Hershey Reports Third-Quarter 2020 Financial Results; Provides 2020 Outlook
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Hershey Foods (HSY) Tops Q3 EPS by 14c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus
November 6, 2020 6:50 AM ESTHershey Foods (NYSE: HSY) reported Q3 EPS of $1.86, $0.14 better than the analyst estimate of $1.72. Revenue for the quarter came in at $2.22 billion versus the consensus estimate of $2.16 billion.
Third-Quarter 2020 Financial Results Summary1
Consolidated net sales of $2,219.8 million, an increase of 4.0%.Organic, constant currency net sales increased 3.8%.The net impact of acquisitions and divestitures on net sales was a 0.8 point benefit, while foreign currency exchange was a 0.6 point headwind.Reported net income of $447.3 million, or $2.14 per share-diluted, an increase of 39.0%.Adjusted earnings per... More