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Hershey raises annual adjusted profit growth forecast

Hershey raises annual adjusted profit growth forecast

Reuters · 07/28/2022 06:47
Hershey raises annual adjusted profit growth forecast

- Hershey Co HSY on Thursday raised its annual adjusted profit growth forecast, as the Kit Kat maker expects to benefit from price hikes and robust demand for its chocolates and candies.

The company said it expects full-year 2022 adjusted profit per share growth of 12% to 14%, compared with its prior forecast of a 10% to 12% rise.


(Reporting by Mehr Bedi in Bengaluru;
Editing by Vinay Dwivedi)

((Mehr.Bedi@thomsonreuters.com;))