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Old 07-20-2007, 11:37 PM
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Hershey posts lower 2Q profit
Hershey posts lower 2Q profit
The News Tribune
Hershey, the nation's largest candymaker, on Thursday reported its profit tumbled 96 percent in the second quarter as it spent heavily to begin transforming its production lines and revive flat sales. The company's share prices plummeted more than 3.5 percent in morning trading. Meanwhile, it announced that it will make a major new entry into the fast-growing premium chocolate market with Starbucks-branded chocolates. The Hershey Co. earned $3.6 million, or a penny per share, for the three months ending...
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