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12:30
Jul 30 ◎

HSY FY2026 Q2 Watch

The Hershey Company (HSY) FY2026 Q2 Earnings Call

HSY ▾

Kirk Tanner

While the magnitude of the Q2 beat wasn't fully flowed through to FY guidance, management's tone is optimistic, citing strong innovation, robust holiday plans (especially Halloween), and visibility into cocoa cost deflation for 2027. They are maintaining their long-term targets.

"We always expected the first half to be weighted to the top line, given the laps that Kirk mentioned on the second half. The modest guidance increase reflects the replenishment that was expected to happen more gradually over the course of"

HSY WATCH

HIGH

12:30
Apr 30 ◎

HSY FY2026 Q1 Watch

The Hershey Company (HSY) FY2026 Q1 Earnings Call

HSY ▾

Steve Boskell

Management reiterated the guidance, citing strong Q1 performance but remaining cautious due to price-pack architecture changes and potential macro headwinds, particularly oil prices and SNAP cuts.

"we're not changing the guide, so we're still inside the earlier guidance, even though the Q1 results look strong. And it's partly because we still have that price pack architecture hitting shelves as we speak. And we know elasticities can"

HSY WATCH

HIGH

13:30
Feb 05 ◎

HSY FY2025 Q4 Watch

The Hershey Company (HSY) FY2025 Q4 Earnings Call

EPAM KRY TSCDY PEP KHC ▾

Curt Tanner

The company's pricing actions for 2026 don't fully cover the cocoa cost inflation for 2026, and they are taking a strategic and patient approach to pricing to preserve affordability, with 75% of portfolio under $4. — Indicates continued margin pressure for the entire chocolate category, but suggests Hershey's is prioritizing volume growth over margin recovery, a choice that puts pressure on premiumized competitors.

"the pricing we took in 25, I think this is important, does not fully cover our cocoa cost inflation in 2026. So we're on a recovery path while also adding significant fuel to our growth"

EPAM WATCH KRY WATCH TSCDY WATCH

Curt Tanner

Salty snacks category was flat last year, but Hershey grew it by double-digits with 18% growth and double-digit volumes in Q4, suggesting they are taking meaningful market share in the snacks aisle. — Signals that Hershey's is out-executing in salty snacks, a category where they are a challenger, and over-indexing to velocity and distribution gains at the expense of other players like PepsiCo and Kraft Heinz.

"If you think about the category, the Salty category was relatively flat last year, and we grew double digits. So we provided a lot of growth in the category"

PEP WATCH KHC WATCH

Curt Tanner

The CEO's confident tone on 2026 guidance (4-5% top-line growth and significant earnings recovery) despite cocoa inflation indicates a positive outlook, driven by strong momentum in both salty snacks and chocolate.

"We're looking at 4% to 5% net sales growth and meaningful earnings recovery. And that gives us runway to invest in innovation, brand building, and execution to drive growth."

HSY WATCH

HIGH

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