Hershey Foods (HSY) Tops Q4 EPS by 25c; Guides Higher

Hershey Foods (NYSE: HSY) reported Q4 EPS of $2.02, $0.25 better than the analyst estimate of $1.77. Revenue for the quarter came in at $2.65 billion versus the consensus estimate of $2.58 billion.

GUIDANCE:

Hershey Foods sees FY2023 EPS of $9.29-$9.46, versus the consensus of $8.94. The company expects net sales growth of 6% to 8% driven primarily by net price realization as consumer demand remains steady behind higher advertising levels and increased capacity.

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

You May Also Be Interested In

• SanDisk and Micron surge as Apple confirms memory price pass-through
• Berenberg Downgrades Umicore SA (UMI:BB) (UMICY) to Hold
• Goldman Sachs Double Upgrades Bradsaude SA (SAUD3:BZ) to Buy