07:15 AM EDT, 05/03/2024 (MT Newswires) -- Hershey (HSY) reported Q1 adjusted earnings Friday of $3.07 per diluted share, up from $2.96 a year earlier.

Analysts polled by Capital IQ expected $2.76.

Net sales for the quarter ended March 31 were $3.25 billion compared with $2.99 billion earlier.

Analysts polled by Capital IQ expected $3.11 billion.

The confectionary company reiterated its full-year forecast of $9.59 in adjusted EPS and 2% to 3% in net sales growth. Analysts polled by Capital IQ expect $9.59 in adjusted EPS on revenue of $11.47 billion.

Hershey shares were nearly 2% higher in premarket trading.

Price: 200.00, Change: +4.12, Percent Change: +2.10