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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

PRESS RELEASE

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.

HIGHLIGHTS:

• 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.

Click here to see Hershey's full news release.


Information contained on this page is provided by the company via press release distributed by the company, organization, agency or other "source." Vending Times Inc. and VendingTimes.com make no warranties or representations in connection therewith.

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