Hershey Co. Exceeds Q4 Earnings Expectations
HERSHEY, Pa. - Hershey Co. (HSY) reported fourth-quarter net income of $796.6 million, or $3.92 per share. Adjusted earnings were $2.69 per share, surpassing Wall Street estimates of $2.38 per share.
Revenue for the period reached $2.89 billion, exceeding expectations of $2.85 billion. Hershey's strong performance was attributed to increased demand for its chocolate and candy products.
The company projects full-year earnings between $6 and $6.18 per share.