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 :
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)