Hershey stories 38% rise in second-quarter revenue
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A Hershey’s chocolate bar is proven on this picture illustration in Encinitas, California January 29, 2015. Chocolate maker Hershey Co reported a lower-than-expected quarterly income as demand for bakery and meat snacks damage chocolate gross sales. REUTERS/Mike Blake/Recordsdata (UNITED STATES – Tags: BUSINESS LOGO)
(Reuters) – Chocolate maker Hershey Co (HSY.N) reported a 38% rise in quarterly revenue on Thursday, helped by worth hikes and decrease uncooked materials prices.
Internet revenue attributable to the corporate rose to $312.eight million, or $1.48 per share, within the second quarter ended June 30, from $226.9 million, or $1.08 per share, a 12 months earlier.
Gross sales rose about 1% to $1.77 billion, in keeping with the common analyst estimate, in response to Refinitiv knowledge.
Reporting by Soundarya J in Bengaluru; Enhancing by Arun Koyyur
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