Consumer
Hershey Beats Expectations, Buoyed by Charging Higher Prices
Hershey's Miniatures chocolates and Hershey's Kisses chocolates at a store in Pinole, California.
Photographer: David Paul Morris/BloombergHershey Co. posted first-quarter sales and profit that beat Wall Street expectations, helped by higher prices.
The Pennsylvania-based maker of Hershey’s chocolates and Reese’s Peanut Butter Cups reported organic revenue growth of 7.9% that topped analysts’ expectations. Adjusted earnings per share of $2.35 also beat the average of analyst estimates.