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Hershey forecasts 2021 profit, sales above estimates

Feb 4 (Reuters) - Hershey Co forecast 2021 profit and sales above Wall Street expectations on Thursday, driven by a recent increase in product prices and strong demand for items, including Twizzlers, S’mores and Candy Dish, during the ongoing coronavirus pandemic.

The chocolatier projects 2021 net sales to grow by 2% to 4%, compared with analysts’ average estimate of a 2.94% rise.

It also expects full-year earnings per share to grow by 6% to 8%, while analysts on average expect a rise of 5.73%. (Reporting by Mehr Bedi in Bengaluru; Editing by Vinay Dwivedi)

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