HERSHEY, Pa., May 3, 2024 /PRNewswire/ The Hershey Company today announced net sales and earnings for the first quarter ended March 31, 2024 and reaffirmed its 2024 net sales and earnings.
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Hershey is launching a multi-year cost-savings strategy that will lean heavily on enhanced automation and a more efficient operating model, which could result in job cuts, to help offset historically high cocoa prices and elevated sugar costs that are expected to limit earnings growth this year.