Hershey Company, (NYSE:HSY) plans to see a lot of things change for their 2010 profit value… Hershey Company trades on the “New York Stock Exchange” under the Stock Symbol, ”HSY”. For the Latest information regarding “HSY”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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The Hershey Co. (NYSE:HSY) reaffirms its 2010 viewpoint on Tuesday, saying it anticipates sales and adjusted profit to increase. David J. West, the candy maker’s president and CEO, said the company expects an increase of 3 to 5 percent in sales and growth of 6 to 8 percent in adjusted earnings per share. Those expectations are unbothered from the position given in Hershey's fourth-quarter and full-year earnings report earlier this month. For 2009, profit improved to $436 million, or $1.90 per share, compared with $311.4 million, or $1.36 per share, a year earlier. Adjusted earnings were $2.17 per share, and full-year sales were $5.3 billion.
About Hershey:
The Hershey Company engages in manufacturing, marketing, selling, and distributing various chocolate and confectionery products, food and beverage enhancers, and gum and mint refreshment products
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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
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