Hershey Foods (HSY) Misses Q1 EPS by 7c; Trims FY15 Sales Growth Outlook
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Hershey Announces First-Quarter Results; Updates Outlook for 2015
April 23, 2015 7:00 AM EDTHERSHEY, Pa.--(BUSINESS WIRE)-- The Hershey Company (NYSE: HSY):
Net sales increase 3.5% including the impact of acquisitions and divestitures and foreign currency exchange rates Net acquisitions and divestitures a 1.6 point benefit Unfavorable foreign currency exchange rates a 1.1 point headwind First-quarter earnings per share-diluted of $1.10 as reported and $1.09 adjusted Outlook for 2015 updated: Full-year net sales expected to increase 4.5% to 5.5%, including a net benefit from acquisitions and divestitures of about 2.5 points and an increase... More