Hershey's: Trick or Treat?
Because of hurricane Sandy, our town has moved the annual trick-or-treat festivities to Saturday. But that doesn't mean I'm not celebrating Halloween –- I am. If you've been long Hershey's (HSY) for the last few months, you've been celebrating, too. But with candy sales slowing, are investors in for a fright?
Last Thursday, Hershey's reported third-quarter earnings per share (EPS) of $0.87. Revenues rose 7.5% to $1.75 billion. The company's profit fell 10% for the quarter. Hershey reported a profit of $176.7 million, or $0.77 a share, which was down from the year-ago profit of $196.7 million, or $0.86 a share. Gross margin widened to 42.5% from 41.9%....400 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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