HERSHEY,
Pa., Feb. 20, 2024 /PRNewswire/ -- In a
presentation today at the 2024 Consumer Analyst Group of
New York (CAGNY) conference,
Michele G. Buck, Chairman, President
and Chief Executive Officer, and Steven E.
Voskuil, Senior Vice President and Chief Financial Officer,
The Hershey Company (NYSE: HSY), will review strategies to drive
sustainable, profitable growth and long-term shareholder value.
The Company reaffirms its full-year 2024 financial expectations
for net sales and earnings per share-diluted previously provided in
its February 8, 2024, earnings
release.
2024 Full-Year
Outlook
|
|
Total
Company
|
Net sales
growth
|
|
2% - 3%
|
Reported earnings per
share growth
|
|
Flat
|
Adjusted earnings per
share growth
|
|
Flat
|
The company's CAGNY presentation and accompanying slides can be
accessed in the "CALENDAR OF EVENTS" section of the corporate
website.
(https://www.thehersheycompany.com/en_us/investors/events-reports-releases/calendar-of-events.html).
Safe Harbor Statement
This release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Many of these
forward-looking statements can be identified by the use of words
such as "anticipate," "assume," "believe," "continue," "estimate,"
"expect," "forecast," "future," "intend," "plan," "potential,"
"predict," "project," "strategy," "target" and similar terms, and
future or conditional tense verbs like "could," "may," "might,"
"should," "will" and "would," among others. These statements are
made based upon current expectations that are subject to risk and
uncertainty. Because actual results may differ materially from
those contained in the forward-looking statements, you should not
place undue reliance on the forward-looking statements when
deciding whether to buy, sell or hold the company's securities.
Factors that could cause results to differ materially include, but
are not limited to: disruptions or inefficiencies in our supply
chain due to the loss or disruption of essential manufacturing or
supply elements or other factors; issues or concerns related to the
quality and safety of our products, ingredients or packaging, human
and workplace rights, and other environmental, social or governance
matters; changes in raw material and other costs, along with the
availability of adequate supplies of raw materials; the company's
ability to successfully execute business continuity plans to
address changes in consumer preferences and the broader economic
and operating environment; selling price increases, including
volume declines associated with pricing elasticity; market demand
for our new and existing products; increased marketplace
competition; failure to successfully execute and integrate
acquisitions, divestitures and joint ventures; changes in
governmental laws and regulations, including taxes; political,
economic, and/or financial market conditions, including with
respect to inflation, rising interest rates, slower growth or
recession, and other events beyond our control such as the impacts
on the business arising from the conflict between Russia and Ukraine; risks and uncertainties related to
our international operations; disruptions, failures or security
breaches of our information technology infrastructure and that of
our customers and partners (including our suppliers); our ability
to hire, engage and retain a talented global workforce, our ability
to realize expected cost savings and operating efficiencies
associated with strategic initiatives or restructuring programs;
complications with the design or implementation of our new
enterprise resource planning system; and such other matters as
discussed in our Annual Report on Form 10-K for the year ended
December 31, 2023. All information in
this release is as of February 20,
2024. The company undertakes no duty to update any
forward-looking statement to conform the statement to actual
results or changes in the company's expectations.
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SOURCE The Hershey Company