Hershey (HSY) gives a mixed read on its business with its Q1 report.
The company cited soft demand in the Latin America and notes it saw "irregular" purchasing patterns by U.S. consumers in traditional food channels. The penny earnings beat was derived from some successful cost initiatives and productivity gains.
Volume was a 3.2 percentage benefit to top line growth in Q1, while foreign exchange translation was a 0.8 percentage point headwind.
HSY -0.2% premarket