HSY » Topics » HERSHEY REAFFIRMS 2005 AND 2006 EXPECTATIONS AND ANNOUNCES NEW $500 MILLION STOCK REPURCHASE AUTHORIZATION - MILTON HERSHEY SCHOOL TRUST TO PARTICIPATE
This excerpt taken from the HSY 8-K filed Dec 12, 2005.
HERSHEY REAFFIRMS 2005
AND 2006 EXPECTATIONS AND ANNOUNCES NEW $500 MILLION STOCK REPURCHASE
MILTON HERSHEY SCHOOL TRUST TO PARTICIPATE
HERSHEY, Pa., December 12, 2005
In a series of presentations to be given to investment analysts in Hershey on
Tuesday, December 13, The Hershey Company (NYSE:HSY) will reaffirm its expectations for
the full-year 2005, stating that net sales will increase at a rate above the long-term
goal of 3-4 percent, and diluted earnings per share from operations should increase at a
rate greater than the long-term range of 9-11 percent.
In addition, the Company will
highlight major growth initiatives including benefit-driven innovation, continued
expansion within the U.S. snack market, and a disciplined approach to achieving profitable
growth in key global markets. To support these growth initiatives, Hershey will provide a
comprehensive review of productivity and cost savings efforts which will be implemented in
2006 and beyond. In this context the Company will reaffirm its expectations for 2006,
calling for sales growth somewhat above its 3-4 percent long-term goal, with increased
diluted earnings per share slightly above 9-11 percent, excluding the previously announced
business realignment charges.
Bet you've never seen portfolio analytics like these.