The Hershey Company continues to drive strong growth in core chocolate brands

The Hershey Company announced sales and earnings for the fourth quarter ended December 31, 2017. Consolidated net sales were USD 1.940 bn compared with USD 1.970 bn for the fourth quarter of 2016. Consolidated net sales for the full-year were USD 7.515 bn (+ 1.0%).
Reported net income for the fourth quarter of 2017 was USD 181.1 m, compared with USD 116.9 m for the comparable period of 2016. Reported net income for 2017 was USD 756.6 m, compared with USD 720.0 m in 2016.

"In 2017, we continued to strengthen our core chocolate brands, positioned our snacks business for on-going success and increased adjusted operating profit margin," said Michele Buck, The Hershey Company President and Chief Executive Officer. "We continue to drive strong growth in our core chocolate brands as Reese's, Hershey's, Kit Kat ® and Kisses combined retail takeaway was solid, up 2% in the fourth quarter and 5% for the full year. I am very excited about the acquisition of Amplify as we now have a meaningful presence, with the addition of the SkinnyPop brand, in the fast-growing warehouse salty snack aisle.”

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