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Dec 31, 2021
Hershey Q4 2021 Earnings Report
Hershey reported a record year with double-digit sales and earnings growth, finishing strong and carrying momentum into 2022.
Key Takeaways
Hershey's Q4 2021 results showed a 6.4% increase in consolidated net sales, driven by price realization and acquisitions, with adjusted EPS increasing by 13.4%. The company's 2022 outlook anticipates continued growth, primarily through price increases, to offset rising costs and investments.
Consolidated net sales increased by 6.4% to $2,326.1 million.
Organic, constant currency net sales grew by 4.0%.
Reported net income increased by 16.5% to $335.6 million, or $1.62 per share-diluted.
Adjusted earnings per share-diluted increased by 13.4% to $1.69.
Revenue by Geographic Location
Forward Guidance
The company’s 2022 outlook is provided in the context of greater than usual volatility associated with the COVID-19 pandemic and industry-wide supply chain disruption. Total Company Net sales growth 8% - 10%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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