Hershey Foods (HSY) Declares $0.773 Quarterly Dividend; 2.1% Yield
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Hershey ups full-year sales forecast after third-quarter beat
October 24, 2019 7:16 AM EDT(Reuters) - Hershey Co (NYSE: HSY) raised its full-year revenue forecast after posting third-quarter results that beat Wall Street estimates on Thursday, driven by price increases and investments in snacking brands.
With younger consumers increasingly preferring healthier snacks to sugar-laden chocolates, Hershey has spent billions on acquiring companies with healthier offerings.
... MoreHershey Foods (HSY) Tops Q3 EPS by 1c, Revenues Beat; Offers FY19 EPS Guidance Below Consensus
October 24, 2019 7:06 AM EDTHershey Foods (NYSE: HSY) reported Q3 EPS of $1.61, $0.01 better than the analyst estimate of $1.60. Revenue for the quarter came in at $2.13 billion versus the consensus estimate of $2.12 billion.
Third-Quarter 2019 Financial Results Summary1
Consolidated net sales of $2,134.4 million, an increase of 2.6%.Organic constant currency net sales increased 1.6%.The net impact of acquisitions and divestitures on net sales was a 1.2 point benefit, while foreign currency exchange was a 0.2 point... More