Hershey Reaffirms Outlook For 2019

Update from Hershey (HSY):

In a presentation today at the 2019 Consumer Analyst Group of New York (CAGNY) conference, Michele G. Buck, President and Chief Executive Officer, The Hershey Company (HSY), reviewed the progress the company has made against its strategic plans and the company’s 2019 imperatives to drive sustainable, profitable growth and long-term shareholder value.

During the presentation, Buck reaffirmed the company’s full-year 2019 financial expectations for net sales and earnings per share-diluted growth previously provided in its January 31, 2019, earnings release. Full-year reported net sales are expected to increase in the 1% to 3% range, full-year reported earnings per share-diluted are expected to increase 3% to 6% and full-year adjusted earnings per share-diluted are expected to increase 5% to 7%.

Hershey made $5.36 per share last year so the current forecast works out to an earnings range of $5.63 to $5.74 per share.

Posted by on February 20th, 2019 at 3:01 pm


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