trending Market Intelligence /marketintelligence/en/news-insights/trending/YwfwMxJlGCmTq8UQs89Wqw2 content esgSubNav
In This List

Hershey fiscal Q3 profit climbs 11.3% YOY

Blog

Industries Most and Least Impacted by COVID-19: A Market-Implied Probability of Default Perspective

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Insight Weekly: Labor market recovery hurdles; power market integration; nonbank M&A hunt

Blog

Investment Banking Essentials Newsletter: October Edition


Hershey fiscal Q3 profit climbs 11.3% YOY

The Hershey Company said its normalized net income for the fiscal third quarter ended Oct. 1 was $1.23 per share, compared with the S&P Capital IQ consensus estimate of $1.29 per share.

EPS climbed 12.2% year over year from $1.10.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $263.5 million, an increase of 11.3% from $236.8 million in the prior-year period.

The normalized profit margin climbed to 13.0% from 11.8% in the year-earlier period.

Total revenue climbed year over year to $2.03 billion from $2.00 billion, and total operating expenses totaled $1.59 billion, compared with $1.60 billion in the year-earlier period.

Reported net income increased 19.8% on an annual basis to $273.1 million, or $1.28 per share, from $228.1 million, or $1.06 per share.