Hershey Foods (HSY) Tops Q2 EPS by 19c

Hershey Foods (NYSE: HSY) reported Q2 EPS of $1.09, $0.19 better than the analyst estimate of $0.90. Revenue for the quarter came in at $1.66 billion versus the consensus estimate of $1.66 billion.

GUIDANCE:

Hershey Foods sees FY2017 EPS at high end of $4.72-$4.81.

• Full-year net sales expected to increase around 1%, including unfavorable foreign currency exchange rates of about 0.25 points
• Reported earnings per share-diluted expected to be in the $3.41 to $3.60 range
• Adjusted earnings per share-diluted expected to increase around the high end of the 7% to 9% range of $4.72 to $4.81

For earnings history and earnings-related data on Hershey Foods (HSY) click here.

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