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• McDonald's announced that its first quarter net income totaled $625.3 million, down 14 percent from $727.9 million in the same period the year before. Sales rose 6.2 percent to $5.1 billion during the most recent quarter. Same-store sales were up 5.2 percent.

• Hershey Co. reported that first quarter net income was $121 million, compared with $113 million a year earlier. Quarterly sales were roughly flat at about $1.13 billion.

The company said that it would respond to flat sales by expanding its offerings in what it sees as high-growth categories, but would reduce its overall SKU count by between 20 and 25 percent.
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