Hershey Foods (HSY) Tops Q1 EPS by 1c; Reaffirm EPS, Sees Sales Toward Low End

Hershey Foods (NYSE: HSY) reported Q1 EPS of $1.41, $0.01 better than the analyst estimate of $1.40. Revenue for the quarter came in at $1.97 billion versus the consensus estimate of $1.94 billion.

GUIDANCE:

• Full-year reported net sales are expected to increase towards the lower end of the previously communicated range of 5% to 7%, as the company implements new initiatives to reduce complexity and improve margins.
• Hershey Foods reaffirms FY2018 EPS of $5.33-$5.43, versus the consensus of $5.36.

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

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