Hershey Reports Higher Profit

Publish Date: 
July 30, 2009

The Hershey Co. said second-quarter earnings leaped 71% from a year ago on stronger sales and improved margins. The company also said it will discontinue some of its premium products, which haven't fared well in the recession.  The chocolate maker also said it expects further improvement in gross margins in 2009 as dairy prices and other commodities moderate.
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