Hershey reports better-than-expected quarterly sales on strong demand

A Hershey's chocolate bar is shown in this photo illustration in Encinitas

(Reuters) – Hershey Co beat market expectations for quarterly sales on Thursday, boosted by price hikes and steady demand for its Kisses chocolates and Reese’s Peanut Butter Cups.

The company’s net revenue rose to $2.99 billion in the first quarter from $2.67 billion a year earlier, while analysts on average expected $2.91 billion, according to Refinitiv data.

(Reporting Aatrayee Chatterjee in Bengaluru; Editing by Krishna Chandra Eluri)

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