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BRIEF-Hershey reports Q4 earnings per share $0.55
February 3, 2017 / 1:06 PM / 8 months ago

BRIEF-Hershey reports Q4 earnings per share $0.55

Feb 3 (Reuters) - Hershey Co :

* Hershey announces fourth-quarter and full-year 2016 results; provides 2017 outlook

* Q4 earnings per share $0.55

* Q4 sales $1.97 billion versus i/b/e/s view $1.98 billion

* Hershey Co says unfavorable foreign currency exchange rates a 0.5 point and 0.7 point headwind in Q4 and full year, respectively

* Sees FY 2017 adjusted earnings per share $4.72 to $4.81

* Sees FY 2017 earnings per share $4.54 to $4.65

* Sees FY 2017 sales up 2 to 3 percent

* Hershey Co says brands responded positively to halloween and holiday investments and co gained 0.3 market share points in each season

* Hershey Co says “international macroeconomic challenges persist, especially in China, and we expect a slow start to year in that segment”

* Hershey -estimate 2017 net sales growth of 2pct to 3pct, including net benefit from acquisitions of about 0.5 points

* Hershey Co says in 2017, company anticipates its effective tax rate to be between 28.5% and 29.0%

* Hershey Co says anticipates 2017 adjusted earnings per share-diluted to increase 7pct to 9pct and be in $4.72 to $4.81 range

* FY2017 earnings per share view $4.64, revenue view $7.63 billion -- Thomson Reuters I/B/E/S

* Hershey Co says north america net sales were $1,690.1 million in Q4 of 2016, an increase of 3.8pct versus same period last year

* Hershey Co says Q4 china net sales slightly below forecast due to challenges in modern trade that persist given current macroeconomic environment

* Hershey Co says in Q4 of 2016, china chocolate category retail sales declined about 4%, same rate as second and q3 declines Source text for Eikon: Further company coverage:

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