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Hershey 8-K Report, Financial Results (Apr 30, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed April 30, 2026
Period End
April 30, 2026
Security
HSY
In the record · 2016–202610-K1110-Q358-K142

HSY filed 11 annual reports (10-K), 35 quarterly reports (10-Q) and 142 current reports (8-K) between 2016 and 2026.

  1. Restructuring8-K · Feb ’17Feb ’17
  2. Material agreement8-K · Nov ’18Nov ’18
  3. Leadership change8-K · Feb ’21Feb ’21
  4. Leadership change8-K · Jul ’25Jul ’25

01—Abstract

Summary

Summary of the 8-K filed April 30, 2026. Cited figures are marked; the original filing is the authoritative source.

The Hershey Company reported first-quarter 2026 results for the quarter ended March 29, 2026, announcing consolidated net sales of $3,104.2 milliona, an increase of 10.6%, and organic, constant currency net sales growth of 7.9%.

Reported net income was $435.1 millionb, or $2.13 per share-diluted, compared with $224.2 million in the prior-year period, and adjusted earnings per share-diluted were $2.35, an increase of 12.4%. Reported gross margin rose to 39.4% from 33.7%, while adjusted gross margin was 40.4%, a decrease of 80 basis points, reflecting higher commodity and tariff-related costs. Net price realization of approximately 10 points offset volume declines of approximately 2 points, and the LesserEvil acquisition contributed a 2.0 point benefit.

By segment, North America Confectionery net sales rose 8.3% to $2,489.9 millionc with segment margin of 31.8%, while North America Salty Snacks net sales rose 26.0% to $350.1 million but segment income fell 18.1% to $34.3 million, with margin down 530 basis points to 9.8% due to higher supply chain costs tied in part to a voluntary temporary product withdrawal. The International segment's net sales increased 16.1% to $264.2 million, but segment income fell to $15.3 million, with margin down 680 basis points to 5.8%.

Hershey reaffirmed its full-year 2026 outlook, including net sales growth of 4% to 5%, organic net sales growth of 2.5% to 3.5%, and adjusted earnings per share growth of 30% to 35%. The company also reaffirmed its projected 2026 adjusted EPS range of $8.20 to $8.52d, with interest expense of approximately $200 million to $210 million and capital expenditures of approximately $425 million to $475 million.

02—Key points

Key Highlights

  1. Net sales of $3,104.2 million rose 10.6%, with organic, constant currency growth of 7.9% driven by roughly 10 points of net price realization.
  2. Reported EPS-diluted was $2.13 versus $1.10 a year earlier; adjusted EPS-diluted was $2.35, up 12.4% from the prior-year level.
  3. Reported gross margin expanded to 39.4% from 33.7%, while adjusted gross margin declined 80 basis points to 40.4% on higher commodity and tariff-related costs.
  4. North America Confectionery segment income rose 13.8% to $792.4 million, with segment margin up 150 basis points to 31.8%.
  5. North America Salty Snacks segment income fell 18.1% to $34.3 million, with margin down 530 basis points to 9.8%, due partly to a voluntary temporary product withdrawal.
  6. International segment income declined to $15.3 million, with segment margin down 680 basis points to 5.8% on higher commodity, manufacturing and advertising costs.
  7. The company reaffirmed its 2026 outlook, including adjusted EPS growth of 30% to 35% and net sales growth of 4% to 5%.

03—Questions

Frequently Asked Questions

  1. Did Hershey change its full-year 2026 outlook?

    No. The company reaffirmed its 2026 outlook for net sales growth of 4% to 5%, organic net sales growth of 2.5% to 3.5%, reported EPS growth of 79% to 89%, and adjusted EPS growth of 30% to 35%. Projected adjusted EPS-diluted is $8.20 to $8.52.

  2. What drove the increase in reported profitability?

    Reported operating profit rose 73.5% to $640.7 million, driven by higher sales, net price realization and lower derivative mark-to-market losses versus the prior year ($30.2 million in 2026 compared with $211.5 million in 2025). These gains more than offset higher commodity and tariff-related costs and increased advertising investment.

  3. How did volume trends look in the quarter?

    Organic volume declined approximately 2 points, reflecting elasticity impacts in the North America Confectionery and International segments. This was partly offset by favorable shipment timing and, in North America Salty Snacks, an organic volume increase of over 5 points.

  4. What pressures affected segment margins?

    Salty Snacks margin fell due to higher supply chain costs, partly tied to a voluntary temporary product withdrawal, and increased consumer marketing investment. International margin fell on increased commodity and manufacturing costs and higher advertising investment, partially offset by sales growth and pricing.

04—Continue

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