The Hershey Company (HSY) Earnings
The Hershey Company is expected to report next earnings on July 29, 2026 (in NaN days), with a consensus EPS estimate of $1.44. HSY has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +20.2% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $2.04 | $2.35 | +15.2% | $3.1B | +2.5% |
| Feb 5, 2026 | $1.40 | $1.71 | +22.1% | $3.1B | +3.7% |
| Oct 30, 2025 | $1.07 | $1.30 | +21.5% | $3.2B | +2.0% |
| Jul 30, 2025 | $0.99 | $1.21 | +21.9% | $2.6B | +3.6% |
| May 1, 2025 | $1.94 | $2.09 | +7.7% | $2.8B | +0.5% |
| Feb 6, 2025 | $2.40 | $2.69 | +12.1% | $2.9B | +1.7% |
| Nov 7, 2024 | $2.56 | $2.34 | -8.6% | $3.0B | -2.9% |
| Aug 1, 2024 | $1.44 | $1.27 | -11.8% | $2.1B | -9.9% |
| May 3, 2024 | $2.76 | $3.07 | +11.2% | $3.3B | +4.5% |
| Feb 8, 2024 | $1.95 | $2.02 | +3.6% | $2.7B | -2.2% |
| Oct 26, 2023 | $2.45 | $2.60 | +6.1% | $3.0B | +2.5% |
| Jul 27, 2023 | $1.91 | $2.01 | +5.2% | $2.5B | -16.3% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Retail execution: Focus on SKU gains, deploying stand - up bags, measuring on - shelf availability weekly, and optimizing perimeter with tent pole activation around seasons like 4th of July. - Seasonal strategies: Confident in second half seasons with good buys and partnerships, and looking to be more disruptive in seasons. - Innovation: High expectations for elevated Hershey product, innovation across portfolio including Suites, Salty snacks; R&D focused on premium, Suites, better for you; functional snacking is a key growth area with investment in R&D and JV.
Guidance
- Upward/downward revision or maintenance: Still within earlier 2 - 4% organic sales growth target for 27, with elasticities running favorable but being cautious due to macro factors like oil price and need for mid - year visibility; confident in managing controllables like innovation, media ROIs, tent poles, and productivity; cocoa market outlook with cautious long - term view and potential upside in 27 and beyond.
Segment performance
C - Store channel saw mild impact from higher gas prices initially, with frequency up but purchase less; confection business in line with expectation; Suites business has Jelly Rancher performing well, with new items launched and robust pipeline; Reese's and Hershey's brands non - seasonals grew materially; Salty portfolio has some drag from private label but overall positive; Functional snacking is a growing area with high growth potential.
Risks & headwinds
- Macro challenges: Higher gas prices impact on C - Store channel if sustained; oil - related costs indirectly affecting packaging and freight; accelerated health and wellness trends and GLP - 1 adoption could impact confection category but category is insulated; competition and cocoa market volatility.
Analyst Q&A
Q: Please provide more color on sales in C - Store channel and support for it.
A: Mild impact from higher gas prices initially, frequency up but purchase less, channel robust currently, staying focused on retail partners.
Q: Color on costs for packaging and freight.
A: Not seeing big impact, good visibility through 2026 with hedging program.
Q: Merchandising front, pack types and promotions.
A: Deploying stand - up bags, measuring on - shelf availability, activating perimeter with tent poles for occasions like 4th of July.
Q: Expected headline organic sales growth slowdown in second quarter.
A: Slight down due to timing, Easter sell - through strong and international factor.
Q: Spring shelf resets relative to past years.
A: More impactful than recent years, win for portfolio.
Q: Expectations for Hershey premium product.
A: High expectations, product loved in testing.
Q: Suites' performance and expectations.
A: Jelly Rancher performing well, new items launched, robust pipeline.
Q: Macro headwinds on health and wellness and GLP - 1.
A: Confection category insulated, monitored but category is treat - based.
Q: Price elasticity and its impact.
A: Elasticities running favorable, informs view on performance and 2 - 4% target.
Q: Tent poles retail execution and messaging.
A: Worked with customers, brought retail theater, sales force focused on big moments.
Q: Reese's expansion in Europe.
A: Thriving in UK and Europe, plan to scale, working in Brazil and Mexico.
Q: Innovation as percent of sales and focus.
A: High single - digit contribution, focus on premium, Suites, better for you.
Q: Hershey and Reese's brand non - seasonals growth drivers.
A: Hershey campaign during Olympics, Reese's March Madness event.
Q: Cocoa market outlook.
A: Cautious long - term, potential upside in 27 and beyond.
Q: Risks from higher oil - related costs.
A: Small exposure, indirect impact through packaging.
Q: Non - core portfolio drag.
A: Private label drag but Salty portfolio growth from branded products.
Q: Functional snacking business.
A: High growth, investing in R&D, JV with VitaKey.
Q: Margin question on confection.
A: Gross margin and operating margin have deviation due to media investment.
Q: SM&A and marketing expectations.
A: SMA came in light in Q1 but full - year expectation unchanged, SMA ramping in year.
Q: Premium chocolate plan.
A: Focus on accessible premium with brands like Brookside, Cadbury, and new brands for Gen Z.