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NEW YORK (TheStreet) -- Shares of The Hershey Co. (HSY) - Get The Hershey Company Report are down by 2.62% to $91.86 in pre-market trading on Wednesday morning, after the chocolate and candies maker reported a 31% decline in its 2015 third quarter earnings.

Hershey posted quarterly profit of $158.8 million, or 70 cents per share, compared to the $223.7 million, or $1 per share the company reported for the 2014 third quarter.

Restructuring charges and weaker than expected candy, mint and gum consumption in the U.S. impacted earnings and resulted in the company lowering its sales outlook for the full year.

"This softness also impacted broader mainstream snacks, where consumption trends during the quarter were less than the June year to date increase," Hershey CEO John P. Bilbrey said in a statement.

Sales in the U.S have slowed due to increasing costs for main candy making ingredients such as dairy products and coca.

For the most recent quarter the maker of Reese's Peanut Butter Cups posted adjusted earnings of $1.17 above the $1.13 per share analysts surveyed by Thomson Reuters had forecast.

Revenue came in at $1.96 billion, just missing the $1.98 billion analysts were looking for.

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TheStreet Recommends

Separately, TheStreet Ratings team rates HERSHEY CO as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

We rate HERSHEY CO (HSY) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and premium valuation.

You can view the full analysis from the report here: HSY

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