Shares of The Hershey Company (HSY) rose 7% on Thursday morning after the chocolate maker issued better-than-expected full-year 2026 guidance that overshadowed a year-over-year drop in fourth-quarter earnings.
The stock is currently trading at $220.15, up $14.38 or 6.99%, on the NYSE. The stock opened at $218.85 after closing Wednesday at $205.77. The stock has traded between $150.04 and $225.55 in the past 52-week period. Volume was above average in active trading.
Hershey reported fourth-quarter earnings of $320.02 million or $1.57 per share, down from $796.59 million or $3.92 per share last year. Adjusted earnings came in at $1.71 per share, while revenue rose 7.1% to $3.09 billion.
Hershey forecast adjusted earnings of $8.20 to $8.52 on net sales growth of 4 to 5%, well above analysts' expectations of $7.09 per share.
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