Hershey Foods (HSY) Tops Q3 EPS by 14c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus
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Hershey Reports Third-Quarter 2020 Financial Results; Provides 2020 Outlook
November 6, 2020 6:45 AM ESTHERSHEY, Pa., Nov. 6, 2020 /PRNewswire/ -- The Hershey Company (NYSE: HSY) today announced net sales and earnings for the third quarter ended September 27, 2020.
Third-Quarter 2020 Financial Results Summary1
Consolidated net sales of $2,219.8 million, an increase of 4.0%. Organic, constant currency net sales increased 3.8%. The net impact of acquisitions and divestitures on net sales was a 0.8 point benefit, while foreign currency exchange was a 0.6 point headwind. Reported net income of $447.3 million, or $2.14 per share-diluted, an increase of 39.0%. Adjusted earnings per share-diluted of $1.86, an... More