Article: Hershey Foods Corp. third-quarter results.

HERSHEY FOODS CORP. THIRD QUARTER RESULTS

HERSHEY, Pa., Oct. 25 /PRNewswire/ -- Hershey Foods Corp. (NYSE: HSY) today announced record consolidated net sales and earnings from continuing operations for the third quarter ended Oct. 2, 1988.

Net sales from continuing operations were $597,642,000 compared with $519,012,000 for the third quarter of 1987. Income from continuing operations was $41,674,000, or $.46 per share, compared with $38,738,000, or $.43 per share, for the same quarter last year.

Results for 1988 and 1987 have been restated for discontinued operations reflecting the sale of Friendly Ice Cream Corp. on Sept. 2, 1988. ...

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