Hershey Foods (HSY) to Cut Workforce by 15%
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Hershey Details Strategy for Continued Growth
February 28, 2017 4:30 PM ESTMargin for Growth program expected to enable investments in business model and generate about 22% to 23% adjusted operating profit margin by year end 2019Updates long-term constant currency net sales growth target to +2-4%; reaffirms long-term adjusted earnings per share-diluted growth target of +6-8%2017 reported earnings per share-diluted expected to be in the $3.19 to $3.45 rangeOutlook for 2017 net sales and adjusted earnings per share-diluted reaffirmed:- Full year net sales expected to increase 2% to 3%- Adjusted earnings per share-diluted expected to increase 7% to 9% and be... More
