The Hershey Company (HSY) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 23, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

1.44

Last Year’s EPS

1.21

Same Quarter Last Year

Analyst Consensus

Hold

Based on 18 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 30, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed solid underlying strength: strong branded growth (Hershey and Reese's), resilient confection demand, favorable elasticities, a clear margin inflection starting in Q2, and numerous product and seasonal initiatives that support H2 momentum. Near-term headwinds are largely timing-related (Q2 organic dip), some discrete snacks execution costs, competitive intensity in CMG, and macro uncertainties (SNAP, GLP-1, potential commodity or oil-driven cost pressure). Management maintained full-year guidance and emphasized that most negatives are manageable or temporary while positives are broad-based.

Company Guidance

Hershey said it is maintaining its full‑year outlook, noting Q1 strength but expecting a slight organic sales decline in Q2 driven by timing (Easter pull‑forward and some international shipment timing); Q1 results included confection/category up high‑single‑digits, Snacks up ~5%, salty core brands up nearly 10%, and nonseasonal Hershey and Reese’s growth of ~11% and ~10% respectively, with Easter sell‑through and share ahead of expectations. Management sees a margin inflection starting in Q2—gross margin improvement of nearly 300 basis points year‑over‑year in Q2 with further acceleration in the back half—and said Snacks operating income should resume double‑digit growth after Q1’s one‑time costs; marketing/SM&A (working media) is expected to increase double‑digits for the year. They emphasized confidence in H2 momentum from tentpoles (targeting roughly +1.0 percentage point of growth), innovation and spring resets, noted price elasticity is running favorable versus prior conservative modeling (previously planning around ~0.8%), and reiterated a preliminary 2027 organic sales target of 2%–4% while monitoring macro risks (oil, SNAP, GLP‑1 adoption) and commodity/hedging dynamics.

Strong Easter Sell-Through and Confection Resilience

Easter sell-through exceeded expectations; overall confection category grew in the high single-digits year-over-year and Hershey exited spring resets in a net positive position across items and key channels.

Branded Growth Momentum (Hershey & Reese's)

Nonseasonal growth for core brands was notable: Hershey brand nonseasonal grew ~11% and Reese's nonseasonal grew ~10%, supported by tentpole events (e.g., March Madness) and marketing.

Snacks Performance and Salty Core Strength

Snacks segment grew ~5% in the quarter; core salty brands were up nearly 10%, with Dots, SkinnyPop and LesserEvil driving exceptional growth and operating income for salty expected to increase by double-digits.

Margin Inflection Expected Starting in Q2

Management expects gross margin to increase by nearly 300 basis points year-over-year in Q2 with further acceleration in the back half of the year, driven by lapping higher input costs and productivity actions.

Favorable Price Elasticities and Stable Consumer Behavior

Price elasticities have run better-than-modeled so far, and consumer behavior through Q1 tracked within company assumptions (GLP-1 and SNAP impacts described as mild to manageable), giving confidence in the full-year outlook.

Product & Portfolio Innovation Pipeline

New innovation plans include an elevated Hershey premium product in H2, ongoing Brookside/Cadbury work, smores product activations, and continued investment in sweets, premium and 'better-for-you' R&D; innovation contribution is mid-to-high single-digit percent of sales.

International Expansion Progress (Reese's)

Reese's growth in the U.K. and other European markets continues; the company is scaling via imports and local manufacturing where appropriate and is expanding into markets like Brazil and Mexico.

Tentpoles and Seasonal Execution to Drive H2

Management expects tentpole activations (including Americana/Hershey movie and 4th of July programming) to add ~1 full point of growth for the year, supported by shelf resets, increased facings, and perimeter merchandising.

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 23, 2026	2026 (Q2)	1.44 / -	1.21	―	―	―
Apr 30, 2026	2026 (Q1)	2.04 / 2.35	2.09	12.44% (+0.26)	―
Feb 05, 2026	2025 (Q4)	1.40 / 1.71	2.69	-36.43% (-0.98)	―
Oct 30, 2025	2025 (Q3)	1.07 / 1.30	2.34	-44.44% (-1.04)	―
Jul 30, 2025	2025 (Q2)	0.99 / 1.21	1.27	-4.72% (-0.06)	―
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)	―

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
Apr 30, 2026	$189.16	$185.74	-1.81%
Feb 05, 2026	$204.45	$222.92	+9.03%
Oct 30, 2025	$172.81	$168.74	-2.35%
Jul 30, 2025	$182.21	$184.75	+1.40%

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.