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Stock Market & Financial Investment News

News Breaks
January 31, 2013
07:03 EDTHSYHershey increases FY13 EPS view to $3.56-$3.63 , consensus $3.59
Outlook for 2013 net sales reaffirmed. Full-year net sales expected to increase 5-7%, driven primarily by volume, consensus $6.99B. Adjusted earnings per share-diluted expected to increase 10-12% and be in the $3.56-$3.63 range, greater than the previous estimate of an 8-10% increase.
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May 21, 2013
05:53 EDTHSYHershey to launch Chinese brand, WSJ reports
Hershey Co. is rolling out a Chinese brand designed for the world's fastest-growing candy market, reports the Wall Street Journal. In a first launch beyond the U.S. market, the company plans to spend "several million dollars" marketing three kinds of the condensed-milk candy to gain a share of China's market for milk candy, which Hershey estimated at $1.2B. Reference Link

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