Hershey Foods (HSY) Tops Q1 EPS by 3c, Sales Miss; Guides FY EPS Below the Street

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Go back to Hershey Foods (HSY) Tops Q1 EPS by 3c, Sales Miss; Guides FY EPS Below the Street

Hershey Announces First-Quarter Results; Updates Outlook for 2016

April 26, 2016 7:00 AM EDT

HERSHEY, Pa.--(BUSINESS WIRE)-- The Hershey Company:

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160426005536/en/

(Graphic: Business Wire)

As expected, first-quarter net sales declined 5.6%; unfavorable foreign currency exchange rate a 1.2 point headwind, resulting in a constant currency net sales decline of 4.4% First-quarter earnings per share-diluted of $1.06 as reported and $1.10 adjusted... More

Hershey Acquires barkTHINS Snacking Chocolate

April 26, 2016 7:00 AM EDT

HERSHEY, Pa.--(BUSINESS WIRE)-- The Hershey Company (NYSE: HSY) today announced that it has purchased Ripple Brand Collective, LLC, a privately held company based in Congers, New York, that owns the barkTHINS snacking chocolate brand.

This acquisition is a great addition to our Hershey chocolate portfolio and enables us to expand our mass premium offerings into this growing and on-trend category, said Michele G. Buck, President, North America, The Hershey Company. Since its launch in 2013, barkTHINS has quickly become a favorite snack brand due to its commitment to using simple ingredients, fair... More