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Hershey makes six-month results gains, despite broader market tests
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News Archive - Confectionery Production
L-r) Actresses Patricia Arquette, Lindsay Lohan and Amy Sedaris join Reese's latest crossover campaign with Oreo, with star power backing Hershey as it delivers key results.
Pic: HersheyThe Hershey group has unveiled its half-year results, which have shown improved fortunes driven, with second quarter net sales at $2.78 billion, up 6.6% driven by salty snacks segments and price rises, reports Neill Barston.
While such top-line figures appeared considerably encouraging for the business, its results revealed underlying issues remained, as its sales volumes dipped by 8 points.
Kirk Tanner, The Hershey Company President and Chief Executive Officer welcomed the results.
He said: “We delivered a strong first half, with reported net sales up 8.7%, organic net sales up 5.8% and meaningful earnings recovery.