date:Jul 27, 2012
input costs for its upgrade to its West Hershey plant through its Project Next Century program, taking the total investment to $160m.
Bilbrey added that overall input costs for 2012 would be higher than the previous year.
The company reaffirmed its sales outlook for the full year. It expects net sales to grow between 7 and 9% on last year.
However, it has increased its adjusted earnings per share-diluted growth from 10-12% to 12-14%.