Consumer
Hershey Reiterates Annual Outlook Without Full Tariff Impact
Hershey chocolates at a store in Pinole, California, US.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Hershey Co. became one of the few consumer-focused companies to reiterate its annual outlook, but the chocolate-maker’s view doesn’t account for the cost of tariffs for the full year.
The company still expects sales to gain at least 2% and adjusted earnings to drop about 35%. The impact of US levies was only taken into account for the second quarter, which runs through June. President Donald Trump’s 90-day pause on additional tariffs is set to expire in July.