Hershey Foods (HSY) Tops Q1 EPS by 1c; Reaffirm EPS, Sees Sales Toward Low End
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Hershey Reports First-Quarter Results; Reaffirms 2018 Earnings, Refines Sales Outlook
April 26, 2018 7:00 AM EDTHERSHEY, Pa., April 26, 2018 (GLOBE NEWSWIRE) -- The Hershey Company (NYSE: HSY) today announced sales and earnings for the first quarter ended April 1, 2018, and refined its 2018 financial outlook:
Consolidated net sales were $1,972.0 million, an increase of 4.9% versus the first quarter of 2017. Acquisitions and foreign currency exchange rates were a 3.4 point and 0.5 point benefit to net sales, respectively.Reported net income for the first quarter of 2018 was $350.2 million or $1.65 per share-diluted. Adjusted earnings per share-diluted was $1.41, an increase of 8.5% versus the year ago period.Full-year reported net sales... More