -0.0% | +1.7% | -3.9% | |
| Q4 2024 | +4.4% | +8.5% | +26.8% | |
| Q3 2024 | -0.7% | +2.6% | -1.2% | |
| Q1 2024 | +0.3% | +2.1% | +1.0% | |
| Q3 2023 | -5.3% | -3.7% | -1.4% | |
| Q2 2023 | -2.0% | -4.1% | -9.6% | |
| Q1 2023 | +4.3% | +4.8% | -1.5% | |
| Q4 2022 | +4.9% | +5.2% | +5.8% | |
| Q3 2022 | -1.2% | -0.6% | +1.1% | |
| Q2 2022 | +4.5% | +5.0% | +4.8% | |
| Q1 2022 | +1.6% | -1.0% | -4.3% | |
| Q4 2021 | +2.1% | +4.3% | +7.2% | |
| Q3 2021 | -2.3% | -2.2% | -0.9% | |
| Q2 2021 | +1.3% | +1.9% | -0.5% | |
| Q1 2021 | +3.4% | +5.1% | +8.9% | |
| Q4 2020 | +0.0% | +2.1% | +2.6% | |
| Q3 2020 | +3.5% | +6.3% | +4.3% | |
| Q2 2020 | +5.2% | +5.3% | +6.5% | |
| Q1 2020 | -5.3% | -6.3% | -9.1% | |
| Q4 2019 | +2.7% | +0.9% | -4.7% | |
| Q3 2019 | -4.3% | -4.0% | -1.9% | |
| Q2 2019 | +4.2% | +3.7% | +7.0% | |
| Q1 2019 | +6.9% | +6.6% | +11.2% | |
| Q4 2018 | -0.8% | +0.5% | +6.3% | |
| Q3 2018 | -5.2% | -0.1% | -1.8% | |
| Q2 2018 | +4.5% | +5.8% | +7.5% | |
| Q1 2018 | -0.2% | -2.4% | -1.6% | |
| Q4 2017 | -6.7% | -8.2% | -10.4% | |
| Q3 2017 | -4.2% | -2.2% | -1.1% | |
| Q2 2017 | -0.9% | -2.0% | -2.1% | |
| Q1 2017 | -1.0% | -1.3% | +6.9% | |
| Q4 2016 | +1.7% | +1.3% | +2.9% | |
| Q3 2016 | +7.3% | +6.6% | +2.3% | |
| Q2 2016 | +2.4% | +3.7% | +2.5% | |
| Q1 2016 | -0.5% | — | — | |
| Q4 2015 | +4.4% | — | — | |
| Q3 2015 | -5.7% | — | — | |
| Q2 2015 | -0.4% | — | — | |
| Q1 2015 | -3.8% | — | — | |
| Q4 2014 | -5.1% | — | — | |
| Q3 2014 | -0.7% | — | — | |
| Q2 2014 | -1.6% | — | — | |
| Q1 2014 | -3.8% | — | — | |
| Q4 2013 | +2.8% | — | — | |
| Q3 2013 | +0.3% | — | — | |
| Q2 2013 | +1.7% | — | — | |
| Q1 2013 | -2.0% | — | — | |
| Q4 2012 | +0.4% | — | — | |
| Q3 2012 | +0.6% | — | — | |
| Q2 2012 | +0.2% | — | — | |
| Q1 2012 | +1.4% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q3 2011 | -1.5% | — | — | |
| Q2 2011 | -0.8% | — | — | |
| Q1 2011 | +1.6% | — | — | |
| Q4 2010 | +2.7% | — | — | |
| Q3 2010 | -0.4% | — | — | |
| Q2 2010 | -0.6% | — | — | |
| Q1 2009 | -0.6% | — | — | |
| Q1 2010 | +0.4% | — | — | |
| Q2 2008 | +0.3% | — | — | |
| Q3 2009 | +0.3% | — | — | |
| Q3 2008 | +0.3% | — | — | |
| Q2 2009 | +1.5% | — | — |
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