Centaurus Financial - we invest in your success
CuraDebit Free Debt Analysis
  Home > Fortune 500 Companies > Hershey Foods

Hershey Foods


Hershey Foods is a publicly traded company having a good stock performance result. Hershey Foods is a fortune 500 stock listed company trading under HSY.
 
The Hershey Company is a leading snack food company and the largest North American manufacturer of quality chocolate and non-chocolate confectionery products, with revenues of over 4 billion dollars and more than 13,000 employees worldwide. The company markets such well-known brands as hershey's, reese's, hershey's kisses, kit kat, almond joy, mounds, york, jolly rancher, twizzlers, ice breakers, and bubble yum as well as innovative new products such as swoops and Hershey’s s'mores.
 
The company offers a range of products specifically developed to address the nutritional interests of today's health-conscious consumer. These products include Hershey’s sugar free candy as well as Hershey’s 1g sugar carb bars for people living a low-carb lifestyle. It also markets Hershey’s cocoa, Hershey’s syrup and other branded baking ingredients, toppings and beverages.
 
The results also reflect the expensing of employee stock options and other share-based compensation in accordance with Financial Accounting Standards Board Statement of Financial Accounting Standards No. 123 Share-Based Payment. Excluding the impact of SFAS No. 123R from both periods, net income from operations for the fourth quarter of 2005 was  185,676,000dollars, or .76dollars  per share-diluted, compared with 170,286,000dollars, or .68 dollars per share-diluted in 2004, an increase in earnings per share-diluted of 11.8 percent.

The company’s net income for 2005 includes total pre-tax charges of 119.0 million dollars, or 29dollars  per share-diluted, related to the business realignment initiatives mentioned above. Net income for 2004 includes the benefit of a 61.1 million dollars, or 24 dollars per share-diluted, non-cash reduction of income tax expense resulting from the second quarter adjustment to tax contingency reserves following the completion of prior years' tax audits. Net income from operations, which excludes these items, for the full-year 2005 was 567,265,000dollars, or 2.28dollars per share-diluted, compared with 516,820,000dollars, or 2.01dollars per share-diluted, an increase of 13.4 percent.

In commenting on the full year, Lenny said, 2005 was a very strong year for Hershey. They delivered record sales growth, expanded their category leadership, and achieved record profitability and returns from operations. Sales growth for the year of 9 percent included organic sales growth of 6 percent, with the remainder from business acquisitions. The organic sales growth was well-balanced between benefit-driven innovation, price realization, and solid seasonal performance.
 
 

Back to Fortune 500 Companies

 
 
Infinit-i