Advertisement
Hershey Raises FY22 Outlook; Boosts Dividend 15% - Update
(RTTNews) - While reporting financial results for the second quarter on Thursday, Hershey Co. (HSY) raised its adjusted earnings and net sales growth guidance for the full-year 2022, reflecting the strength of its performance in the first-half and expectations for the second half of the year.
For fiscal 2022, the company now projects adjusted earnings in the range of $8.05 to $8.20 per share on net sales growth of 12 to 14 percent.
Previously, the company expected adjusted earnings in the range of $7.91 to $8.05 per share on net sales growth of 10 to 12 percent.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $8.05 per share on net sales growth of 11.3 percent to $9.99 billion for the year. Analysts' estimates typically exclude special items.
The Board of Directors of The Hershey Company also declared 15 percent higher quarterly dividend of $1.036 on the Common Stock and $0.942 on the Class B Common Stock, payable September 15, 2022, to shareholders of record as of August 19, 2022.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Hershey Canada Launches First Plant-Based Chocolate Bar In Canada
Hershey Reaffirms FY23 Outlook
Commodity Currencies Slide As Traders Remain Cautious
Yen Falls Against Majors
Canadian Dollar Slides Against Most Majors
NZ Dollar Slides Against Most Majors
Australian Dollar Falls Against Majors
