The Hershey Company said its normalized net income for the fiscal first quarter ended April 2 came to $1.36 per share, compared with the S&P Capital IQ consensus estimate of $1.25 per share.
EPS increased 42.2% year over year from 96 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $292.0 million, a gain of 40.3% from $208.2 million in the year-earlier period.
The normalized profit margin climbed to 15.5% from 11.4% in the year-earlier period.
Total revenue climbed year over year to $1.88 billion from $1.83 billion, and total operating expenses declined on an annual basis to $1.43 billion from $1.47 billion.
Reported net income declined 46.0% on an annual basis to $124.4 million, or 58 cents per share, from $230.5 million, or $1.06 per share.
