Hershey Foods (HSY) Tops Q1 EPS by 12c

Hershey Foods (NYSE: HSY) reported Q1 EPS of $1.92, $0.12 better than the analyst estimate of $1.80. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.11 billion.

GUIDANCE:

Hershey Foods sees FY2021 EPS of $6.79-$6.92, versus the consensus of $6.75.

• Full-year net sales growth is now expected to be in the range of 4% to 6%, an increase from the previously communicated range of 2% to 4%.
• Full-year reported earnings per share are now expected to be in the range of $6.64 to $6.86, an increase of approximately 9% to 12% from $6.11 in fiscal 2020.
• Full-year adjusted earnings per share are now expected to be in the range of $6.79 to $6.92, an increase of 8% to 10% from $6.29 in fiscal 2020, and an increase from the previously communicated range of 6% to 8%.

For earnings history and earnings-related data on Hershey Foods (HSY) click here.

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