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Hershey Co
XMUN:HSY

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Hershey Co
XMUN:HSY
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Price: 158.48 EUR -0.26%
Market Cap: €32.1B

Hershey Co
Investor Relations

Hershey makes branded chocolate, candy, mints, and snack products. Its best-known names include Hershey’s, Reese’s, Kit Kat in the U.S., Kisses, Jolly Rancher, and Ice Breakers. The company sells these products through grocery stores, drugstores, convenience stores, club stores, vending, and other food channels, mainly to everyday consumers buying treats and snacks. Hershey earns most of its money by selling packaged candy and snacks to retailers and distributors, who then sell them to shoppers. It also sells some products through its own direct and seasonal channels, especially around holidays when chocolate and candy demand is strong. A smaller part of the business comes from licensing and related brand activities. What makes Hershey’s business easy to understand is that it sits close to the consumer end of the food chain: it turns cocoa, sugar, milk, peanuts, and other ingredients into familiar branded snacks that people buy often and in small amounts. Its value comes from strong brand recognition, shelf space in stores, and repeat purchases tied to everyday snacking and seasonal occasions.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 30, 2026
AI Summary
Q1 2026

Strong start: Hershey said first-quarter results were strong and that it remains on track to meet its 2026 financial targets, with full-year outlook unchanged.

Sales growth: Net sales rose 10.6%, helped by pricing, the LesserEvil acquisition, and earlier shipments tied to timing, while organic, constant-currency net sales grew 7.9%.

Brand momentum: Management highlighted strong retail sales for Hershey's, Reese's, JOLLY RANCHER, Ice Breakers and several salty-snack brands, saying the core business and newer bets both showed traction.

Margin pressure: Gross margin fell 80 basis points because commodity inflation and tariff costs more than offset pricing and productivity gains, but management expects a meaningful recovery to start in Q2.

Guidance steady: Hershey kept its full-year organic net sales growth outlook at 2.5% to 3.5% and adjusted EPS growth at 30% to 35%, while also reiterating roughly 400 basis points of full-year gross margin improvement.

Second-half support: The company pointed to seasonal activations, cultural moments, and a broader innovation pipeline as demand drivers for the back half of the year, including Americana, the HERSHEY movie, and new product launches.

Key Financials
Net sales
10.6%
Organic, constant currency net sales
7.9%
North America Confectionery net sales
8.3%
North America Salty Snacks net sales
26%
International net sales
16.1%
Adjusted gross margin
-80 basis points
Advertising and related consumer marketing investments
6%
Operating expenses
2.2%
Savings from AAA initiative
$26 million
Adjusted tax rate
25%
Interest expense
$50 million
Adjusted earnings per share
12.4%
Capital expenditures
$115 million
Dividends paid
$288 million
Share repurchases
$69 million
Hershey retail sales lift
11%
Reese's retail sales lift
10%
JOLLY RANCHER takeaway
nearly 5%
Ice Breakers retail sales
over 8%
Valentine's Day category sales
approximately 3.5%
Seasonal share gain
nearly 25 basis points
March Madness display activity
10% to 15%
March Madness net sales
double-digit increase
Protein bar portfolio consumption
17%
Dot's Pretzels retail sales
13%
LesserEvil retail sales
more than 65%
Brazil and U.K. organic net sales growth
mid-single-digit
Americana and HERSHEY movie contribution
almost 1 percentage point
Second quarter adjusted EPS growth
at least 15%
First-half organic net sales growth
3% to 4%
Earnings Call Recording
Other Earnings Calls

Management

Ms. Michele Gross Buck
Chairman, President & CEO
No Bio Available
Mr. Steven E. Voskuil
Senior VP & CFO
No Bio Available
Mr. Deepak Bhatia
Senior VP & CTO
No Bio Available
Ms. Kristen J. Riggs
President of Salty Snacks
No Bio Available
Ms. Jennifer L. McCalman
VP & Chief Accounting Officer
No Bio Available
Ms. Melissa Poole
Vice President of Investor Relations & Corporate Finance
No Bio Available
Ms. Marlene Creighton
Global Chief Sales Officer
No Bio Available
Mr. Christopher M. Scalia
Chief Transformation Officer & Chief Human Resources Officer
No Bio Available
Mr. Rohit Grover
President of International
No Bio Available
Mr. Kristoffel Meulen
Chief Development Officer
No Bio Available

Contacts

Address
PENNSYLVANIA
Hershey
19 East Chocolate Avenue, External Rptg & Compliance
Contacts
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