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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.