Strong Easter and Pre-Halloween Sales Boost Hershey Results, But Tariffs Loom
1. Hershey surpassed earnings forecasts due to strong seasonal demand. 2. Volume increased by 21%, fueled by earlier Halloween shipments. 3. Adjusted gross margin fell to 38% amid rising chocolate costs. 4. Hershey expects tariff expense of $170M-$180M, lowering EPS outlook. 5. Shares rose 4% post-earnings, reaching highs since last December.