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Business Description
Hershey Foods Company and its subsidiaries are engaged in the manufacture, distribution and sale of consumer food products. The Company produces and distributes a broad line of chocolate and non-chocolate confectionery and grocery products. Hershey's principal product groups include chocolate and non-chocolate confectionery products sold in the form of bar goods, bagged items and boxed items; and grocery products in the form of baking ingredients, chocolate drink mixes, peanut butter, dessert toppings, and beverages.

Financial Information
Hershey Foods manufactures, distributes, and sells a broad line of chocolate and non-chocolate confectionery, and grocery products. For the six months ended 6/30/02, revenues rose less than 1% to $1.81 billion. Net income increased 14% to $150.2 million. Revenues benefitted from incremental sales from Visagis, the Brazilian chocolate and confectionery business acquired in July 2001. Net income also reflects improved product and channel mix.