Hersey Reports Fourth-Quarter and Full-Year 2021 Financial Results

The Hershey Company today announced net sales and earnings for the fourth quarter and full-year ended Dec. 31, 2021.

“In 2021, we delivered a record year of production and double-digit sales and earnings growth, with a strong finish and momentum heading into 2022. While the environment remains volatile, we are confident in our ability to continue to respond to the changes in the world around us and deliver another year of advantaged performance in 2022,” said Michele Buck, The Hershey Company President and Chief Executive Officer. “I could not be prouder of the entire Hershey organization for the way they continue to unite to overcome obstacles, show courage and adaptability and persevere to deliver for consumers, partners, shareholders and each other during unprecedented times.”

Fourth-Quarter 2021 Financial Results Summary¹

• Consolidated net sales of $2,326.1 million, an increase of 6.4 percent.
• Organic, constant currency net sales increased 4.0 percent.
• The impact of acquisitions on net sales was a 2.2-point benefit² while foreign currency exchange was a 0.2-point benefit.
• Reported net income of $335.6 million or $1.62 per share-diluted, an increase of 16.5 percent.
• Adjusted earnings per share-diluted of $1.69, an increase of 13.4 percent.

2021 Full-Year Financial Results Summary³

• Consolidated net sales of $8,971.3 million, an increase of 10.1 percent.
• Organic, constant currency net sales increased 8.7 percent.
• The net impact of acquisitions and divestitures on net sales was a 1.0-point benefit⁴ and foreign currency exchange was a 0.4-point benefit.
• Reported net income of $1,477.5 million or $7.11 per share-diluted, an increase of 16.4 percent.
• Adjusted earnings per share-diluted of $7.19, an increase of 14.3 percent.

To see the company’s 2022 outlook, visit the full press release.