Issue Date: Vol. 54, No. 3, March 2014, Posted On: 2/13/2014
Hershey Q4 And FY 2013 Results: Net Sales Increase 11.7% And 7.6%, Respectively
Hershey Press Release
TAGS: Vending, Candy News, Confections, The Hershey Company, Hershey Fourth Quarter, Heshey Full Year 2013, Hershey Sales, Hershey Income
Source: Hershey Co. | Released January 30, 2014
HERSHEY, Pa.--(BUSINESS WIRE)--Jan. 30, 2014 -- The Hershey Company (NYSE: HSY) announced sales and earnings for the fourth quarter and full-year ended December 31, 2013. For the fourth quarter of 2013, consolidated net sales were $1,956,253,000 compared with $1,751,035,000 for the fourth quarter of 2012. Reported net income for the fourth quarter of 2013 was $186,075,000 or $0.82 per share-diluted, compared with $149,879,000 or $0.66 per share-diluted for the comparable period of 2012.
• Fourth quarter and full-year 2013 net sales increase 11.7% and 7.6%, respectively.
• Fourth quarter earnings per share-diluted of $0.82 as reported and $0.86 adjusted.
• Full-year 2013 earnings per share-diluted of $3.61 as reported and $3.72 adjusted.
• Outlook for 2014 net sales and earnings per share-diluted reaffirmed:
» Full-year net sales expected to increase 5-7%, driven primarily by volume.
» Reported earnings per share-diluted expected to be $4.02 to $4.11.
» Adjusted earnings per share-diluted expected to increase 9-11% and be in the $4.05 to $4.13 range.
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