Hershey attributes $100M loss to international performance
Hershey Co.'s international performance, particularly in China, hindered the company's second quarter earnings. Hershey reported a loss of $99.9 million, well under the $168 million profit a year earlier. Sales were flat as well at about $1.58 billion.
Hershey said it was negatively impacted by "declining consumer confidence in China on mixed macroeconomic data, where it has seen many packaged goods categories declined," The Wall Street Journal reported.
