28.10.2015 - Hershey downgraded the sales forecast
Hershey has published a report for the previous quarter, according to which the sales growth forecast for this year has been deteriorated to 1.5% due to lower consumption of sweets and gum. It is worth noting that the company is the largest producer of chocolate in the United States. The company's profit for the quarter was $ 154.8 million compared to $ 223.7 million for the same period last year. Sales remained at the level of 1.96 billion. We expect the resumption of growth in the company's shares on expectations of growth in sales in the holiday season in the United States.