Posted at 11:38 a.m., Thursday, January 25, 2007
Profit falls at Mauna Loa Mac Nut parent company
Advertiser Staff
Hershey Co., owner of Mauna Loa Macadamia Nut Corp. in Hawai'i, reported profit in the three months ended Dec. 31 fell compared to a year earlier as sales at the largest U.S. candy maker declined for the first time in more than three years, Bloomberg News reported.Net income dropped to $153.6 million, or 65 cents a share, from $170.4 million, or 69 cents, a year earlier, the company said. Sales fell 0.7 percent to $1.34 billion, as smaller rival Mars Inc. took a bigger share of the U.S. market.
