April 26, 2017 / 11:17 AM / 5 months ago

Hershey's revenue rises 2.8 pct on new chocolate launches

April 26 (Reuters) - Hershey Co, the maker of Kisses and Reese’s Peanut Butter Cups, reported a 2.8 percent rise in quarterly revenue as the launch of new chocolates boosted demand in the United States.

However, net income attributable to the company fell to $125 million, or 58 cents per share, in the first quarter ended April 2, from $229.8 million, or $1.06 per share, a year earlier.

The latest quarter included a $208.7 million asset impairment charge.

Net sales rose to $1.88 billion from $1.83 billion. (Reporting by Karina Dsouza and Sruthi Ramakrishnan in Bengaluru; Editing by Sriraj Kalluvila)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below