Hershey Co. (HSY) reported fourth-quarter net income was $126.78 million or $0.55 per share compared to $82.16 million or $0.36 per share for the comparable period of 2008. Adjusted net income was $144.35 million or $0.63 per share, compared to $133.84 million or $0.59 per share in the fourth quarter of 2008. Analysts polled by Thomson Reuters expected the company to report earnings of $0.60 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales were $1.41 billion, up from $1.38 billion for the fourth quarter of 2008. Six analysts had consensus revenue estimate of $1.42 billion for the quarter.
The company said that its board declared a quarterly dividend of $0.32 on the Common Stock, an increase of $0.0225 per share. In addition, the Board declared a dividend of $0.29 on the Class B Common Stock, an increase of $0.0222 per share. The dividends are payable March 15, 2010, to stockholders of record February 25, 2010.
Hershey reaffirmed for 2010 growth outlook in net sales of 3-5% and an increase in adjusted earnings per share-diluted of 6-8%. Analysts expect the company to report earnings of $2.27 per share on revenues of $5.50 billion for fiscal 2010.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.