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The Hershey Company Message Board

  • bluecheese4u bluecheese4u Jul 26, 2012 1:44 PM Flag

    Hershey Announces Second Quarter Results; Updates EPS Outlook for 2012

    Hershey Announces Second Quarter Results; Updates EPS Outlook for 2012

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    HERSHEY, Pa.--(BUSINESS WIRE)--Jul. 26, 2012-- The Hershey Company (NYSE: HSY):

    ● Net sales increase 6.7%

    ● Earnings per share-diluted of $0.59 as reported and $0.66 adjusted

    ● Full year net sales growth reaffirmed; expected to increase 7-9%, including Brookside acquisition

    ● Outlook for 2012 reported and adjusted earnings per share-diluted updated:

    - Reported earnings per share-diluted expected to be $2.88 to $2.98

    - Adjusted earnings per share-diluted expected to increase 12-14%, greater than the previous estimate of 10-12%

    The Hershey Company (NYSE: HSY) today announced sales and earnings for the second quarter ended July 1, 2012. Consolidated net sales were $1,414,444,000 compared with $1,325,171,000 for the second quarter of 2011. Reported net income for the second quarter of 2012 was $135,685,000 or $0.59 per share-diluted, compared with $130,019,000 or $0.56 per share-diluted for the comparable period of 2011.

    http://www.thehersheycompany.com/newsroom/news-release.aspx?id=1718735

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