Hershey's (HSY) Q4 Earnings Beat Estimates, Sales Up Y/Y
Zacks Investment Research | Jan 29, 2020 10:00PM ET
The Hershey Company (NYSE:HSY) delivered fourth-quarter 2019 results, with the top and the bottom increasing year over year. Moreover, earnings beat the Zacks Consensus Estimate. The quarterly results gained from acquisitions and improved price realization.
Earnings & Revenue Discussion
Adjusted earnings per share (EPS) of $1.28 surpassed the Zacks Consensus Estimate of $1.24 and rose 1.6% year over year. The upside can be attributed to higher sales.
Consolidated net sales of $2,068.1 million rose 4% year over year. The Zacks Consensus Estimate was $2,067 million. Price realization drove sales growth by 3.6 point. Buyouts and divestitures had a net favorable impact of 2.2 point on the top line. However, currency translations and volumes had a negative impact on sales by 0.1 and 1.7 points, respectively.
Hershey Company (The) Price, Consensus and EPS Surprise
industry ’s rise of 37%. Currently, Hershey carries a Zacks Rank #3 (Hold).
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