HERSHEY, Pa. — Hershey Co. today reported second-quarter profit of $315.6 million.
The company said it had profit of $1.53 per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were $1.80 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.
The chocolate bar and candy maker posted revenue of $2.37 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $2.23 billion.
Hershey expects full-year earnings in the range of $8.05 to $8.20 per share.