Hershey Co. raised its sales and earnings outlook for the current year, expecting momentum to carry over from a fourth-quarter where earnings rose 4.9%, helped by higher prices on its candy.
Separately, Hershey raised its dividend by 10%.
The maker of Hershey's Kisses, Reese's Peanut Butter Cups, Twizzlers and other sweets has steadily seen sales improve lately due to successful launches of new products like Reese's Minis and Hershey's Drops, and continuing to advertise behind its brands. The results have come despite a shaky consumer rebound and tough competitions larger rivals like closely held Mars Inc. and Kraft Foods Inc., owner of Cadbury.
To read the rest of the article click here.
Hershey Earnings Rise as Sales Increase .
We've upgraded our reader commenting system. Learn more about the new features.
The Baltimore Sun encourages civil dialogue related to our stories; you must register and log-in to our site in order to participate. We reserve the right to remove any user and to delete comments that violate our Terms of Service. By commenting, you agree to these terms. Please flag inappropriate comments.