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Hershey beats quarterly sales estimates

2023-10-26 18:48
Hershey beat Wall Street expectations for quarterly sales on Thursday, riding on benefits from higher prices of its
Hershey beats quarterly sales estimates

Hershey beat Wall Street expectations for quarterly sales on Thursday, riding on benefits from higher prices of its chocolates and candies.

The company's net sales rose to $3.03 billion in the third quarter ended Oct. 1, from $2.73 billion a year earlier. Analysts on average had expected $2.95 billion, according to LSEG data.

(Reporting by Ananya Mariam Rajesh in Bengaluru; editing by Milla Nissi)