Earnings release
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HERSHEY FINANCIAL CONTACT : Melissa Poole mpoole@hersheys.com MEDIA CONTACT : Allison Kleinfelter akleinfelter@hersheys.com Hershey Reports Third - Quarter 2021 Financial Results ; Raises 2021 Net Sales and Earnings Outlook HERSHEY , Pa . , October 28 , 2021 - The Hershey Company ( NYSE : HSY ) today announced net sales and earnings for the third quarter ended October 3 , 2021 , and raised its full - year financial outlook . " Consumer demand for our brands has remained robust on both a one- and two - year basis , " said Michele Buck , The Hershey Company President and Chief Executive Officer . “ Our continued focus on operating with speed and agility has enabled us to respond quickly to changes in the marketplace and develop plans to maintain sales momentum , increase production and sustain our advantaged margin structure over the long term . We are raising both sales and earnings guidance for 2021 to reflect elevated consumer demand across markets , an improved tax outlook and optimized brand investment , which , collectively , are expected to more than offset higher supply chain costs and inflation . " Third - Quarter 2021 Financial Results Summary¹ • Consolidated net sales of $ 2,359.8 million , an increase of 6.3 % . • Organic , constant currency net sales increased 4.4 % . • The impact of acquisitions on net sales was a 1.4 - point benefit² , and foreign currency exchange was a 0.5- point benefit . • Reported net income of $ 444.9 million , or $ 2.14 per share - diluted , in line with the prior period . • Adjusted earnings per share - diluted of $ 2.10 , an increase of 12.9 % . All comparisons for the third quarter of 2021 are with respect to the third quarter ended September 27 , 2020 2 Reflects the 2021 acquisition of Lily's Sweets , LLC 1