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The Hershey Company (NYSE:HSY) is expected to report Q2 earnings before market open Wednesday, July 23, with a conference call scheduled for 8:30 am ET.

Guidance

Analysts are looking for a profit of 28c on revenue of $1.08B. The consensus range is 26c to 31c for EPS, and revenue of $1.07B to $1.09B, according to First Call. On June 17, the company gave 2008 guidance, saying it sees FY08 EPS of $1.85 to $1.90 vs. a consensus at the time of $1.82, and FY08 net sales growth of 3% to 4%. It also sees long-term EPS growth of 6% to 8%.

Analyst Views

Hershey added that the economy was not hurting the candy business and that it was more convinced then ever that its core U.S. business could grow. Gabelli, which rates Hershey a Buy, said it sees potential upside for 2009 if commodity costs subside.

Source: Earnings Preview: The Hershey Co.