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Yahoo
4 hours ago
- Business
- Yahoo
Hershey beats Q2 expectations, lowers full-year earnings outlook
-- The Hershey Company (NYSE:HSY) reported second-quarter earnings that exceeded analyst expectations on Wednesday, though shares fell 1.2% premarket as the chocolate maker lowered its full-year profit guidance due to tariff expenses. The confectionery giant posted adjusted earnings of $1.21 per share, surpassing the analyst estimate of $0.99. Revenue reached $2.61 billion, beating the consensus forecast of $2.52 billion and representing a 26% increase YoY. The strong quarterly performance was largely driven by the company lapping planned inventory reductions from last year's ERP system implementation and the timing of Easter. "Investments in our brands and impactful innovation, coupled with effective execution, are driving solid sales and share gains across both our U.S. confection and salty snacking business," said Michele Buck, President and CEO of Hershey. Despite the quarterly beat, Hershey updated its full-year outlook, now expecting adjusted earnings per share to decline 36% to 38%, compared to its previous guidance of a mid-30% range decrease. The company cited tariff expenses, which are expected to total approximately $170 to $180 million for the full year. North America Confectionery, Hershey's largest segment, saw sales increase 32% to $2.09 billion, with organic volume growth of approximately 25 points. The company's U.S. candy, mint and gum retail takeaway grew 21.8% for the 12-week period ended June 29, with market share increasing 90 basis points. The North America Salty Snacks segment, which includes brands like SkinnyPop and Dot's Pretzels, reported an 8.8% sales increase to $315.5 million, while International segment sales rose 4.4% to $213.7 million. Hershey maintained its full-year net sales growth forecast of at least 2%, while implementing commodity cost mitigation strategies to address ongoing cocoa inflation through "strategic pricing, enhanced productivity, and technology enabled efficiency." Related articles Hershey beats Q2 expectations, lowers full-year earnings outlook Victoria's Secret Exposed: The Warning Sign Behind the Stock's 52% Collapse After soaring 149%, this stock is back in our AI's favor - & already +25% in July Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17 hours ago
- Business
- Yahoo
Mondelez beats Q2 but shares down on cautious outlook amid cocoa cost pressure
-- Oreo and Cadbury maker Mondelez (NASDAQ:MDLZ) reported second-quarter earnings and revenue ahead of Wall Street estimates, but its full-year forecast was unchanged as surging cocoa costs continue to pressure margins. Company posted adjusted earnings of 73 cents per share for the quarter ended June 30, beating analysts' expectations of 68 cents. Revenue rose to $8.98 billion, above estimates of $8.83 billion. The company reaffirmed its 2025 guidance, expecting about 5% organic net revenue growth and a 10% decline in adjusted earnings per share on a constant currency basis. It cited "unprecedented cocoa cost inflation" and broader macroeconomic uncertainty, including geopolitical, regulatory, and commodity-related risks. Mondelez continues to expect over $3 billion in free cash flow this year and said currency translation is not expected to impact its 2025 net revenue or earnings outlook. Shares fell about 3% in after-hours trading. Related articles Mondelez beats Q2 but shares down on cautious outlook amid cocoa cost pressure Clients buying into summer rally, bracing for later pullback, says BofA's Hartnett Apollo economist warns: AI bubble now bigger than 1990s tech mania Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Boeing reports second-quarter revenue that tops estimates, sending shares higher
- Boeing (NYSE:BA) has posted group-wide revenue that topped estimates, as the embattled jetmaker said it was boosted by improved operational performance and commercial delivery volume. Shares of Boeing rose by more than 2% in premarket U.S. trading following the announcement. Sales from the company's key commercial airplanes division came in at $10.87 billion, topping Bloomberg consensus estimates of $10.4 billion, while its defense unit's revenue was also above expectations. "Our fundamental changes to strengthen safety and quality are producing improved results as we stabilize our operations and deliver higher quality airplanes, products and services to our customers,' said CEO Kelly Ortberg in a statement. Ortberg was brought on at the helm of Boeing in 2024 to help the airplane manufacturer salvage its reputation after a mid-air panel blowout on one of its passenger jets sparked fresh questions about its safety record. Meanwhile, Boeing has been at center of global trade disputes, although Ortberg has previously said the firm has been working to avoid the worst of a recent rise in U.S. tariffs. Crucially, the U.S. and China have reached a trade truce, while a preliminary deal between Washington and the European Union exempts aircraft from tariffs. "As we look to the second half of the year, we remain focused on restoring trust and making continued progress in our recovery while operating in a dynamic global environment," Ortberg said. Boeing reported a core loss per share of $1.24 in the second quarter, which was not as deep as analysts had originally feared. Related articles Boeing reports second-quarter revenue that tops estimates, sending shares higher Victoria's Secret Exposed: The Warning Sign Behind the Stock's 52% Collapse Surge of 50% since our AI selection, this chip giant still has great potential
News18
2 days ago
- News18
Indian Rupee vs Thai Baht: How Much Is Rs 100 Worth In Thailand?
