Hershey Reports Third-Quarter 2019 Financial Results; Updates 2019 Net Sales Outlook for the Acquisition of ONE Brands

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Go back to Hershey Reports Third-Quarter 2019 Financial Results; Updates 2019 Net Sales Outlook for the Acquisition of ONE Brands

Hershey Foods (HSY) Tops Q3 EPS by 1c, Revenues Beat; Offers FY19 EPS Guidance Below Consensus

October 24, 2019 7:06 AM EDT

Hershey Foods (NYSE: HSY) reported Q3 EPS of $1.61, $0.01 better than the analyst estimate of $1.60. Revenue for the quarter came in at $2.13 billion versus the consensus estimate of $2.12 billion.

Third-Quarter 2019 Financial Results Summary1

Consolidated net sales of $2,134.4 million, an increase of 2.6%.Organic constant currency net sales increased 1.6%.The net impact of acquisitions and divestitures on net sales was a 1.2 point benefit, while foreign currency exchange was a 0.2 point... More