The candy company's adjusted earnings matched Wall Street's view, while revenue topped analysts' estimates.
For the period ended Dec. 31, the Hershey, Pa., company earned $186.1 million, or 82 cents per share. That compares with $149.9 million, or 66 cents per share, a year earlier.
Taking out acquisition-related costs and other items, earnings were 86 cents per share. This met the expectations of analysts polled by FactSet.
Revenue climbed 12 percent to $1.96 billion from $1.75 billion, topping Wall Street's forecast of $1.89 billion.
Full-year net income rose 24 percent to $820.5 million, or $3.61 per share, from $660.9 million, or $2.89 per share, in the prior year. Adjusted earnings were $3.72 per share. Annual revenue increased 8 percent to $7.15 billion from $6.64 billion.
Hershey Co. maintained its guidance for 2014 adjusted earnings between $4.05 and $4.13 per share. Revenue is still expected to climb 5 percent to 7 percent. Analysts expect full-year earnings of $4.12 per share.
The company also declared a quarterly dividend of 48.5 cents per share on Thursday. The dividend will be paid on March 14 to shareholders of record on Feb. 25.