Wm. Wrigley Jr. Co., the world's No. 1 chewing-gum maker, rodesolid sales and the benefits of a weak dollar overseas to a 14percent increase in first-quarter earnings.
Price increases for some of its products and cost controls alsoboosted the results announced Tuesday.
Net profits for the first three months of 2003 totaled $97million, or 43 cents a share, matching the consensus estimate ofanalysts polled by Thomson First Call.
Including foreign-currency benefits, revenues rose 12 percent to$672.4 million, although revenue from products rose only 5 percent.
The currency translation accounted for $40 million of Wrigley's$73 million in additional sales …
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