The Hershey Company is pleased with second quarter results

According to the company, net price realization and volume were a 1.2 point and 0.6 point benefit, respectively. The net impact of acquisitions and divestitures was a 0.6 point headwind, and foreign currency exchange was a 0.3 point headwind. Hershey’s North America net sales were USD 1.568 bn in the second quarter of 2019, an increase of 0.5% versus the same period last year. Hershey’s International and Other segment increased by 3.9% to USD 199.2 m.  

Reported net income was USD 312.8 m, or USD 1.48 per share-diluted, an increase of 37%. Adjusted earnings per share-diluted was USD 1.31, an increase of 14.9%. “We are pleased with our second quarter results and the momentum we are seeing behind our key initiatives for this year,” said Michele Buck, The Hershey Company President and Chief Executive Officer.  “We continue to deliver differentiated results by growing both top and bottom line while investing in our brands and capabilities. We are on track to deliver our financial commitments for the year driven by accelerated U.S. performance, a strengthened international business and continued operational excellence.”