Hershey: consolidated net sales up

According to the company, reported net income for the third quarter of 2016 was USD 227.4 m or USD 1.06 per share-diluted, compared with USD 154.8 m or USD 0.70 per share-diluted for the comparable period of 2015. “I'm pleased with Hershey's third-quarter operating results, which were relatively in line with our estimates across all markets,” said John P. Bilbrey, Chairman, President and Chief Executive Officer, The Hershey Company.

For the first nine months of 2016, consolidated net sales were USD 5.470 bn compared with USD 5.477 bn for the same period of 2015, a decrease of 0.1%. Reported net income for the first nine months of 2016 was USD 603.2 m or USD 2.80 per share-diluted, compared with  USD 299.6 m or USD 1.35 per share-diluted for the comparable period of 2015.