Investing.com - Hershey Co reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Hershey Co announced earnings per share of $1.47 on revenue of $1.99B. Analysts polled by Investing.com anticipated EPS of $1.42 on revenue of $1.84B.
Hershey Co shares are up 45% from the beginning of the year and are trading at $176.50 , down-from-52-week-high.They are outperforming the S&P 500 which is up 17.16% from the start of the year.
Hershey Co follows other major Consumer Staples sector earnings this month
Hershey Co's report follows an earnings beat by Coca-Cola on Wednesday, July 21, 2021, who reported EPS of $0.68 on revenue of $10.1B, compared to forecasts EPS of $0.5625 on revenue of $9.31B.
PepsiCo had beat expectations on Tuesday, July 13, 2021 with second quarter EPS of $1.72 on revenue of $19.22B, compared to forecast for EPS of $1.53 on revenue of $17.96B.
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