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hershey _2001_AR
- Hershey Foods Corporation produces and distributes a broad line of chocolate and non-chocolate confectionery and grocery products. - Net sales rose in 2001 primarily due to acquisitions of mint and gum businesses and new product introductions. Net sales also rose in 2000 due to increased sales of base confectionery products. - Gross margin was unchanged at 41.5% in 2000 and 2001. Excluding one-time charges, gross margin rose to 42.6% in 2001 due to lower costs and supply chain efficiencies.
