date:Oct 28, 2013
2013, reported gross margin is expected to increase 310 to 320 basis points.
Third Quarter Performance
Hershey's third-quarter net sales increased 6.1 percent. Volume was a 6.1 point benefit in the quarter driven by core brand growth and new products in U.S. and key international markets. Net price realization was a 0.5 point benefit and foreign currency exchange rates a 0.5 point headwind.
Hershey's U.S. candy, mint and gum (CMG) retail takeaway for the 12 weeks ended October 5, 2013, in th