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