When I look at this trio of consumer-oriented stocks, I feel confident that I'll be owning them until it's time to pass them on to my daughter.I hate to say that I'll never be selling a stock, because you never know what life will bring. However, there are some companies that I own that I can comfortably say I hope to hand them off to my daughter someday (hopefully many years from now).Three of these forever-holds include Realty Income (O -0.11%), Procter & Gamble (PG -0.13%), and Hershey (HSY -0.54%). Here ...

With hints of sweet strawberry and tart lemonade, the iconic brand's latest innovation will snap Americans into a summertime state of mind HERSHEY, Pa., May 16, 2024 /PRNewswire/ -- The KIT KAT® brand is giving fans another reason to celebrate summer with a new, limited-edition flavor – the KIT KAT® Pink Lemonade Flavored Bar. Classic, crisp wafers wrapped in a pink lemonade flavored creme – this new flavor delivers a refreshing taste experience with unexpected hints of strawberry. Whether you're ready to u ...

The Fair360, formerly DiversityInc, Top 50 survey has been the external validator for large U.S. employers that model fairness in their talent strategies, workplace and supplier diversity practices and philanthropic engagement since 2001. This year, 160 employers, with roughly 7.3 million U.S. employees, submitted data and metrics on leadership accountability, human capital diversity, talent programs, workplace practices, supplier diversity and philanthropy. Top performers earned a spot on one of the follow ...

HERSHEY, Pa., May 14, 2024 /PRNewswire/ -- The Hershey Company (NYSE: HSY) has been named a 2024 honoree of The Civic 50, a recognition of the top community-minded companies in the United States according to an annual survey by Points of Light, the world's largest nonprofit dedicated to accelerating people-powered change. Hershey was also named the Consumer Staples leader for the third year in a row and received the Volunteer Leader Award for having the leading volunteer culture and embracing volunteerism a ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it ...

These three low-volatility, dividend-growth stocks offer the potential to rebound while trading near decade-low valuations.Down between 19% and 28% from their all-time highs, dividend growth stocks Unilever (UL), The Hershey Company (HSY), and Lamb Weston (LW) currently trade near once-in-a-decade valuations. These magnificent stocks have five-year betas well below 1, making these discounted prices even more alluring for investors. Betas measure a company's share price volatility compared to the broader mar ...

Hershey (HSY) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this chocolate bar and candy maker have returned +1.2%, compared to the Zacks S&P 500 composite's -0.4% change. During this period, the Zacks Food - Confectionery industry, which Hershey falls in, has gained 2%. The key question now is: What could be the stock's future direction?Although media ...

The Hershey Company (NYSE: HSY) recently reported its Q1 2024 earnings, surpassing both top and bottom-line estimates. With a Non-GAAP EPS of $3.07, exceeding expectations by $0.31, and a revenue of $3.25 billion marking an 8.7% year-over-year increase, Hershey has demonstrated robust performance in the face of evolving economic conditions and high cocoa prices.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The company’s organic, constant currency ne ...

The Hershey Company (NYSE:HSY) Q1 2024 Earnings Conference Call May 3, 2024 8:30 AM ET Company Participants Melissa Poole - VP, IR Michele Buck - Chairman and CEO Steve Voskuil - SVP and CFO Conference Call Participants Andrew Lazar - Barclays Alexia Howard - Bernstein Ken Goldman - JPMorgan Max Gumport - BNP Nik Modi - RBC Capital Markets Michael Lavery - Piper Sandler Bryan Spillane - Bank of America Robert Moskow - TD Cowen David Palmer - Evercore ISI Chris Carey - Wells Fargo Securities Thomas Palmer - ...

Financial Performance - Net sales for Q1 2024 were $3,252.7 million, an increase of 8.9% from $2,987.6 million in Q1 2023, driven by a 5.2% favorable price realization and a 3.4% volume increase[143]. - Gross profit increased to $1,676.1 million in Q1 2024, up 21.3% from $1,382.3 million in Q1 2023, resulting in a gross margin of 51.5%, an increase of 520 basis points[143][148]. - Operating profit rose to $1,058.1 million in Q1 2024, a 32.3% increase from $799.9 million in Q1 2023, with an operating profit margin of 32.5%[143][151]. - Net income for Q1 2024 was $797.5 million, a 35.8% increase from $587.2 million in Q1 2023, with diluted EPS rising to $3.89, up 36.5% from $2.85[143][155]. - Total segment income for the company was $1,029.7 million in Q1 2024, compared to $989.6 million in Q1 2023, marking an increase of 4.0%[160]. Tax and Expenses - The effective income tax rate decreased to 19.1% in Q1 2024 from 22.7% in Q1 2023, influenced by investment tax credits[154]. - Selling, marketing, and administrative expenses increased to $618.0 million in Q1 2024, a rise of 6.3% from $581.6 million in Q1 2023[149]. - Unallocated corporate expenses decreased to $172.9 million in Q1 2024 from $177.1 million in Q1 2023, a reduction of 2.4%[169]. - Net interest expense increased by $2.1 million, or 5.7%, to $39.8 million in Q1 2024, primarily due to higher rates on long-term debt[152]. Sales and Market Performance - U.S. retail takeaway increased by 7.0% in Q1 2024, with candy, mint, and gum consumer takeaway rising by 8.1%[145]. - Net sales for the North America Confectionery segment increased to $2,707.3 million in Q1 2024, up 10.4% from $2,452.2 million in Q1 2023, driven by a 5.9% favorable price realization and a 4.5% volume increase[160]. - North America Salty Snacks segment net sales rose to $275.1 million in Q1 2024, a 1.9% increase from $270.0 million in Q1 2023, with a favorable price realization of 1.7%[164]. - International segment net sales reached $270.3 million in Q1 2024, reflecting a 1.8% increase from $265.4 million in Q1 2023, supported by a 3.5% favorable price realization[167]. Cash Flow and Capital Expenditures - Cash and cash equivalents totaled $520.4 million as of March 31, 2024, an increase of $118.5 million compared to the end of 2023[170]. - Capital expenditures in Q1 2024 were $213.3 million, up from $176.1 million in Q1 2023, primarily for ERP system implementation and capacity expansion[175]. - The company expects 2024 capital expenditures to approximate $600 million to $650 million, driven by the completion of key strategic initiatives[175]. - Operating activities generated cash of $569.2 million in Q1 2024, a decrease of $186.2 million from $755.4 million in Q1 2023, primarily due to increased cash consumption from working capital[173]. Shareholder Returns - Total dividend payments in the first quarter of 2024 were $273.4 million, an increase of $66.0 million compared to $207.4 million in the same period of 2023[179]. - The company repurchased shares worth $494.2 million in the first quarter of 2024, compared to $239.9 million in the same period of 2023[181]. Strategic Initiatives and Risks - The company completed the acquisition of assets from Weaver Popcorn Manufacturing on May 31, 2023, enhancing manufacturing capacity[138]. - The company anticipates moderation in consumer spending for the remainder of 2024 due to cost fatigue and labor market constraints[139]. - The company may not fully realize the expected cost savings and/or operating efficiencies associated with its strategic initiatives or restructuring programs, which could adversely impact its business[188]. - Complications with the design, implementation, or usage of the new enterprise resource planning system could adversely impact the company's business and operations[188].