Hershey Reports Fourth-Quarter and Full-Year 2020 Financial Results; Provides 2021 Outlook
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Hershey Foods (HSY) Tops Q4 EPS by 6c, Revenues Beat; Provides FY21 Outlook
February 4, 2021 6:50 AM ESTHershey Foods (NYSE: HSY) reported Q4 EPS of $1.49, $0.06 better than the analyst estimate of $1.43. Revenue for the quarter came in at $2.19 billion versus the consensus estimate of $2.11 billion.
Fourth-Quarter 2020 Financial Results Summary1
Consolidated net sales of $2,185.2 million, an increase of 5.7%.Organic, constant currency net sales increased 6.3%.The impact of divestitures on net sales was a 0.2 point headwind2 while foreign currency exchange was a 0.4 point headwind.Reported net income of $291.4 million, or $1.39 per share-diluted, an increase of 41.8%.Adjusted earnings per share-diluted of $1.49, an increase of... More