Hershey Foods (HSY) Tops Q1 EPS by 43c
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.