Hershey Earnings: 3 Trends to Watch
Investors have kept The Hershey Company (NYSE: HSY) stock returns below the broader market's for most of 2020. That performance reflects pessimism about the confectioner's business, which has seen weakening sales trends in each of the last two quarters.
The company has a chance to change that narrative when it announces its third-quarter results on Friday, Nov. 6. Below, we'll take a look at a few of the trends that should matter most to investors following that report.
The COVID-19 pandemic has had a mixed impact on Hershey's business by lifting demand for some products (like its baking supplies) and dampening it in other areas (such as gums and mints). Overall, the growth picture has been weak, with organic sales falling in each of the first two quarters of 2020.
Source Fool.com
