Hershey Continues To Grow Sales, Preparing For Upturn

US confectionery manufacturer Hershey has raised its full-year sales and earnings forecast after posting strong second quarter results. In the three months to July 5 net turnover increased by 5.9% to US$1.17bn while net income increased by more than 70% to come in at US$71.3mn. The firm has been a strong performer over the last six months, having been boosted by price rises and market share gains. Notably, the firm has been helped by consumers trading down from premium confectionery varieties, a sector where it has traditionally been weak. However, despite this CEO Dave West has revealed the firm is

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