Hershey Foods has reported consolidated net sales for the fourth quarter to 31 December of US$1.16bn, compared with $1.15bn for the same period of 2001.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Net income was $130m, or 96 cents per share, compared with a loss of $44.9m, or 33 cents per share, in 2001.


The results for the fourth quarter of 2002 included a pre-tax charge of $13.3m, or 6 cents per share, associated with the business realignment initiatives announced in October 2001.


Excluding the one-time items, net income for the fourth quarter of 2002 was $138.7m, compared with $130.5m, a gain of 7.4%.


For the full year 2002, consolidated net sales were $4.12bn, compared with $4.14bn for 2001. Net income for 2002 was $403.6m, compared with $207.2m in the prior year.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Results for 2002 included cumulative pre-tax realignment charges of $34.0m and pre-tax expenses of $17.2m related to the exploration of the sale of the company.


Excluding one-time items, net income for 2002 was $436.0m, compared with $391.5m for 2001, an increase of 11.6%.


 

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now