HERSHEY,
Pa., March 22, 2023 /PRNewswire/ -- The Hershey
Company (NYSE: HSY) is reaffirming its financial guidance for
fiscal year 2023 in conjunction with its Investor Day, being held
today in Hershey, PA. Hershey
leaders will provide an update on the company's strategic plans and
financial outlook, followed by a Q&A session. The meeting
begins at 9 a.m. EST. To participate
in the event, please visit the Investors section of the Company's
corporate website at
https://investors.thehersheycompany.com/en_us/home.html under
Events & Webcasts. A replay of the event will also be available
on the website following the event.
2023 Full-Year Financial Outlook Summary
2023 Full-Year
Outlook
|
|
Total
Company
|
Net sales
growth
|
|
6% - 8%
|
Reported earnings per
share growth
|
|
11% - 15%
|
Adjusted earnings per
share growth
|
|
9% - 11%
|
Safe Harbor Statement
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Many of these forward-looking statements can be identified by the
use of words such as "anticipate," "assume," "believe," "continue,"
"estimate," "expect," "forecast," "future," "intend," "plan,"
"potential," "predict," "project," "strategy," "target" and similar
terms, and future or conditional tense verbs like "could," "may,"
"might," "should," "will" and "would," among others. These
statements are made based upon current expectations that are
subject to risk and uncertainty. Because actual results may differ
materially from those contained in the forward-looking statements,
you should not place undue reliance on the forward-looking
statements when deciding whether to buy, sell or hold the company's
securities. Factors that could cause results to differ materially
include, but are not limited to: disruptions or
inefficiencies in our supply chain due to the loss or disruption of
essential manufacturing or supply elements or other factors; issues
or concerns related to the quality and safety of our products,
ingredients or packaging, human and workplace rights, and other
environmental, social or governance matters; changes in raw
material and other costs, along with the availability of adequate
supplies of raw materials; the company's ability to successfully
execute business continuity plans to address changes in consumer
preferences and the broader economic and operating environment;
selling price increases, including volume declines associated with
pricing elasticity; market demand for our new and existing
products; increased marketplace competition; failure to
successfully execute and integrate acquisitions, divestitures and
joint ventures; changes in governmental laws and regulations,
including taxes; political, economic, and/or financial market
conditions, including with respect to inflation, rising interest
rates, slower growth or recession, and other events beyond our
control such as the impacts on the business arising from the
conflict between Russia and
Ukraine; risks and uncertainties
related to our international operations; disruptions, failures or
security breaches of our information technology infrastructure and
that of our customers and partners (including our suppliers); our
ability to hire, engage and retain a talented global workforce, our
ability to realize expected cost savings and operating efficiencies
associated with strategic initiatives or restructuring programs;
complications with the design or implementation of our new
enterprise resource planning system; and such other matters as
discussed in our Annual Report on Form 10-K for the year ended
December 31, 2022 and from time to time in our other filings
with the U.S. Securities and Exchange Commission. The company
undertakes no duty to update any forward-looking statement to
conform the statement to actual results or changes in the company's
expectations.
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SOURCE The Hershey Company