Replies to post #114766 on Coffee Sipping Big Board Stocks

[EZ2]

BRIEF-Hershey on conf call- Know there's a lot of chatter about Mondelez offer, not going to comment further on the matter
REUTERS 9:08 AM ET 7/28/2016
Symbol Last Price Change
HSY 110.86 +2.67 (+2.47%)
MDLZ 43.58 -0.36 (-0.82%)
QUOTES AS OF 09:53:57 AM ET 07/28/2016
July 28 (Reuters) - Hershey Co(HSY)

* On conf call - have intensified focus on analysis of global cost structure and business model

* On conf call - initial work underway indicates that there are bigger opportunities to unlock cost savings

* CFO- China gross sales are forecasted to decline in 2016

* CFO- for full year expect capex to be in the $265 million-$275 million range, about $20 million less than previous estimate

* CFO- advertising and related consumer marketing expense for the year is lower versus previous estimate

* Know there's a lot of chatter about Mondelez(MDLZ) offer, not going to comment further on this matter

* On conf call - expect full-year savings of about $135 million , up from previous estimate Further company coverage: (Bengaluru Newsroom: [phone])

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