Hershey Announces Fourth-Quarter, Full-Year 2014 Results

Jan. 30, 2015

HERSHEY, Pa--(BUSINESS WIRE)--The Hershey Company (NYSE: HSY) today announced sales and earnings for the fourth quarter ended December 31, 2014. Consolidated net sales were $2,010,027,000 compared with $1,956,253,000 for the fourth quarter of 2013. Reported net income for the fourth quarter of 2014 was $202,508,000 or $0.91 per share-diluted, compared with $186,075,000 or $0.82 per share-diluted for the comparable period of 2013.

Fourth-quarter and full-year net sales increase 2.7% and 3.9%, respectively, including the impact of acquisitions and foreign currency exchange rates

Shanghai Golden Monkey acquisition a 2.7 point and 0.75 point benefit in the fourth quarter and full year

Unfavorable foreign currency exchange rates a 0.8 point and 0.7 point headwind in the fourth quarter and full year

Fourth-quarter earnings per share-diluted of $0.91 as reported and $1.04 adjusted

Full-year 2014 earnings per share-diluted of $3.77 as reported and $3.98 adjusted. Full report.

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