The Hershey Company's Profit Moves Up
The Hershey Company (NYSE: HSY) announced its results for the third quarter on October 27, 2011. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next.
Earnings and Revenue:
The Hershey Company's EPS topped estimates and revenues came in line with Wall Street's expectations. The company reported EPS of 86 cents/share versus the 84 cents/share estimate and revenues of $1.62 billion versus the $1.62 billion estimate. EPS rose 10.3% while revenue climbed 5% from the same period last year.
Last quarter marked the third in a row of rising net income. The Hershey Company's revenue has grown during each of the past four quarters on a year-over-year basis.
Income:
For the year, The Hershey Company reported net income of $2.75/share. The company trumped analyst projections of $2.71 by 1.5%. According to the reported number, the company's income rose 9.2% from last year's levels.
Official Comment:
"Hershey's third quarter financial and U.S. marketplace results were solid as our core brands continue to perform well in all retail channels," said John P. Bilbrey, President and Chief Executive Officer."Results were slightly better than our expectations as both U.S. chocolate and non-chocolate candy categories continue to grow greater than the historical average despite macroeconomic challenges.We continue to leverage our intellectual insights and proprietary tools to drive overall category growth that benefits both Hershey and our retail partners."
Industry:
The food-confectionary company's industry is currently enjoying price/earnings growth of 2.8%.
What to Do Next:
Now that you've gotten a round up of The Hershey Company's latest numbers, you can make a better-informed decision about whether to buy, sell, or hold those shares. Whatever you do, be sure to visit us before the company's next earnings release for a full preview.
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