Quartz·2 min read·medium
Hershey is raising its annual outlook after beating second-quarter estimates
✦AI Summary
Hershey reported a 6.6% increase in net sales to $2.79 billion for the second quarter, surpassing analyst expectations. The growth was driven by a 12% price increase, which successfully offset an 8% decline in sales volume.
The candy maker's net sales rose 6.6% to $2.79 billion, driven by a 12% jump in prices that offset an 8% decline in volumes
businesseconomy
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