Hershey Co. HSY affirmed on Wednesday its 2023 guidance ranges for sales growth and profit, as the chocolate and snacks giant hosts its investor day in Hershey, Penn. The company expects sales to grow 6% to 8% from a year ago and adjusted earnings per share is projected to rise 9% to 11%, the same guidance the company provided when it reported fourth-quarter results on Feb. 2. The FactSet sales consensus of $11.21 billion implies 7.6% growth, and the adjusted EPS consensus of $9.40 implies a 10.3% rise. Hershey’s stock, which was indicated down about 0.5% in premarket trading, has advanced 5.0% year to date, while the S&P 500 SPX has gained 4.3%.
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