Hershey's profit rises 20% in Q3

Food and BeverageReuters

Oct 26 (Reuters) - Hershey Co's profit rose 20 percent in the third quarter, as the maker of Reese's Peanut Butter Cups and Hershey's Kisses benefited from cost-cutting efforts as well as lower cocoa prices.

Continue Reading Below

Net income rose to $273.3 million or $1.28 per share in the quarter ended Oct. 1, from $227.4 million or $1.06 per share, a year earlier.

Net sales rose slightly to $2.03 billion from $2 billion. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Supriya Kurane and Sai Sachin Ravikumar)

What do you think?

Click the button below to comment on this article.