Hershey Foods (HSY) Reaffirms FY19 Outlook

In a presentation today at the 2019 Consumer Analyst Group of New York (CAGNY) conference, Michele G. Buck, President and Chief Executive Officer, The Hershey Company (NYSE: HSY), reviewed the progress the company has made against its strategic plans and the company’s 2019 imperatives to drive sustainable, profitable growth and long-term shareholder value.

During the presentation, Buck reaffirmed the company's full-year 2019 financial expectations for net sales and earnings per share-diluted growth previously provided in its January 31, 2019, earnings release. Full-year reported net sales are expected to increase in the 1% to 3% range, full-year reported earnings per share-diluted are expected to increase 3% to 6% and full-year adjusted earnings per share-diluted are expected to increase 5% to 7%.

The company’s CAGNY presentation was accompanied by slides that can be accessed in the “CALENDAR OF EVENTS” section of the corporate website. (https://www.thehersheycompany.com/en_us/investors/events-reports-releases/calendar-of-events.html).

You May Also Be Interested In

• BofA raises AMD target to $720, sees server CPU TAM tripling to $211B by 2030
• Moody’s raises BJ’s Wholesale outlook to positive on debt reduction
• KeyBanc gets bearish on Comcast as broadband competition intensifies