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Hershey reports 38% rise in second-quarter profit

Hershey reports 38% rise in second-quarter profit
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(Reuters) – Chocolate maker Hershey Co <HSY.N> reported a 38% rise in quarterly profit on Thursday, helped by price hikes and lower raw material costs.

Net income attributable to the company rose to $312.8 million, or $1.48 per share, in the second quarter ended June 30, from $226.9 million, or $1.08 per share, a year earlier.

Sales rose about 1% to $1.77 billion, in line with the average analyst estimate, according to Refinitiv data.

(Reporting by Soundarya J in Bengaluru; Editing by Arun Koyyur)

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