— The Hershey Company (NYSE: HSY) reported a 1.6% rise in fourth-quarter 2019 adjusted earnings to $1.28 per share, vs. $1.24 per share expected.
— GAAP net income declined 38% to $207.2 million or $0.98 per share from $336.8 million or $1.60 per share in the year-ago quarter.
— Consolidated net sales increased 4% to $2.1 billion, vs. $2.06 billion expected.
— Full-year 2020 reported net sales expected to increase in the range of 2% to 4%.
— Full-year reported earnings per share expected to be in the range of $6.04 to $6.20, up 11-14% vs. 2019.
— Full-year adjusted earnings per share estimated to be in the range of $6.13 to $6.24, an increase of 6% to 8% vs. 2019.