Hershey Company

NYSE:HSY   3:59:57 PM EDT
167.56
-1.36 (-0.80%)
4:00:00 PM EDT: $167.52 -0.04 (-0.02%)
Positive Earnings Pre-Announcement

Hershey Reports First-Quarter 2021 Financial Results Raises 2021 Net Sales And Earnings Outlook

Published: 04/29/2021 11:53 GMT
Hershey Company (HSY) - Hershey Reports First-quarter 2021 Financial Results; Raises 2021 Net Sales and Earnings Outlook.
Sees FY Adjusted Earnings per Share $6.79 to $6.92.
Q1 Earnings per Share $1.90.
Q1 Sales Rose 12.7 Percent to $2.296 Billion.
Sees FY 2021 Earnings per Share $6.64 to $6.86.
Q1 Adjusted Earnings per Share $1.92.
Are Off to an Outstanding Start in 2021.
Full-year Reported Earnings per Share Are Now Expected to Be in Range of $6.64 to $6.86.
Hershey's North America Segment Net Sales Were $2,081.9 Million in Q1 of 2021, an Increase of 12.8% Versus Same Period Last Year.
Full-year Adjusted Earnings per Share Are Now Expected to Be in Range of $6.79 to $6.92.
Q1 Earnings per Share View $1.80, Revenue View $2.11 Billion -- Refinitiv Ibes Data (analyst estimates).
Full-year Net Sales Growth is Now Expected to Be in Range of 4% to 6%.
FY2021 Earnings per Share View $6.75, Revenue View $8.40 Billion -- Refinitiv Ibes Data (analyst estimates).
First-quarter 2021 Net Sales for Hershey's International and Other Segment Increased 11.2% Versus Same Period Last Year to $214.1 Million.
Revenue is expected to be $1.83 Billion
Adjusted EPS is expected to be $1.43

Next Quarter Revenue Guidance is expected to be $2.27 Billion
Next Quarter EPS Guidance is expected to be $1.98

More details on our Analysts Page.