Hershey Announces Second-Quarter Results; Updates Outlook For 2017

July 27, 2017
  • Second-quarter net sales increased 1.5%, including the impact of acquisitions and foreign currency exchange rates: 
  • Acquisitions a 0.5 point benefit 
  • Unfavorable foreign currency exchange rates a 0.3 point headwind 
  • Second-quarter earnings per share-diluted of $0.95 as reported and $1.09 adjusted 
  • Outlook for 2017 net sales updated; adjusted earnings per share-diluted reaffirmed: 
  • Full-year net sales expected to increase around 1%, including unfavorable foreign currency exchange rates of about 0.25 points 
  • Reported earnings per share-diluted expected to be in the $3.41 to $3.60 range 
  • Adjusted earnings per share-diluted expected to increase around the high end of the 7% to 9% range of $4.72 to $4.81  
  • Quarterly dividend declared on Common Stock and increased 6% 

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