HSY » Topics » HERSHEY FOODS ANNOUNCES RECORD FOURTH QUARTER AND FULL-YEAR RESULTS

This excerpt taken from the HSY 8-K filed Jan 26, 2005.

HERSHEY FOODS ANNOUNCES RECORD FOURTH QUARTER
AND FULL-YEAR RESULTS

HERSHEY, Pa., January 26, 2005 — Hershey Foods Corporation (NYSE:HSY) today announced record sales and earnings from operations for the fourth quarter ended December 31, 2004. Consolidated net sales were $1,267,963,000 compared with $1,179,255,000 for the fourth quarter of 2003. Net income for the fourth quarter of 2004 was $170,286,000, or $.68 per share-diluted, compared with $144,938,000, or $.55 per share diluted, for the comparable period of 2003.

For the fourth quarter of 2003, these results, prepared in accordance with generally accepted accounting principals (GAAP), include a pre-tax charge of $11.8 million, or $.03 per share-diluted, relating to business rationalization and realignment initiatives. Net income for the fourth quarter of 2004 was $170,286,000, or $.68 per share-diluted, compared with $152,131,000, or $.58 per share-diluted, after excluding the item described above, for the fourth quarter of 2003, an increase of 17.2 percent.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki