Hershey Foods (HSY) Tops Q4 EPS by 4c

Hershey Foods (NYSE: HSY) reported Q4 EPS of $1.28, $0.04 better than the analyst estimate of $1.24. Revenue for the quarter came in at $2.07 billion versus the consensus estimate of $2.06 billion.

“We had a strong year in 2019 with accelerated business performance and differentiated financial results,” said Michele Buck, The Hershey Company President and Chief Executive Officer. "This was driven by momentum in our core U.S. confection portfolio in both retail takeaway and margin expansion, incremental and profitable international growth, and further expansion of our snacking portfolio. We continued investing in our brands, capabilities, and people and have confidence we will deliver another year of high-quality financial results in 2020.”

GUIDANCE:

Hershey Foods sees FY2020 EPS of $6.13-$6.24, versus the consensus of $6.16.

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

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