The earnings call reflects a balanced outlook with significant challenges posed by tariffs and rising Cocoa costs, which are being actively mitigated. However, strong performance in international markets and the sweets and salty snacks categories provide a counterbalance to these challenges.

Company Guidance -

Q1 2025

During The Hershey Company's Q1 2025 earnings call, significant guidance metrics were provided, including the expectation of a 15 to 20 base point impact on Q2 due to tariffs, with potential unmitigated impacts of up to $100 million per quarter for Q3 and Q4. EPS for the first half of the year is anticipated to decline by about 30%, with Q2 gross margin expected to be down approximately 700 basis points. SG&A dollars are projected to increase significantly, with high teens year-over-year growth in Q2. The company expects EPS for the full year to be down in the mid-30s, anticipating a 40% decline in the back half of the year. Despite challenges, Hershey remains optimistic about actions to mitigate tariff impacts and sees a path to earnings growth in 2026, even with current Cocoa levels.

Strong Seasonal Chocolate Performance

The company experienced strong growth in seasonal chocolates in the first half, driven by Easter and robust innovation plans for the second half, indicating potential for growth in non-seasonal chocolate as well.

Positive International Growth

The international segment performed ahead of expectations with strong organic sales growth in Brazil and share gains in India and other markets, driven by Reese’s brand activation and innovation.

Resilience in Sweets and Salty Snacks Categories

Sweets and salty snacks categories are performing well, with sweets up 10% and gaining 100 basis points in market share, and salty snacks showing growth despite private label reductions.

The Hershey Company (HSY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HSY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 24, 2025	2025 (Q2)	0.97 / -	1.27	―	―	―
May 01, 2025	2025 (Q1)	1.94 / 2.09	3.07	-31.92% (-0.98)	―
Feb 06, 2025	2024 (Q4)	2.37 / 2.69	2.02	33.17% (+0.67)	―
Nov 07, 2024	2024 (Q3)	2.56 / 2.34	2.6	-10.00% (-0.26)	―
Aug 01, 2024	2024 (Q2)	1.44 / 1.27	2.01	-36.82% (-0.74)	―
May 03, 2024	2024 (Q1)	2.76 / 3.07	2.96	3.72% (+0.11)	―
Feb 08, 2024	2023 (Q4)	1.95 / 2.02	2.02	0.00% (0.00)	―
Oct 26, 2023	2023 (Q3)	2.46 / 2.60	2.17	19.82% (+0.43)	―
Jul 27, 2023	2023 (Q2)	1.91 / 2.01	1.8	11.67% (+0.21)	―
Apr 27, 2023	2023 (Q1)	2.68 / 2.96	2.53	17.00% (+0.43)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HSY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 01, 2025	$165.79	$165.73	-0.04%
Feb 06, 2025	$143.46	$149.78	+4.41%
Nov 07, 2024	$172.45	$168.58	-2.24%
Aug 01, 2024	$191.26	$193.33	+1.08%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.