Easter Helps Lift Hershey (HSY) First Quarter Profit
The Hershey Company (NYSE:HSY) is the nation's 2nd largest manufacturer of quality chocolate and sugar confectionery products. The company markets such iconic brands as Hershey's, Reese's, Kit Kat, and Hershey's Kisses. Privately-owned Mars Inc. leapfrogged Hershey last year to become the nation's largest candy maker with its purchase of the William Wrigley Jr. Company. Hershey announced today that its first quarter profit surged 20 percent, beating Wall Street expectations. The company's results were helped by several factors: a price increase which took effect in August, a gain in US market share, and a reporting period that captured more days of…