Hershey says businesses saw minimal covid-19 impact during q1 2020

Hershey co - businesses saw minimal covid-19 impact during q1 2020.hershey - expect more significant impact in q2 from covid-19 given shelter-in-place restrictions that were implemented in late march & early april.hershey - continue to see declines in co's food service, owned retail & world travel retail businesses & certain parts of international businesses.hershey - sales in gum & mint category have also been significantly impacted by social distancing protocols.hershey - incurring incremental costs in certain areas, such as front-line employee compensation & incentives, enhanced safety measures among others.hershey - impact that covid-19 will have on co's consolidated results of operations throughout 2020 remains uncertain.hershey - inventory levels at several key retailers remain below historic averages.
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