'In 2022,
Fourth-Quarter 2022 Financial Results Summary1
Consolidated net sales of
Organic, constant currency net sales increased 10.7%.
The impact of acquisitions on net sales was a 3.6-point benefit2 while foreign currency exchange was a 0.3-point headwind.
Reported net income of
Adjusted earnings per share-diluted of
1 All comparisons for the fourth quarter of 2022 are with respect to the fourth quarter ended
2 Reflects the impact from the 2021 acquisitions of
2022 Full-Year Financial Results Summary3
Consolidated net sales of
Organic, constant currency net sales increased 12.0%.
The net impact of acquisitions on net sales was a 4.3-point benefit4 while foreign currency exchange was a 0.2-point headwind.
Reported net income of
Adjusted earnings per share-diluted of
3 All comparisons for full-year 2022 are with respect to the full-year ended
4 Reflects the impact from the 2021 acquisitions of Pretzels, Dot's and Lily's
2023 Full-Year Financial Outlook Summary
The company expects net sales growth of 6% to 8% driven primarily by net price realization as consumer demand remains steady behind higher advertising levels and increased capacity. Sales growth and gross margin expansion are expected to more than offset increased brand, capability and technology investments, as well as higher pension and interest expenses, to drive projected reported earnings per share growth of 11% to 15% and adjusted earnings per share growth of 9% to 11%.
2023 Full-Year Outlook: See full release at:
https://www.thehersheycompany.com/content/hershey-corporate/en-us/home/newsroom/press-release/press-release-detail.html?122717
(C) 2023 Electronic News Publishing, source