Hershey Foods (HSY) Tops Q2 EPS by 18c
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Hershey Reports Second-Quarter 2020 Financial Results; Provides 2020 Business Update
July 23, 2020 6:45 AM EDTHERSHEY, Pa., July 23, 2020 (GLOBE NEWSWIRE) -- The Hershey Company (NYSE: HSY) today announced net sales and earnings for the second quarter ended June 28, 2020.
Second-Quarter 2020 Financial Results Summary1
Consolidated net sales of $1,707.3 million, a decrease of 3.4%.Organic, constant currency net sales decreased 3.5%.The net impact of acquisitions and divestitures on net sales was a 0.8 point benefit, while foreign currency exchange was a 0.7 point headwind.Reported net income of $268.9 million, or $1.29 per share-diluted, a decrease of 12.8%.Adjusted earnings per... More