​Hershey Cuts Full-Year Sales Outlook As Americans Dial Back On Snack Consumption – Tyler Durden

Hershey Cuts Full-Year Sales Outlook As Americans Dial Back On Snack Consumption Cash-strapped consumers had no joy and happiness in the third quarter as they dialed back spending on chocolate and salty snacks produced by Hershey Co. The company slashed its net sales growth and earnings outlook after consumers balked at rising retail snack prices due to soaring cocoa costs.  Hershey reported third-quarter adjusted earnings per share of $2.34, missing the $2.56 forecast held by analysts tracked by Bloomberg. Salty snack sales in the quarter plummeted in the US, while candy sales were marginally higher.  Here’s a snapshot of the third quarter results:…  — Continue at ZeroHedge News : Read More