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EX - 99.1 2 exhibit991_2021xq2.htm EX - 99.1 - PRESS RELEASE DATED JULY 29 , 2021 FINANCIAL CONTACT : Melissa Poole mpoole@hersheys.com HERSHEY Exhibit 99.1 MEDIA CONTACT : Allison Kleinfelter akleinfelter@hersheys.com Hershey Reports Second - Quarter 2021 Financial Results ; Updates 2021 Net Sales and Earnings Outlook HERSHEY , Pa . , July 29 , 2021 - The Hershey Company ( NYSE : HSY ) today announced net sales and earnings for the second quarter ended July 4 , 2021 , and updated its full - year financial outlook . “ Our business continued to excel in the second quarter with robust recovery in away - from - home consumption and international markets and sustained elevated at - home consumption , ” said Michele Buck , The Hershey Company President and Chief Executive Officer . " This strong consumer demand , coupled with our executional excellence , healthy balance sheet and relentless focus on delivering against our strategic initiatives in the quarter enabled us to support and expand our portfolio , invest in our people and deliver strong shareholder returns . As trends continue to fluctuate , we are confident in our ability to adapt with our consumers and retailers and continue meeting their needs in the future . " Second - Quarter 2021 Financial Results Summary¹ • Consolidated net sales of $ 1,989.4 million , an increase of 16.5 % . • Organic , constant currency net sales increased 15.5 % . • Foreign currency exchange was a 1.0 point benefit to net sales . • Reported net income of $ 301.2 million , or $ 1.45 per share - diluted , an increase of 12.4 % . • Adjusted earnings per share - diluted of $ 1.47 , an increase of 12.2 % . All comparisons for the second quarter of 2021 are with respect to the second quarter ended June 28 , 2020