1/6 With cheaper flights, easy online planning, and a growing wanderlust, more Indians than ever are setting their sights on international travel and Thailand tops the list. Its scenic beaches, serene Buddhist temples, cleanliness, and vibrant lifestyle continue to attract Indian tourists in large numbers. (News18 Tamil) 2/6 To travel abroad, one of the most important things is to check the currency and how much Indian rupees are worth in that currency. The official currency of Thailand is the Thai Baht (THB), which holds slightly more value than the Indian Rupee (INR). The exchange rate is not fixed and changes daily depending on global market conditions, the US dollar's performance, and overall international economic trends. (News18 Tamil) 3/6 As of July 25, 2025, 1 Indian Rupee is equal to approximately 0.43 Thai Baht. This means that Rs 100 will fetch around 43 Baht. Looking at this rate, it's evident that the Indian Rupee is relatively weaker than the Thai Baht. This is something to keep in mind while planning your travel budget, as it helps estimate overall expenses more accurately. (News18 Tamil) Currency exchange rates may vary depending on where you get your money converted. For instance, airports generally offer less favourable rates and charge additional service fees. For better value, it's advisable to exchange money at local centres in cities. You can always check the latest rates online using platforms like or Google Currency Converter. (News18 Tamil) 5/6 Always carry some cash, especially small notes of 20, 50, and 100 Baht, which are useful for street food, tuk-tuks, and local transport. While debit and credit cards are accepted at malls and high-end places, many local vendors prefer cash. Also, note that Indian apps like Paytm and PhonePe don't work in Thailand, so having sufficient Thai Baht on hand is essential. (News18 Tamil) 6/6 Thailand's affordable cost of living is one of the biggest draws for Indian travellers. From budget hotels and delicious food to convenient transport, everything fits comfortably within a traveller's budget. That's why lakhs of Indians visit Thailand each year. If you're planning a trip soon, make sure to check the latest currency rates and plan your finances well in advance for a smooth, cost-effective, and enjoyable holiday. (News18 Tamil)
Libya Review
4 days ago
- Business
- Libya Review
Spain's Repsol Plans New Drilling Projects in Libya
On Saturday, the Spanish oil company Repsol's CEO Josu Jon Imaz Fernández confirmed that improved security and political conditions in Libya have allowed the Spanish energy company to increase production and resume key operations across its Libyan portfolio. In comments to Fernández said that the country is 'improving socially, politically, and in terms of security,' enabling Repsol to accelerate its work on the ground. In the second quarter of 2025, Repsol's projects in Libya produced a total of 307,000 barrels of oil per day, with the company's net share reaching 43,000 barrels per day. That growth, he said, was the result of stronger field performance and the activation of new wells throughout 2024. Repsol restarted 12 wells in the first half of 2025 and expects more to come online in the months ahead. This activity is projected to boost total production by another 12,000 barrels per day, with Repsol's share estimated at 1,500 to 2,000 barrels daily. The company is also moving forward with plans to bring in a second drilling platform to meet its remaining exploration commitments, including early development efforts in the Waha region. The company's overall global production reached 557,000 barrels per day in Q2, a 3% increase from the first quarter. Libya was highlighted as a key contributor to that growth, alongside assets in the UK, Trinidad and Tobago, and Eagle Ford in the US. Repsol also reported solid financial performance for Q2 2025, posting €272 million in net income, up 8% from the previous quarter. Operating cash flow surged to €1.7 billion, a 50% increase, while net debt was reduced by 2% to €5.7 billion. Looking ahead, Repsol maintains an optimistic outlook for 2025, projecting €6 billion in operating cash flow and targeting 590,000 barrels of daily production by 2026. The company plans €3.5 billion in net capital expenditures and a €700 million share buyback as part of its strategic growth plan. Tags: gaslibyaoilRepsolSpain
