Hershey Q4 net sales up 14% to $2.65B; adjusted EPS $2.02, +19.5%; guides FY2023 6-8% sales growth

HERSHEY CO

Q4 net sales $2,652M (+14% YoY); organic constant currency +10.7% (price +8.5pts, volume +2.2pts).
Q4 reported EPS $1.92 (+18.5%), adjusted EPS $2.02 (+19.5%).
FY2022 net sales $10,419M (+16.1%), adjusted EPS $8.52 (+18.5%).
2023 outlook: net sales +6-8%, adjusted EPS +9-11% ($9.29-$9.46).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

HERSHEY CO reported the full-year ended December 31, 2022 results: revenue $10,419.3 million, net income $1,644.8 million, EPS $7.96 per share-diluted.

Period: the full-year ended December 31, 2022
Revenue: $10,419.3 million
Net income: $1,644.8 million
EPS: $7.96 per share-diluted
Result: reported results

Exact text from the filing

the impact from the 2021 acquisitions of Pretzels Inc. (Pretzels) and Dot’s Pretzels, LLC (Dot’s). 1 2022 Full-Year Financial Results Summary 3 • Consolidated net sales of $10,419.3 million, an increase of 16.1%. • Organic, constant currency net sales increased 12.0%. • The net impact of acquisitions on net sales was a 4.3-point benefit 4 while foreign currency

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

HERSHEY CO updated its the full year ending December 31, 2023 guidance (initiated).

Period: the full year ending December 31, 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

Hershey Reports Fourth-Quarter and Full-Year 2022 Financial Results; Provides 2023 Outlook

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

HERSHEY CO reported the fourth quarter ended December 31, 2022 results: revenue $2,652.3 million, net income $396.3 million, EPS $1.92 per share-diluted.

Period: the fourth quarter ended December 31, 2022
Revenue: $2,652.3 million
Net income: $396.3 million
EPS: $1.92 per share-diluted
Result: reported results

Exact text from the filing

in 2023 as we invest in our amazing portfolio of brands, additional capacity and capabilities.” Fourth-Quarter 2022 Financial Results Summary 1 • Consolidated net sales of $2,652.3 million, an increase of 14.0%. • Organic, constant currency net sales increased 10.7%. • The impact of acquisitions on net sales was a 3.6-point benefit 2 while foreign currency exchange

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

HERSHEY CO filing history →

Source: SEC EDGAR

accession 0000047111-23-000003

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