From Yahoo Finance: 2025-05-01 08:15:00

Hershey beats profit estimates in Q1 with steady demand for salty snacks in North America. Sales drop smaller than expected, boosted by lower prices in snack business. Organic volumes rise 4%, prices down 3% from last year. Maintains annual forecast despite estimated tariff-related expenses of $15-20 million for Q2.

Trump administration’s tariffs cause uncertainty for American businesses, impacting costs and outlook. Mondelez International also faces potential tariff-related challenges despite beating profit estimates. Hershey benefits from 2% price hike and reduced advertising expenses, shielding margins from higher manufacturing costs like cocoa. Net sales decline 13.8% to $2.81 billion, but beat analyst estimates.

Adjusted profit for Hershey in Q1 at $2.09 per share, surpassing estimates of $1.95 per share. Company shares up slightly at $167.80 in premarket trading. Analysts expected a 14.1% decline in sales to $2.79 billion, but Hershey outperformed with a 13.8% decrease to $2.81 billion.

Read more: Hershey posts robust quarterly results on North America snacks demand