** charts after earnings **
Hershey Foods beats by $0.03, misses on revs; guides FY16 EPS in-line, revs in-line; adds $500 mln to repurchase :
- Reports Q4 (Dec) earnings of $1.08 per share, $0.03 better than the Capital IQ Consensus of $1.05; revenues fell 5.0% year/year to $1.91 bln vs the $1.97 bln Capital IQ Consensus.
- Co issues in-line guidance for FY16, sees EPS of $4.36-4.38 vs. $4.38 Capital IQ Consensus Estimate; sees FY16 revs of ~$7.53 bln (+2%) vs. $7.56 bln (+2.4%) Capital IQ Consensus Estimate. Excluding unfavorable foreign currency exchange rates, full-year constant currency net sales growth is expected to be around 3.0%.
- "Over the long term we expect constant currency net sales growth of 3% to 5%"
- The co announced that its Board of Directors has approved an additional $500 million stock repurchase authorization to repurchase shares of its Common Stock.
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