trending Market Intelligence /marketintelligence/en/news-insights/trending/PNhrx8oRbUFw7ocaOiYXzg2 content esgSubNav
In This List

Hershey fiscal Q1 profit climbs 40.3% YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Hershey fiscal Q1 profit climbs 40.3% YOY

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.