HERSHEY, Pa. - Hershey's second-quarter net income increased 18 percent as the company sold more candy and costs for its ingredients dropped.
The maker of Kit Kats, Twizzlers and Hershey's Kisses raised its outlook for the year and increased its dividend Thursday.
For the period that ended June 30, Hershey Company earned $159.5 million, or 70 cents per share. That compares with $135.7 million, or 59 cents per share, in the same months a year earlier.
Excluding costs related to pensions, acquisitions and other items, earnings rose six cents to 72 cents per share, beating Wall Street's prediction by a penny. Lifting profit were lower ingredients costs, sales volume gains and higher sales of more profitable candy.
Revenue for the company climbed seven percent to $1.51 billion from $1.41 billion during the quarter. The performance met Wall Street's forecast.
Pennsylvania driver's licenses that are compliant with tougher federal anti-terrorism standards should be available in early 2019, according to Gov. Tom Wolf's office.Read More »
- Pa. health officials warn of possible measles exposure
- Pennsylvania man sets Plinko record on 'Price is Right,' goes wild
- Pa. court tightens rules for seizing properties tied to crime
- Pennsylvania's highest-paid CEO among top 10 in US
- Pa. Turnpike expects 2.3M vehicles over Memorial Day weekend
- Man arrested in hit-and-run crash with school bus
- Updated Lehigh Valley Zoo giraffe dies from neck injury
- Purple Heart recipient gets honored Memorial Day weekend
- Catasauqua police nab armed robbery suspect
- Countryside is making a strong comeback
- Local man takes business idea to the beach
- Bucks man gets life plus 15 to 30 years in friend's shooting death
- PHOTOS: Observing Memorial Day
- Great white shark Mary Lee detected off New Jersey coast
- In opioid crisis, a new risk for police: accidental overdose
- Monroe County farm holds annual Farm Animal Frolic