Hershey Foods (HSY) Tops Q4 EPS by 9c, Offers FY17 Guidance
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Hershey Announces Fourth-Quarter and Full-Year 2016 Results; Provides 2017 Outlook
February 3, 2017 7:00 AM ESTFourth-quarter and full-year net sales increased 3.2% and 0.7%, respectively, including the impact of acquisitions and foreign currency exchange rates- Unfavorable foreign currency exchange rates a 0.5 point and 0.7 point headwind in the fourth quarter and full year, respectively- Acquisitions a 0.9 point and 0.6 point benefit in the fourth quarter and full year, respectivelyFourth-quarter earnings per share-diluted of $0.55 as reported and $1.17 adjustedFull-year 2016 earnings per share-diluted of $3.34 as reported and $4.41 adjustedOutlook for 2017 provided:- Full-year net sales expected to increase 2% to 3% including a net... More
