HSY » Topics » HERSHEY ANNOUNCES RECORD THIRD QUARTER AND NINE-MONTHS RESULTS FROM OPERATIONS
This excerpt taken from the HSY 8-K filed Oct 20, 2005.
RECORD THIRD QUARTER AND NINE-MONTHS
RESULTS FROM OPERATIONS
HERSHEY, Pa., October 20,
2005The Hershey Company (NYSE:HSY) today announced record sales and record
earnings from operations for the third quarter ended October 2, 2005. Consolidated net
sales for the third quarter were $1,368,240,000 compared with $1,254,508,000 for the third
quarter of 2004, an increase of 9.1 percent. Net income for the third quarter of 2005 was
$119,475,000, or $.48 per share-diluted, compared with $166,229,000, or $.66 per
share-diluted, for the comparable period of 2004.
For the third quarter of 2005, these
results include pre-tax charges of $101.4 million, or $.27 per share-diluted, associated
with the previously announced business realignment program to advance the Companys
value-enhancing strategy. Net income from operations, which excludes these charges, for
the third quarter of 2005 was $185,283,000, or $.75 per share-diluted, compared with
$166,229,000 or $.66 per share-diluted, an increase of 13.6%.
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