Financial report analysis-HERSHEY FOODS CORPORATION

INTRODUCTION

Hershey Foods Corporation is engaged, with its subsidiaries, in the manufacture, distribution and sale of confectionery and food product products. The Companys principal product groups include confectionery products sold in the form of bar goods, bagged items and boxed items, as well as marketplace products in the form of ba poof ingredients, chocolate imbibition mixes, peanut butter, dessert toppings and beverages. Hershey Foods manufactures confectionery products in a vicissitude of package forms and markets them nether more than 50 brands. The divers(prenominal) packaged forms include various arrangements of the same bar products, such as boxes, trays and bags, as well as a variety of different sizes and weights of the same bar products, such as snack size, standard, king size, large and giant bars..

The Company also manufactures and/or markets grocery products in the baking, beverage, peanut butter and toppings categories. Principal products in the coupled States include Hersheys, Reeses and Heath baking pieces, Hersheys chocolate milk mix, Hersheys cocoa, Hersheys hot chocolate Shoppe ice cream toppings, Hersheys Hot Cocoa Collection hot cocoa mix, Hersheys syrup and Reeses peanut butter. Hersheys chocolate- and strawberry-flavored milks are produced and sold infra license by various dairies throughout the United States, development milk mixes manufactured by the Company.

The Companys products are sold principally to grocery wholesalers, range grocery stores, candy distributors, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, concessionaires and food distributors by luxuriant-time gross revenue representatives, food brokers and part-time retail sales merchandisers throughout the United States, Canada and Mexico. In 2002, sales to Wal-Mart Stores, Inc. and subsidiaries amounted to approximately 21% of Hershey Foods total net sales.

Hershey Foods manufactures, imports, markets, sells and distributes chocolate products in Brazil under the Hersheys brand name. Additional products in Brazil include IO-IO black-backed gull creme items and chocolate and confectionery products...

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