Hershey Foods (HSY) Tops Q1 EPS by 43c

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April 28, 2022 6:46 AM EDT

Hershey Foods (NYSE: HSY) reported Q1 EPS of $2.53, $0.43 better than the analyst estimate of $2.10. Revenue for the quarter came in at $2.67 billion versus the consensus estimate of $2.48 billion.

2022 Full-Year Financial Outlook

The company is raising its 2022 net sales and earnings per share outlook to reflect the strength of its performance in the first quarter and expectations for the balance of the year:

2022 Full-Year Outlook

Total Company

Net sales growth3

10% - 12%

Reported earnings per share growth

8% - 11%

Adjusted earnings per share growth

10% - 12%

3 The impact of the Pretzels, Dot's and Lily's acquisitions is anticipated to be a 4- to 5-point benefit to net sales growth for the full-year 2022.

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


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