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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.