Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • BW TV
  • Subscribe to Print
BW Businessworld

Hershey Forecasts 2021 Profit, Sales Above Estimates

The chocolatier projects 2021 net sales to grow by 2% to 4%, compared with analysts' average estimate of a 2.94% rise.

Photo Credit :

1612440380_kUaQz5_2021_02_04T115943Z_1_LYNXMPEH130YZ_RTROPTP_4_HERSHEY_RESULTS.JPG

Hershey Co forecast 2021 profit and sales above Wall Street expectations on Thursday, driven by a recent increase in product prices and strong demand for items, including Twizzlers, S'mores and Candy Dish, during the ongoing coronavirus pandemic.

The chocolatier projects 2021 net sales to grow by 2% to 4%, compared with analysts' average estimate of a 2.94% rise.

It also expects full-year earnings per share to grow by 6% to 8%, while analysts on average expect a rise of 5.73%.

(Reuters)