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Hershey's profit rises 20 pct in 3rd quarter
October 26, 2017 / 11:12 AM / 2 months ago

Hershey's profit rises 20 pct in 3rd quarter

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.

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)

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