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Hershey to retrench its international business, warns of low sales growth

Mar 02, 2017 - Philadelphia Inquirer

Hershey Co. will drastically cut staff and streamline its money-losing overseas businesses to refocus on the highly profitable U.S. market, new CEO Michele Buck told Wall Street analysts Wednesday.

Buck and chief financial officer Patricia Little also warned that 2017 got off to a slow start in sales, and that they expected revenue growth over the next two years would be weak or at the low range of projections of 2 percent to 4 percent.

The Pennsylvania-based chocolate giant will eli...